Technical Analysis of Indian Equities by Nooresh

GNFC and Suraj Diamonds – Technical View

GNFC :

The stock has faced huge amount of resistance around the 136-139 mark. Sustaining above it could give a 15% or more on the stock.

Large Volumes also support an upmove.

GNFC

Suraj Diamonds:

The stock has given a breakout today and seems to be headed to 80 +. Reco at 70-71 to clients.

suraj diamonds

 

Stocks to watchout for:

Indag Rubber and Chemfab Alkalies look promising on short term charts for a quick move but no dope on the fundamentals of the companies as well as low volumes a concern.

Sugar Stocks have given the first indication of a turnaround and might be headed for better times in next 1-4 months and a good appreciation. For the full article read - http://www.analyseindia.com/analyseindia/readPost.jsp?postid=17 

 

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Article by Nooresh Merani

Nooresh has written 2569 articles.

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{ 3 comments… add one }
  • Nirmal November 9, 2010, 21:04

    Hi Nooresh/Shams,

    I believe we are headed to 6500-6600 in this expiry and definitely by 7000 by early or mid jan 2011. Market will not fall below 6200.

    Silver tgt is 1 lac for a 1.5 years horizon.

    Thanks

    Reply
  • vivek November 10, 2010, 01:00

    Dear nooresh,
    Today i have bought 500 shares of Bannari Spinning Ltd. @Rs 160 . I think it has given a breakout above Rs 155 .Can u give me the target technically.

    Reply
    • nooresh November 10, 2010, 12:59

      Hi Vivek,

      Look for 180

      Reply

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