Technical Analysis of Indian Equities by Nooresh


BF Utility — High Risk High return Bet




The stock looks interesting for a high risk high return trader as well as an investor.


Short term move could take it to 380-390 levels.


Technically its a breakout for short term but fundamentally seems there is some thing cooking in it. As a trader one may keep a stoploss of 290.


Investors can accumulate with a 3-6 mths view with a very deep stoploss of 260 on closing basis. Upsides could be 500 also.


Meanwhile there have been many quick trades in our advisory services which is keeping us busy. Also trades are more of extreme short term nature so cant update on the blog.


Expect this rally to continue till 4900-4950 on Nifty. Had recently mentioned about this bounce back and many stocks will jump a few days back ---- 


Century Textiles can be bought for a target of 245 sl 224.


Larsen & Toubro maintain long term view but can book part on rise to 1150-1200. Reliance Inds 700-650 buy area.


People can also start following me on for some snippets.



Also for all the readers this scheme ---  will not last for long. ( there was some linking problem which is now rectified )



Happy Investing,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2808 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 2 comments… add one }
  • CHIRAG SHAH January 10, 2012, 21:21

    I would like to have some idea abt Navin FLorin .

    • nooresh January 11, 2012, 11:27

      Hi CHirag,

      Its a good one on medium to long term view as per people πŸ™‚ who track it.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.