Technical view by Nooresh

Sugars did 15% ! Hindalco watchout above 228-230

In the last updates had mentioned to shift from penny stocks and underperforming ones to sugar stocks.

All the recommended sugars did a move of 8-15% in quicker time. Maintain the medium term outlook on the sector with a view to re-enter qty sold at current levels. Have advised booking half quantity.


United Phosphorous hit a small stop whereas bindal agro did the targets.


Stocks to watchout for:

Hindalco could do a sharp move to 245 + if stays above 228.


Article by Nooresh Merani

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{ 8 comments… add one }
  • sanjay December 20, 2010, 18:49

    Should enter Sakthi sugars ?

    • nooresh December 21, 2010, 10:30

      Hi Sanjay,

      Rajshree and Sakthi both

  • Atul December 21, 2010, 01:14

    Hey nooresh
    Any Idea on Sel MCl…shud one buy this stock…Stock has faallen from 800 to 18 rs

    • nooresh December 21, 2010, 10:30

      Hi Atul ,

      Its because of Manish Marwah one of the so called operators comin in sebi net

  • elex December 21, 2010, 09:52

    Hello Sir,

    What is your view on beckons industry. Company is earning good profit from last few years. There businees is also intresting, Only problem with the company is low promotor holding. I am not able to decide on it wether to invest in it or not ?

    Kindly reply sir, I have got 11000 share till date at an avg price of 7 rs

    • nooresh December 21, 2010, 10:29

      Hi Elex,

      I consider it to be a dabba stock

  • deepak December 21, 2010, 15:44

    How is Renuka is looking CMP @ 95.5 from 2-3 days & what will be target for that

    • nooresh December 23, 2010, 13:13

      Hi Deepak,

      Renuka i had initiated a buy call at 77. I would like it back on 85-89


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