Technical Analysis of Indian Equities by Nooresh

Max India – A good Breakout



The stock looks set for 210 + levels in short term.


Dislcosure: Have initiated a client call to buy at 191-192.


Also traders can keep a watch on GMDC if trades above 185 could give a good move to 200 levels.


For the index the view is simple will look to book partially in rise to 16800-17300 and then trail if it moves higher. Good bounce seen as expected - 


Happy Investing



Article by Nooresh Merani

Nooresh has written 2774 articles.

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{ 5 comments… add one }
  • kunal September 5, 2011, 00:51

    Hi Nooresh !
    Would appreciate if you tell me when to exit Bajaj auto as Iam holding it since long and feel that 1675-1700 is achievable..need your valuable comment on it ! Secondly Max India is on a 52 week high so do you think it can move higher and a safe bet in a market like this? Kindly advise …

    Thanks & regards

    • nooresh September 5, 2011, 12:49

      Hi Kunal my target for bajaj auto was 1650 where one should book at least partially if not fully.

      Max India remains a good bet – And in such markets 52 week highs are the safest !! Look at wat has happened to 52 week lows.

  • kunal September 5, 2011, 14:16

    Hi Nooresh !
    Just booked half @ 1650 … u rock dude !! amazing call..plan to rest the rest @ 1700-1725 hope thats fine?

  • kalpesh September 7, 2011, 17:07

    what is the charges for short term delivery package.


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