Technical Analysis of Indian Equities by Nooresh

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Indus Ind Bank, Piramal Healthcare, Sesa Goa

 

Piramal healthcare --- cash for free. good play for investors.

 

piramal

 

indus ind bank --- highly overbought

 

indusindbank

 

sesa goa --- time for some quick moves

 

sesagoa

 

 

ITC got stopped out the other sample trades mentioned did good. At one point of time till today morning we had 10-15 longs open πŸ˜› now cut it down. Make hay when the sun shines :). Although majority of the market seems to be going for shorts they seem to have missed a good opportunity. Example Hindalco 118 to 130 is 10%, Larsen from 1000 to 1150 is 12-15 % ! just some of the trades taken 

 

Had clearly mentioned exactly a week back at 4650 levels on January 3rd 2012 that Nifty is setting up for a short term rally is the Bearish consensus had become very high. Also the technical reasons were specified in this post β€”  Short Term Rally

 

People can also start following me on https://twitter.com/nooreshtech for some snippets.

Also for all the readers this scheme β€” http://www.nooreshtech.co.in/2012/01/master-blaster-a-new-year-gift-for-all-our-readers.html  will not last for long. ( there was some linking problem which is now rectified )

Happy Investing,

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2571 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 5 comments… add one }
  • JAGDISH K MODI January 12, 2012, 11:20

    hello sir smartlink buy hote nahi he kya kare pls advise

    Reply
  • gauri January 13, 2012, 15:59

    dear nooresh i wud like to know ur views on sriram transport finance fr d next week,plz reply soon

    Reply
    • nooresh January 15, 2012, 15:57

      Hi Gauri,

      In the short term thebounce seems to be over or a bit overdone.

      Reply
  • rakesh June 29, 2012, 18:54

    i have purchased 3000 Granules India at average price of 107, and 1000 asahi songwon at 88. pls advice whether to hold or book profit

    Reply
    • Nooresh July 2, 2012, 12:23

      No view on granules. If a trading bet exit asahi as its a more longer term play

      Reply

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