Technical view by Nooresh

Gillete India – Major Breakout may head to 2400 in medium term.




After a quick clean move in Colgate one may focus on another MNC which has given a good breakout in the short term and may head higher slowly and steadily.

Buy between 2050-2130. Stoploss 2000


Also some of the defensive picks recommended last week.

ITC has jumped from a low of 182 to 200 – Book profits fully


First Leasing from 88 to 74 and now to 93 – Book half


BOC India maintain hold and add on declines till 250


Continue to remain bullish on Godrej Inds and Smartlink Network for patient investors.




Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 4 comments… add one }
  • asdf June 30, 2011, 16:43

    hi nooresh,
    i know u have said in th past that you do not track JMC Projects, being a regular follower of your blog I cant help but ask your opinion on the same I have a fairly large investment in it nearly 3500 shares @ RS 215 and its not given any movement in the last one year and i am worried i bought it on my brokers recommendation would you be so kind as to look at it.
    sushil finance has been touting it for a while Im sure your readers will also benifit from you view

    • nooresh July 1, 2011, 12:39

      Hi Zulfikar,

      You can look for a bounce to 165/185 to reduce part of the position and cover it back on dips.

      No fundamental view on it but technically seems a short term bottom in place.



  • Hemachandra July 1, 2011, 12:57

    Hi Nooresh,

    Please advice me about DPTL (Dhunshree Plantations) i have bought 2000 @ 195/- what is prospect of this company.. Should i hold it or sell it for loss…. please reply..


    • nooresh July 1, 2011, 13:25

      Hi Hemachandra,

      I would suggest to hold on provided you have patience for next 1 year


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