19400 if sustained can test 20k …..

Sensex has given a promising move on friday and closed above 19300 which is a good sign ... Above 19400 for few days can actually test the crucial 20k levels .... Sensex and nifty have tested the 50 dema levels in the previous correction .. As per all the previous moves bounce from 50 dema or 200 dema should be of bigger magnitude and in a matter of less then 3-5 weeks should make newer highs or if it doesnt then its a very weak sign .... Strategy is watchout for 19800-20000 as it needs be broken convincingly to expect a very good year end 🙂 Reliance is the stock which can set the momentum .....

Review :

Avantel Soft given on FREE sms also does 20% freeze at 96 given at 80 odd 🙂 hold on for more or book partial above 100 + .... IL N FS does 10% freeze hold with trailing stop for 360-400 also on higher side... TISCO doesnt break 795 so no trigger...Ispat does 50 + again from recommended levels of 18 and 32 now the world talking about it 🙂 ... I continue to maintain my 1 yr view on the small cap steels segment to be multibaggeres namely Sun Flag , Ispat , Vikas Metals , Southern Iron etc .....

Some technical Views :

JSW steel , Hinduja Tmt , R systems intl charts posted in the blog below ....

Long term investors can read the DIWALI newsletter posted to our subscribers on 5 th November quite some time before diwali .... Many of the stocks might have appreciated from the recommended levels but there is much much more left in the longer run ....

INTRA DAY CKt Hitters

MID DAY Multimedia ...

The stock has given a good breakout on weekly charts ... Buy for extreme short term tgt of 70 and 85 .... for day traders can buy on opening bell with 58 stop for intra freeze

Technocraft and Sel manufacturing for risky day traders who can see 5% loss and stand for 10-15% gains 🙂

Weird Small cap Idea :

Noble Explochem

The stock might have been written about earlier as well ......Now some facts... 14000 acres and 15 lakh jetropa plants done in sept 2005 ..... So gestation period can get over soon and the Bio diesel story could pan out in coming months.... DO ur own research and take exposure as its a high risk bet ...

Some very speculative lines _____not buy or sell calls :

RNRL , IDBI , JSW steel could be the stocks for this month .................. And the unexpected heroes Reliance , Neyvyeli , GMR infra............

LOK Housing could see better days in coming days after being battered for a long time...

Sugars can come out with astonishing moves in next 2 weeks any time blast .... ( disclosure BTST suggested in Bajaj Hind at 202 , Balrampur at 97 booked more then half already )

TECHNICAL ANALYSIS SESSION --- People interested for further sessions or queries mail to noorrock2002@gmail.com

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Best Regards,

Nooresh

09819225396

noorrock2002@gmail.com meraninooresh@yahoo.com