Sensex Technical View ;
As was being said in last few days rebound could be seen to 19000 levels. Markets touched the 61.8% retracement . Only on sustaining those levels could we see 19700 levels. Strategy is if people who are stuck or over leveraged from higher levels should reduce . Buying to be done on dips in good quality stocks which have over corrected.
All the world indices bounced back 5-8% as expected . Sensex gave a rebound of 1000-1200 points from the time the charts were posted 2 days back. Still more is left but with volatility and dips.
Banks is one sector i continue to like and are the best bets on declines. Canara Bank , Central Bank, PNB , Ktk bank DCB all of them look good with a 1 yr view. Accumulate on dips. Pick the ones u prefer.
Stocks to watchout for :
Ispat , nagarjuna and others previously covered as buy on dips have moved up a bit and one should book profits at 10-20% gains and wait for dips.
Peninsula Land , Pennar Inds , Hind Oil exploration are good funda bets which have come to nice levels for investment with a view of 6 months and 20-40% gains. Accumulate slowly on dips from here.
TECHNICAL ANALYSIS SESSION MUMBAI FEB 9-10 .
The course is designed in such a way that u need no knowledge of technicals or fundamentals just brief idea of mkts. The course is meant to train and make people independent and be able to analyze the way we do it in a simple manner. All those who are really interested in learning the analysis can get in touch if they have any queries . Nooresh 09819225396.
BEst Regards,
Nooresh
09819225396 ( after mkt hours 😉
noorrock2002@gmail.com
