The Midcaps/Smallcap Indices have crossed near term resistance and now knocking the resistance at the previous bottoms.
Time to look for stock specific action.
Dislcosure – Do your own research. Some of the stocks below would have been recommended to clients and we have vested interests.
Rallis India – Good base formation for last few months and now breakdown above 165.
GMR Infra – Good base at 14.5 and now breakout done above 16.2-16.5
Tata Motors – Posted yesterday has done a good bounce.
Couple more oversold names in Auto space look interesting.
Eicher Motors – Finding support at 2016 lows.
Motherson Sumi – Double Bottoms Reversal.
For more about our advisory services
Customized Advisory Services- http://www.nooreshtech.co.in/quickgains-premium/platinum-plus
Derivatives - http://www.nooreshtech.co.in/quickgains
DISCLOSURE Nooresh Merani
Securities covered above: All mentioned in the above post
SEBI Registration disclosure - Investment Adviser ( INA000002991)
Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.
Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.
Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.
Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.
The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision
Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer