Sensex has support around 15000-15100 and it would be good if sensex remains in the range of 15100-15500 for next 2-3 sessions with intraday volatility ... Volatility will continue for next few days and should be used to enter over corrected stocks and be stock specific as irrespective of the volatility there would be performers in the short term ....
Thought of the day :
Never take a decision when you are angry or panicky and never promise when you are happy
JP HYDRO had been consistently recommending to be bought above 38-38.50 range and invest in it for longer run ............. It hasnt been 2 weeks back when i recommended but it dint breakout above 38.5 levels and that was the problem for the wait ...It has given a fresh breakout above 38.5 and does 42 almost 10% in 3-5 sessions which is good enough in a FNO stock ... But it still looks good for the short term and tgts are 43-50 ..All power stocks are looking good from medium perspective ...
Torrent Power , TATA Power , Jp hydro , Reliance Energy ( reco frm 590 ...now also good above 820 ) are our fav
Weird small cap ideas of late : Peerless Abasan has moved frm 28 to 68 still looks set for a fresh move , Expo gas did 36 frm 9 total gains 4 times really really weird 🙂 ... Ferro Alloys 10.7 to 13.5 and still on ckts 🙂 ... Foundry fuel a lil lackluste 9.7 to 11 only ... Harig Crankshaft 2 to 2.3 and on towards 4 + ...
Weird small cap idea :
Mukat Pipes
Another unknown pipe and tube stock which has been seeing good buying after a good run in Man inds , welspun , oil country etc.......Not gr8 on fundas but speculation and weird 🙂 can continue on circuits ...
Stocks to watchout for :
Eicher Motors ( cmp 366 )
Looks set to give a good breakout above 375-380 ...Close or intraday if sustains above 375 with volumes tgts are at 420-450 +
Educomp
My favourite stock from 350-400 levels now at 2400 man !!! ...Again on verge of fresh breakout if sustains above 2460-2480 should target 2570 -2680 levels in extreme short term
Do keep a stoploss at 3-5 % from the recommended levels and buy on breakout !!!
THOSE OF WHO ARE BASED IN DELHI OR NEAR AND ARE INTERESTED IN LEARNING TECHNICAL ANALYSIS DO GET IN TOUCH WITH ME FOR QUERIES AND DETAILS ... NOORESH 09819225396
I have not been able to handle many queries through the chatbox or other ways ... Now one good way i can do for all my readers is patiently try to solve queries in this week and weekend in the given timings...Also will try to see how we can do online conference through yahoo ...
Weekdays Nooresh 09819225396 ( 5 pm to 6.45 Pm )
Weekends ( after ( 3 pm only )
Best Regards,
Nooresh
09819225396
meraninooresh@yahoo.com and noorrock2002@gmail.com
