19700-19800 are major supports !!

Sensex technical view :

Sensex has closed below 20500 and this hampers any fresh upmoves and ideally major supports in the range of 19800 should be tested and consolidations could be seen near to that zones. As 61.8% , ema and line supports in the same range so the level to watch is 19800 in coming days. Be extremely stock specific ...

Strategy :

As we had cautioned many times earlier that leverage, pennies , margin trades for short term players be reduced to minimal levels. Still the same view continues its not necessary to trade everyday and be a forced trader. Markets do open at 9.55 doesnt imply u also start trading..... Thats why no trading calls for now , will wait for better days to get back πŸ™‚

Investors can look for stock specific opportunities on dips and should go in a slow and steady accumulation in small lots. Buying alll the quantity at one stroke is not smart investing.

There is no need to panic as over the last few months many portfolios might have performed 50-200 % and booking some losses out of the accumulated profits or seeing a dip in ur portfolio makes u realize the importance of discipline and use it to strengtheen ur strategies ahead.

Investment picks to be bought on declines but with 1 yr view :

Gremach Infra, Viceroy hotels, GTL Infra, Core projects in the large caps Mundhra Port , SBI and other banks .

TECHNICAL ANALYSIS SESSION ( batch zie less then 10 )

BANGALORE JAN 19-20 . ( 2 seats left )

PUNE 1 week of FEB tentatively . Interested people do get in touch quickly ...

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Best Regards,



noorrock2002@gmail.com meraninooresh@yahoo.com

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