Technical Analysis of Indian Equities by Nooresh

Alert – INDIA VIX hits a high of 39 showing extreme panic – Utilize any panic to 4700-4740 or to 4500-4550 for specific buying.


Article by Nooresh Merani

Nooresh has written 2799 articles.

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{ 11 comments… add one }
  • Ameeth October 4, 2011, 14:31

    Sir but it traded to 80+ levels in 2008 and now it has just crossed the 40 level. Is there any chance of it going again to 80+ lvls this time when GREECE is about to be default officially.

    • nooresh October 5, 2011, 10:23

      Hi Ameeth,

      Volumes were too low in options during 2008.

      But worldwide vols trading above 45-50 implies huge panic.

  • Gandhe srinvas October 4, 2011, 17:07

    Dear Nooresh

    I have skumar @56 and ks oil @12.50 what is the future for the same and reliance industries at 815

    What do you suggest

    Gandhe Srinivas

    • nooresh October 5, 2011, 10:23

      Hi gandhe,

      Skumars and Reliance will come back to ur price and higher in medium term cant say about K S oils as not tracking

  • hesh October 4, 2011, 18:35

    Dear Nooresh sir,

    please provide those stocks name which oversold with improving RSI.


    • nooresh October 5, 2011, 10:22

      Hi hesh,

      There are many stocks and the current fall will create positive divergences so lets wait for a decline if any and a bottom formation to look at them.

      On radar are banks.

  • sanjay October 4, 2011, 19:57

    Ultimately i feel CASH will be king. Tough times ahead..

    We should hold on for some time and as rightly suggested by nooresh buy in staggered manner and in quality stocks..

    • nooresh October 5, 2011, 10:22

      Hi Sanjay,

      For investment Cash is Raw Material and it needs to be deployed slowly in good products 🙂

      For now if we realize Godrej Inds was at 185-190 at 5200 and still is same at 4700 index whereas many others have pulled down 10-15% so one needs to keep looking as i believe stock specific there are many opportunities.

  • Rahul October 5, 2011, 16:44

    Mr Nooresh,

    I am holding following stocks with higher cost tell me what to do ?

    Greaves Cotton Ltd
    Gujarat NRE Coke Ltd
    L&T Finance Holdings Ltd

    Lanco Infratech Ltd

    LIC Housing Finance Ltd

    Reliance Power Ltd

    Varun Industries Ltd

    Yes Bank Ltd

    • nooresh October 7, 2011, 11:54

      Greaves Cotton Ltd —- Hold
      Gujarat NRE Coke Ltd —- No view
      L&T Finance Holdings Ltd —- Hold for long term

      Lanco Infratech Ltd —— Not much downside left acc to me

      LIC Housing Finance Ltd — Hold

      Reliance Power Ltd —– Review on bounce back

      Varun Industries Ltd —– The claims made by the company are doubtful.

      Yes Bank Ltd — Hold

  • km anas October 10, 2011, 08:42

    Dear Nooresh sir,
    Whats the future pf KS OIL & MMFSL


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