Sensex struggling at 20k again!!!

Sensex technical View:

Sensex continues to struggling at 20k again . Till the markets dont close below 19100 or 20200 we should remain in a range bound index moves . As repeated for last 2 weeks dont let sensex be ur trading decider and used it to make use of super moves in the general investors segment i.e midcaps and small caps...

People believe mid caps and small caps running is a sign of an inevitable correction and it has always been so in previous years . But only thing this time is the segment did not perform with the big bull rally so money was bound to find better locations ..... Only thing is when everything runs in a mid cap, small cap and even micro cap rally every investor tends to get optimistic and picks up any tom dick stock. Always follow the basic when there are such situations go for quality stocks and if momentum is there ride it to irrational levels also πŸ™‚

Review :
Friday made a whole lot of posts ...

All the 3 ckt hitters moved up well giving excellent intraday gains Andhra did 10% , meghmani 15% , Chemplast 20%%

IOC did tgt of 650 ,

Ballarpur rocked with 149 to 174 in 2 days !! Balmer Lawrie did 20% same day !! Bayer and yes bank stable . Plethico , sterlite opt and ds kulkarni are buy on declines for medium term gains...

ROHIT ferro recommended few days back at 64 does 20%%% upper freeze today at 79 book more then half tomorrow ...Wire and Wireless 47 to 59 , HOCL small move, Shiv vani and great off slow n steady Syndicate going towards 125 tgt πŸ™‚ , Alpha Geo rocks to 800 our initial cll at 150 now also said at 550 , Asian Oilfields also 140 ka 195 .............

Stocks to watchout for :

Mudra Lifestyle

Another Lifestyle stock which has been a laggard after the ipo. The stock has seen good accumulation. Investors who like the stock on fundamentals can buy on declines to 78-80 with 76 stop. Ideally a good biuy above 86 for a quick tgt of 100++

J B chemicals looks good to take small exposure for a bottom bounce to 75 and 85 with a stop of 64 .

RTS Power 531215

Another good stock in the electrical transformers and power related segment which has not seen a fresh move . Short term traders can buy on every decline for 15-30% gain in 1 weeks to 5 weeks.

CAIRN above 230 and IDBI on declines till 174 are good positional 2 weeks leverage plays....

DOWNLOAD OUR OLD PRESENTATION AND SOME INTERESTING CHARTS !!! SENSEX to touch 45k -77k by 2018 .....Presentation given at 8k by us ....

TO SUBSCRIBE to our recommendations check for the details.TECHNICAL ANALYSIS SESSION DELHI NOVEMBER 17-18 .SERIOUSLY INTERESTED PEOPLE CONTACT NOORESH 09819225396 for details

Best Regards,

Nooresh 09819225396

Leave a Reply

Your email address will not be published. Required fields are marked *

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