Yes Bank --- Risky traders may look at shorts on spike to 320. Seems getting into strong resistance.
Union Bank of India ---- The preference for PSU banks is what remains. This seems the best of the lot on technicals. Already have a buy view initiated at 193.
Larsen & Toubro --- This stock seems to bottom out whenever i have initiated a view of pyramiding 🙁
Recent view posted around 1000 recently - http://www.nooreshtech.co.in/2011/12/larsen-toubro-nearing-2008-oversold-levels-watch-for-sharp-panics-only-to-buy-very-very-staggered.html
Had earlier initiated such a view at 550 levels in March 2009.
The stock has jumped from 1000 to 1300 in this period 🙂 i.e 30 % from the lows. Although partial booking was suggested at 1150 whatever left should now be forgotten for long term or review at 1450-1500.
Certain midcap stocsk ---
Jayant Agro and IFGL refractories seem interesting for 10-20% jump and can be bought on dips but please do your own research.
NESCO has jumped to 670 levels from the recent lows of 500. Continue to maintain the bullish stance for long term and buy on every dips. Working on a detailed post 🙂 will update soon as its a stock to be kept for a 2-3 years.
Meanwhile we are still not getting any research or comments done on this post http://www.nooreshtech.co.in/2012/01/midcap-and-small-cap-stock-ideas.html about small cap ideas.
Bombay Burmah seems an interesting bet at 400-350 with a defensive approach and patience.
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