Technical Analysis of Indian Equities by Nooresh

Time for Midcaps/SmallCaps to Outperform.

Sensex Technical View:

Sensex is now around the higher end of the channel. One can look to go short on every rise with a stoploss of 21050 on closing basis.

TopSensex

Nifty Technical View:

Similar reasons for Nifty. Short on rise.

TopNifty

 

As always the norm with markets Smallcaps/Midcaps start performing a little later after the index moves. In todays note to clients in morning had mentioned about the focus on midcaps and have recommended a few exciting smallcaps/midcaos.

 

For detailed presentation on Sensex - Check Link Here-

 

Stocks to watchout :

AREVA TnD can give a sharp move above 308

areva

 

RCOM: Headed to 190 in short term possibly. BTST buy given at 176 to clients and free call to blog subscribers on SMS.

RCOM

 

INVESTMENT PICK FOR LONG TERM :

LOKESH MACHINES - Excelllent fundamentals and interesting technicals. Will test patience but reward over the next 6 months. Once the fundamental study is over might look into it as a small cap coverage. Quite a lot of small cap coverage is now only for clients like Hitech Plast - stock did 108 to 135 ! and still strong.

LokeshMachines

 

Stocks to watchout for:

Mudra Lifestyle has given a breakout and should head to 60 in  short term.

Reliance Capital earlier gave a breakout and then hit stoploss at 800 has now turned back. Can the stock head to 900 + quiite possible.

SJVN - Sutel Jal -

Watchout for a sustained move above 25.5-26 which will give a target of 30-32 in 1-2 weeks.

HDIL and India Bull Real Estate look promising for 3-4 sessions swing trade.

FINOLEX Inds buy above 112 stoploss 107 tgt 120-125 in 1 week.

WESTERN INDIA SHIPYARD RECOMMENDED couple of days has given a breakout indication buy for a quick target of 18.

Power Grid and Pipavav Shipyard recommended to readers who filled the pop up form should hold for the targets mentioned. If you want to get free advice mail to analyseindia@gmail.com with ur details.

 

Those who would like to get our exclusive advisory services call Asif 09833666151 to help you out with the best combo packages and customized service.

TECHNICAL ANALYSIS TRAINING SESSION

MUMBAI OCTOBER 9-10

BANGALORE OCTOBER 16-17

 

Cheers,

Nooresh

09819225396

Analyse India

Article by Nooresh Merani

Nooresh has written 2569 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 28 comments… add one }
  • Himanshu Gupta October 6, 2010, 02:42

    hello nooresh ,

    Reply
  • bhanu October 6, 2010, 04:45

    hi Nooresh,

    As ever Apprecite your calls, quick question, Andrew Yule what do you what us to do with this stock. Is it a hold? Also are you still bulish on hinduja Vent?

    thanks
    bhanu

    Reply
    • nooresh October 7, 2010, 13:04

      Hi Bhanum

      Remain bullish but will test patience big time

      Reply
      • bhanu October 8, 2010, 07:03

        I guess your reply is for both stocks,

        Andew Yule and Hinduja Ventures,

        Reply
        • nooresh October 11, 2010, 19:48

          Hi Bhanu,

          Yes it is 🙂

          Reply
  • Ramesh October 6, 2010, 12:11

    Hi Nooresh,

    I have sent mail on last friday evening to analyseindia@gmail.com about stock future service for intraday and positional, Can you respond to that

    I have taken long position on POWER GRID OCT FUT@112.5,

    Thanks,
    Ramesh.

    Reply
    • nooresh October 7, 2010, 13:04

      Hi Ramesh,

      You can go for Newsletter +

      Reply
  • dhatri October 6, 2010, 14:04

    thanks for ur calls

    Reply
  • Mihir October 6, 2010, 23:25

    Nooresh bhai,

    registered for blore session. PLease check

    Thanks again!

    Reply
    • nooresh October 7, 2010, 13:02

      Hi Mihir,

      Recvd ur mail

      Reply
  • vivek October 7, 2010, 01:06

    Hi nooresh,
    Today I bought 2000 share of Sangam (I) @Rs.47 . Something is cooking . Can u give me the target technically.

    Reply
    • nooresh October 7, 2010, 13:02

      Look for 60 in 1-2 months

      Reply
  • sangram October 7, 2010, 08:59

    hi nooresh ji,
    can i buy easun at this levels.and if yes what can be the targets

    Reply
    • nooresh October 7, 2010, 13:02

      Hi Sangram,

      Buy closer to 130

      Reply
  • Ramesh October 7, 2010, 15:13

    Hi Nooresh,

    I am still holding power grid and i hope SL should 108 on cash ,
    Please let me know if any change..

    Reply
  • Akshay October 7, 2010, 16:08

    Sir,
    Any trgts for BL KASHYAP in short term.

    Reply
  • Ramesh October 7, 2010, 16:49

    I think i should exit from POWER GRID FUTURE if tomorrow if it opens GAPDOWN

    My entry on future price is 102.5/-

    Reply
  • Krishnaraj K October 7, 2010, 23:00

    Sir, I have already informed you over telephone about my and my friend’s registation for Bangalore training course, hope you will be emailing the venue / time schedule by the weekend.
    thanks and regards

    Reply
  • Arun October 8, 2010, 07:24

    Dear Nooresh sir ,
    I have purchased piramal glass @ 137 . May i know the target with stoploss and time frame .

    Reply
    • nooresh October 11, 2010, 19:47

      Hi Arun,

      Stoploss of 130 tgt 160

      Reply
  • sanjay October 8, 2010, 10:22

    Many Many happy returns of the day dear Nooresh. God bless you. tc

    Reply
  • Sunil October 8, 2010, 12:20

    Hi Nooresh,

    Is it right time to buy Orbit Corporation?

    Thanks,
    Sunil

    Reply
    • nooresh October 11, 2010, 19:47

      Hi Sunil,

      Seems good but will test patience

      Reply
  • Mehak October 8, 2010, 13:38

    Hi Nooresh,
    Whats your view on tech mahindra? Is it a good buy?

    Reply
  • ANJALI October 8, 2010, 20:45

    Sir,
    I plan to invest some money for my grand children. ( Now i am at 30)
    So plz suggest me some stocks taht can be multibaggers in a long view ( i want some stocks that can make my grand children rich )

    Kindly give me an advise
    regards
    Anjali

    Reply
  • rohit October 9, 2010, 21:54

    dear sir,
    KOUTONS has decreased from 3oo to 13o from 23-o9 to o8-1o-1o.
    what the reasone decrease?
    as fundamentaly copmany good so why prise is droped contiouslly.
    should i buy at this level.

    Reply
    • nooresh October 11, 2010, 19:45

      Hi ROhit,

      How come can you say the stock is fundamentally good.

      The buzz is pledged shares are being sold.

      Regards,

      Nooresh

      Reply
  • Mihir October 10, 2010, 22:49

    Nooresh bhai,

    many many happy returns of the day!!
    hope u enjoyed and had a grand party

    take kr!

    Reply

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