Technical view by Nooresh

Sterlite Inds – Small Breakout above 174.


After our last two trades on Tata Steel ( 650 to 675) and Hindalco ( 225 –232 ) the next in the bag is Sterlite Inds which has given a breakout above 174.

Also Mphasis recommended at 657 is nearing 675 tgt. ACC got a stop hit of 20 bucks.

Article by Nooresh Merani

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{ 5 comments… add one }
  • natarajan t r December 21, 2010, 22:46

    Hi Nooresh
    Sometime back you had indicated that the market would raise above 20000 in the process of its consolidation and that it would face resistence at 20300 level. As you know today the market crossed 20000 level and do you think that we should try to reduce our longs from now onwards and start accumulating cash?
    T R Natarajan

    • nooresh December 23, 2010, 13:13

      Hi TR,

      Yes time to reduce till we dont cross 20300.

  • prachit December 23, 2010, 09:33

    mphasis did ggood

    • nooresh December 23, 2010, 13:10

      Hi Prachit,

      Yes it did :0)

  • Interactivemathtutor January 4, 2011, 11:20

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