Sensex Technical View:
Markets have staged a pullback today but the pressure would remain for the next few sessions with huge volatility. Good thing is 15900 is holding up.
Continue to be on long side with medium term view for a bounce back.
Stocks like Hindalco and Sesa Goa can see a good bounce back in short term. Buy around 140 and 310.
Fortis Hospital at 135-140 seems a good entry point to re-enter if booked at higher level.Fresh buying can also be done at current levels for long term investors
ITC can give a good move if stays above 275 or buy around dips to 260.
TECHNICAL ANALYSIS TRAINING SESSION MUMBAI on MAY 29-30
now at a huge discount
For more details download the pdf for details.
May 27, 2010
Hi Nooresh,
Kudos to your analysis once again……15900 was comfortably held and the market bounced back.I hope we respect the same levels in coming days too.As informed you earlier,i have Areva future which gave a very strong bounce back today.I just wanted to solicit your advice that can i hold it for long term if you see its target around 340 plus or else should look exiting it if i get my entry level?. Kindly advise as i can hold it even if again it comes to 240 levels as i have already paid the MTM.
May 27, 2010
Hi Neena,
I do expect 16800/17400 on Sensex in near term. Areva hold on for 1-2 mths should see higher levels again.
Regards,
Nooresh
May 28, 2010
Thanks Nooresh.
May 28, 2010
sir,
Your advises are help full to investor like me. I plan to buy mid cap privt. Banks.
DHANALAKSHMI BAK is trading at PE of 40 , KARNATAKA BANK is of PE 12 and LAKSHMI VILAS BANK is trading at PE of 11,
So pls let me know which is the best pick among them ?
Regards
SIVA PRAKASH
May 28, 2010
Siva,
All the 3 look good. So spread it.
Regards,
Nooresh
May 28, 2010
FANTASTIC SESA GOA & HINDALCO AND WHAT ABOUT MAHINDRA UGINE
May 28, 2010
Hi Satish,
Hope u made good gains on the same. Mahindra Ugine is a good long term story hold.
regards,
Nooresh
May 28, 2010
Dear Nooresh,
What is your call on Rohit Ferro. It reported an excellent result for teh march qtr. EPS of 4 for the qtr and yet the price fell from 60 to 42.
Also their expansion is kicing in from this month so probably their profits will be higher for the june qtr if ferro chrome prices stay stable.
Looking foward to your views (technical & if possible fundamental)
May 31, 2010
Hi Meetesh,
I will look into the stock. The current fall is because of the drop in ferro chrome and metal prices.
Regards,
Nooresh