Technical Analysis of Indian Equities by Nooresh

Curtailed week …. 15450 level to watch …

Sensex Technical View :
Yet again Sensex made a top of 15957 and pulled down a bit. With weak global cues markets can try to test the important lower zone near 15450. Strategy for traders should be to use short term stock specific moves and wait for a clear breakout on either side for some quick moves.

Stocks to watchout for :
There is not much to update as sluggish moves in markets...15450-15950 remains the range as of now

Bottom fishers can look to accumulate Disht Tv and WWIL for bounceback .

K S oils , gateway distriparks and HCC can be bought on dips for short to medium term investment . Look for a 15-20% appreciation .

Last message sent to clients :

RPL did tgt of 182-184 , Essar Oil did 241-244 tgt in the trading calls, hind Oil does 142 close to 145 tgt. ...will again wait for some more tradding picks..

11-Apr-2008 14:17:06
MRPL raise stop to 89 , Petronet 74.8 . RPL and Essar Oil traders can book fully also. Investors can wait with cash to buy in dips.Dont be leveraged volatile week ahead.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2808 articles.

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