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
Century Textiles --- A fresh trade at 231 seems bottomed out. Short term target 245. Good risk-reward.
Hindalco ---- Initiated at 118 ( had mentioned in CNBC also i suppose ) tgt 130. Nice divergences and falling wedge breakout
ITC Limited ----- A good clean breakout. And always a defensive so low risk.
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 )
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