Technical Analysis of Indian Equities by Nooresh

Gillete India – Major Breakout may head to 2400 in medium term.




After a quick clean move in Colgate one may focus on another MNC which has given a good breakout in the short term and may head higher slowly and steadily.

Buy between 2050-2130. Stoploss 2000


Also some of the defensive picks recommended last week.

ITC has jumped from a low of 182 to 200 – Book profits fully


First Leasing from 88 to 74 and now to 93 – Book half


BOC India maintain hold and add on declines till 250


Continue to remain bullish on Godrej Inds and Smartlink Network for patient investors.




Article by Nooresh Merani

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{ 4 comments… add one }
  • asdf June 30, 2011, 16:43

    hi nooresh,
    i know u have said in th past that you do not track JMC Projects, being a regular follower of your blog I cant help but ask your opinion on the same I have a fairly large investment in it nearly 3500 shares @ RS 215 and its not given any movement in the last one year and i am worried i bought it on my brokers recommendation would you be so kind as to look at it.
    sushil finance has been touting it for a while Im sure your readers will also benifit from you view

    • nooresh July 1, 2011, 12:39

      Hi Zulfikar,

      You can look for a bounce to 165/185 to reduce part of the position and cover it back on dips.

      No fundamental view on it but technically seems a short term bottom in place.



  • Hemachandra July 1, 2011, 12:57

    Hi Nooresh,

    Please advice me about DPTL (Dhunshree Plantations) i have bought 2000 @ 195/- what is prospect of this company.. Should i hold it or sell it for loss…. please reply..


    • nooresh July 1, 2011, 13:25

      Hi Hemachandra,

      I would suggest to hold on provided you have patience for next 1 year


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