12300 and 13300 remain crucial levels ....Its better to be stock specific currently as good moves are expected in particular stocks...results are awaited i dont expect major surprises in biggies results...
Steel stocks ran as expected ...We remain very bullish on this sector in a medium term to longer term perspective short term jump is very obvious ...Autos we remain negative on Hero Honda could be one of the biggest losers technically ...
Cements we had written on thursday about strength buildup now all people will start talking cements soon ....Pain is over or gain is in ???
MIDCAPS will rule the next rally ( written last monday ) maintain the view....( aint we too stubborn ) ...Valuations and technicals supporting a good bounce...as we had said at 1st hit at 12300 now wedges n pennants forming and a bounce on break we took a 1000 point leap ...Similar formations cropping up in good midcaps....
Trading picks :
Abb above 3640 tgt 3750- 3790
EDUCOMP can do one more circuit at least intraday ...
Crompton above 204 tgt 215-225 ...Orchid above 272 buy as much as u want if u can take a little risk...
Investment Stocks :
New entrant :
GREAT OFFSHORE :
Another biggie in the oil drilling segment and is increasing its fleet day by day ...Have not been emphasizing it much coz technically the stock did not change trend yet ....Now trend has changed any time explosion will show chart tomorrow...BUY our oil drilling stocks like SEAMEC , ABAN , ALPHA GEO and this one only if u wish to never sell it or hold for long term ...U can use volatility to book and re enter to ease ur finances , but never get out of it ....Huge portfolio weightage be given to this please if u wanna make big money multibaggers ( eg ABAN nearly double frm levels doesnt mean u book profit...) ...
Regards,
Nooresh
9819225396
( CALL TO JOIN TRAINING SESSION THIS WEEKEND IN MUMBAI ltd ppl only)
nooresh.merani@yahoo.com or meraninooresh@yahoo.com will be used from tomorrow on yahoo messenger ....
noorrock2002@gmail.com ( mail here )
