Technical Analysis of Indian Equities by Nooresh

Clariant Chemicals — Investment Pick for long term.


Clariant Chemicals ---
This is one MNC stock which has not come into
the eye of investors.
Good accumulation seen.
Cum Dividend of 30 rs. Good yield and growth play.



Accumulate the stock between 580-660 in a SIP manner with a 1 – 1.5 years view.


In the short term there could be a technical breakout above 650 which can take it to 700-750 which can be used to book partial profits.


Disclosure: The stock is 5% of our Model Portfolio bought at 620-630. Would have been higher but already we are invested in other favorites. But will be increasing exposure to this stock if dips.



AHMEDABAD 17-18th MARCH,2012.

BANGLORE 24-25th MARCH 2012.


To know more contact: Kazim on 09821237002 or Asif on 09833666151

Article by Nooresh Merani

Nooresh has written 2807 articles.

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{ 11 comments… add one }
  • Pugazhenthi March 7, 2012, 00:29

    Hello Nooresh,

    Does NMDC is looks to be breakout in coming week. Is it good idea to take some exposure at this point of time. Your valuable views please.


    • nooresh March 7, 2012, 13:26

      Wait for confirmatory moves above 190

  • vritika March 7, 2012, 08:17

    sir,can nifty go down below 4500.

    • nooresh March 7, 2012, 10:30

      Hi vritika,

      My view is we may not see below 4800-5200 band,

  • Akhilesh March 13, 2012, 20:19

    Dear Sir,

    At present we can invest in Mahendra Satyam (Satyam Comp)

  • samit kumar dutta March 16, 2012, 10:23

    according to your advice I have accumulated godrej industries between 180 to 210. It has given me a huge return. So many thanks .

  • jitumoni hazarika March 16, 2012, 14:11

    sir what about gmdc ?

    • nooresh March 16, 2012, 15:35

      Remain bullish on the stock. Will keep a stoploss of 175

  • jitumoni hazarika March 16, 2012, 18:57

    I am holding NESCO at 653 and GMDC at 210 with a long term view..what will be the terget and for how long i will have to hold my position .Sir i regularly follow your blogs.Its exellent..Thanks

    • nooresh March 17, 2012, 13:32

      Nesco is a hold for 2 years and keep partial profit booking on rise to 670/700/750 and so on.

      GMDC would be with a view of 3-6 mths. Add around 175-180 levels.


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