Volatility is not GOOD !!!

Volatility and choppiness are not great times for traders, investors and the best thing to do is wait and reduce ur exposure to short term trades as its not much fun in such conditions .... As i say not necessary to trade every day !!!

Sensex Technical View :

The range continues for Sensex 19300 continues to hit any upmove . We would be comfortable only if we get 2-3 close above 19500 zones for a fresh move . The bounce back from 18200 has not seen much steam and magnitude. Short term longs should watchout for breach of 18850 levels !!!! The nearest support on breach is 18200 which is the previous low and in worst case the markets could head to 17600-17800 zones... The strategy is to wait and watch for clear direction on the 2 imp levels and till then just reduce ur volumes πŸ™‚

Review : Artsons Engineer does 10-12% morning move , Agro tech foods flops ... GDL stop hit , Hinduja FInance keep a stop of 550 or buy above 605 , All the other recommended stocks keep trailing stops to conserve ur capital ....

RPL as we had booking profits at 260 levels for the long term call initiated at 115 then again at 140 and 180 , and then have been saying for sometime to re enter at 190 odd levels. The stock made a low of 188 and bounced back quickly to 220 odd levels on expiry day πŸ™‚ ... As i had said dont expect quick moves from those levels but it has bounced faster then expected frm the supports... Those who have re entered should look to reduce some at 228-235 zones to conserve some gains.,.... Long term remains excellent but choppiness to continue..

As a matter of discipline always keep strict stoplosses and trailing stops to conserve ur capital and take exposures as per ur risk apetite only πŸ™‚ .. Disclaimer given on the web page πŸ™‚ too...

Stocks to watchout for :

IL&FS Venture ( 511208 ) Short term and intraday buy with a stop of 308 . High risk call and can expect intraday freeze...


The charts showing weakness and sustaining below 795 one can go short with a stop of 813 and tgt of 770 and 740 with trailing stops....

TECHNICAL ANALYSIS SESSION MUMBAI DEC 1-2 . Couple of seats left if u r seriously interested do confirm. Others interested for further sessions or queries mail to noorrock2002@gmail.com

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noorrock2002@gmail.com meraninooresh@yahoo.com

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