Technical view by Nooresh

Quick Technical Charts – Axis Bank, Sun Pharma, Lupin










Interest seems to be back in MNCs with possibility of delisting. But investors should be careful in choosing their bets and not expect major returns.

Foseco, Wyeth Ltd, Pfizer, Elantas,BOC India, Novartis which look attractive on declines.

Alok Inds continues to look good to buy for short term. Also textiles as a sector is interesting fundamentally as per smart investors.

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Article by Nooresh Merani

Nooresh has written 2531 articles.

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{ 6 comments… add one }
  • imtiyaz April 29, 2011, 09:44

    Hi Nooresh,

    Please share your views on Bhel and Infosys. Can we buy them now?

    • nooresh April 29, 2011, 11:04


      Would prefer to avoid both unless looking for a bounce.,

  • Rakesh April 29, 2011, 14:39


    Axis hit stop loss, Is it still a buy @ 1275?


  • mahesh April 29, 2011, 23:36

    Where can invest now .. Gold or silver and if equities which stocks should I pick ..

  • mahesh April 29, 2011, 23:45

    What should I buy gold or silver for 2-3 years .. Everyone is saying that gold could go to 30000 and silver 100000 … And if equities which stock should I buy for 2-3 yrs and for steady returns . Mutual funds don’t even give any returns .. I have got only 10% plus in 5 years :-(

    • nooresh May 1, 2011, 10:38

      Hi Mahesh,

      Maybe if you would have asked gold silver 6-8 mths back the answer would be silver instead of gold.

      Right now at such levels i would find it risky to buy gold/silver unless you can digest a 10-20% correction in the them and buy more.

      For mutual funds you can buy a top 200 or top 500 hdfc fund.

      Stocks you may look to buy a diversified portfolio.


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