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.
For more of our services — www.analyseindia.com
Happy Investing,
Nooresh Merani
Related posts:
- Larsen & Toubro — Nearing 2008 Oversold Levels. Watch for sharp panics only to buy very very staggered.
- Technical Charts – Biocon , Gail, ABM Knowledge, BOC India, Goodyear India, NESCO Ltd and Nifty
- Some Technical Charts – Bajaj Auto , HDFC bank , Lic Housing , Larsen and Toubro and Yes Bank
- Technical Charts – Bharti Airtel,Cipla, HDFC, ICICI Bank, Infosys , IOB, Larsen & Toubro, Motherson Sumi, Ranbaxy , Reliance Inds, Tata Motors.
- Larsen n Toubro …biggest move ever……Power of technicals
{ 6 comments… read them below or add one }
Hi Nooresh,
Views on Suzlon, can we short suzlon now???
Nooresh bhai i think camlin which was one of the stocks recommended previously in this blog is in the range of Rs.35. Do you think it is the stock to be picked at this rate????
Yes the stock does look interesting but many options now
Mr Nooresh,
Jayant went up 10-15% from your recamentation .Result was out..Not great but y-to y base Not bad also. production started at their derivative plant…I think that was the reason sudden interest from investors. But if you look at the delivery percentage it was very low compare to last few months.I think current trend 112-118 will be major resistance !!!! what is your target ?what would be long term investors do this counter??
Nooresh bhai YES Bank shorted at 330.00 yesterday.
What is the out look ?
Please tell.
Keep a stoploss of 340 and look for 320-300 in near term.