Technical view by Nooresh

Holiday Mood on the Street !! –

Markets in Holiday Mood !!! ---


Sensex Technical View:

Currently the index seems to be in a holiday mood with no major moves on either side. We may expect the lacklustre moves to get over only if it is able to cross out of the range 19500-20300. Till then it’s a time to just relax and look for sectoral opportunities.

2-3 weeks back we advised inv estors to bu Sugar Sector. Now every person on the street is talking about Sugars !!. Renuka, Triveni, Sakthi and Rajshree our favorites have given a move of 15% already. Book half of the position and hold rest for next 1-2 months.


The next sector to watchout would be Metals – Favorites – Hindalco and Tata Steel.

Hindalco accumulate on every dip or on sustained close above 244 for a target price of 275/300. Stoploss 220. Accumulate on dips to 230.



Tata Steel accumulate on dips to 650 or a sustained close above 690 for a target price of 745/790. Stoploss 630.



ANALYSE INDIA announces the next 2 day exhaustive Technical Analysis training program in Mumbai on

January 8th and 9th

To register yourself call Kazim 09821237002 Asif 09833666151

Article by Nooresh Merani

Nooresh has written 2531 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 3 comments… add one }
  • Rinaar December 29, 2010, 08:44

    Hi Nooresh
    sir h r u wish u happy new year in advance
    i m wait 4 last 2mths 4 fresh buying plz suggest me which stock
    can i buy ur old picks like lokesh, bengal, Well pack,

    • nooresh December 29, 2010, 13:57

      Hi Rinaar,

      Lokesh is good for long term. Bengal on dips. Wellpack was a sell !!

  • N m December 29, 2010, 10:06

    Should’nt it be celebration mood on the streets ?


Leave a Comment