Technical Analysis of Indian Equities by Nooresh

Stability a key word now !!

Sensex continues to fluctuate widely with sentiments and internal concerns.,... Technically till 13700 holds up for the month consolidation will continue facing resistance at 14600 and 15100 ...

Short term fluctuations on news flows on govt , global cues will continue to effect ... The next 2-2-3 weeks are to be seen through this ... So use the opportunity to upgrade urself on market knowledge and equip yourself for better returns in coming months ...

Many stocks are available in the large cap category at attractive levels but it is only with an investment point of view ... Still short term traders should avoid trading a lot till the stability comes ... Investors should continue accumulating ...

VSNL looks a good bottom pick with a stoploss at 358 and tgts at 390-420 ...

Gujarat Ambuja Cements looks good if sustains above 133 can tgt 140-142 in extreme short term ..Stoploss at 126 and buying can be done around 129-132

HAVE STARTED A GOOGLE GROUP And Community on orkut . So those who would like to share ideas on investment can join them



09819225396 ( Those who want to chat with me can add me on gtalk )

Article by Nooresh Merani

Nooresh has written 2799 articles.

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