Technical Analysis of Indian Equities by Nooresh

Some trades — Auro Pharma,Century Textiles, Hindalco and ITC.

Over the last few sessions have been loading up a lot of stocks.

Never been more then 10-12 stocks open in a trading service since a long time. Obviously most of them are in the green so trailing on to the positions.

Expecting the rally to last a bit more till 4900 as mentioned and stock specific may see some more action.

 

Some of the stocks mentioned.

 

Aurobindo Pharma --- Already long at 95 booked quickly

 

AuroPharma

 

Century Textiles --- A fresh trade at 231 seems bottomed out. Short term target 245. Good risk-reward.

 

centurytextiles

Hindalco ---- Initiated at 118 ( had mentioned in CNBC also i suppose ) tgt 130. Nice divergences and falling wedge breakout

hindalco

 

ITC Limited ----- A good clean breakout. And always a defensive so low risk.

 

itc

 

Many other stocks like BHEL( mentioned in this post )  Larsen & Toubro ( check post here ) , Reliance Inds ( check post here ) good moves as expected but mind you its a long term bet.

 

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 ---  Short Term Rally

 

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

 

Also for all the readers this scheme — 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

 

CEO- Analyse India Market Solutions Private Limited

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2581 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 8 comments… add one }
  • Venkat January 10, 2012, 23:15

    Nooresh, how do you see Auro pharma as an investment around these levels ?

    Reply
    • nooresh January 11, 2012, 11:26

      Venkat,

      I dont have any fundamental view on the stock this is purely a bet on short term.

      Reply
  • shree January 11, 2012, 07:52

    Hi nooresh,

    i have subscribed to master blaster and i am eagerly waiting for the service to start.

    shree

    Reply
  • Nasimul-gani Sarfu January 11, 2012, 10:57

    Plz add share button on your post 4 facebook.easy to share your usefull & accurate prediction for my friends.thnksss

    Reply
    • nooresh January 11, 2012, 11:25

      Hi Nasim,

      There is a f share and retweet button on every post.

      Reply
      • Nasimul-gani Sarfu January 11, 2012, 11:56

        I don’t see any f button in I got mail from u like tweet this for facebook.overall hindalco & larsen is my favoruite. I m waiting for GTL,Gitanjali Gems,Lovable lingriese & Jubliant food.I think thsese r market performers.I m looking your prediction for above stocks.thnkss nooresh.

        Reply
        • nooresh January 11, 2012, 12:57

          Well it is available on the site. Will put it up in the mails as well.

          Well m not very gung ho on Jubilant and lovable doesnt give me enough comfort on valuations. Technically would be short long many a times on both though. Like Lovable a long view today.

          Reply
  • Nasimul-gani Sarfu January 11, 2012, 13:05

    Thnksss nooresh for all

    Reply

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