Technical Analysis of Indian Equities by Nooresh

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Bank of Baroda and Hindalco – Watchout for bottom fishing

 

BankofBaroda

 

Bank of Baroda --- One can look to slowly accumulate.

 

hindalco

 

Hindalco … A good trade would be above 121 in momentum.

 

On the index continue to look for 4800 as a review point and 55 USD-INR. Sentiments are terrible, pessimism is at peak. Good setup for a rally in June.

 

 

Happy Investing,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2556 articles.

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{ 5 comments… add one }
  • Ravi May 16, 2012, 13:46

    Hello Nooresh,

    I am regular reader of your blog and would like to know abt following bottom fishing stocks where there can be oppurtunity and for medium term (12 – 18 months):

    IFCI
    Hindalco
    Clariant Chemicals
    AB Nuvo
    TISCO
    GTL Infra
    Sakhti sugar
    Coal india
    LnT Fin

    Please respond. Thanks.

    Regards,
    Ravi

    Reply
    • Nooresh May 16, 2012, 16:18

      Apart from Sakthi Sugars gtl infra and coal india the rest look very good with a long term view.

      Reply
      • Ravi May 16, 2012, 16:55

        Thank you nooresh.

        Reply
  • Hari May 26, 2012, 00:02

    I can’t make out what u are trying say in your blogs ? Can you please be short BUY! SELL OR HOLD ?

    Reply
    • Nooresh May 26, 2012, 13:59

      Hi Hari,

      The information given is for you to interpret πŸ™‚ i have never understood your comments till date πŸ™‚

      Reply

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