Although i am not done with the analysis this is just a quick view on the down moves and time analysis.
Similar analysis helped us in finding bottoms at 15300/1550 last two times. So next 1 week could be buying time with a strict stoploss on index.
Would be out with detailed technical view and possibilities in this week.
Also you would like to view the previous posts on the bottoms
The above two posts are a must read…. Btw Hindalco and Tata Steel rocking 🙂 …. Watchout for MNM tomorrow.
May 10, 2010
nifty viwe my position is sell nifty & sell dlf……..?
May 10, 2010
Hi herry,
Sell around 5225-5250. Buy around 5150.
May 10, 2010
Hi,
I have been following your blog from quite some time. It’s really interesting to go thorugh your analysis. I would request your views on Tanla solution which is beaten down to it’s 52 week low value. Is it right time to enter this stock for time range of 3 to 6 months and look for some 20 to 30% profit?
May 10, 2010
Hi Mahantesh,
Thanks for the appreciation. Well we did get a stoploss hit some time back. 52 week lows are difficult to gauge and 20-30% movers are available s of now in the broader market.
Cheers,
Nooresh
May 10, 2010
Hello Nooresh,
I would like to solicit your advice on the prospects of my positions in IDBI,KSK and balaji amin.Can i buy National steel for medium term?
May 10, 2010
Hi Neena,
IDBI remains a good hold and buy. KSK can look to exit on rise to 200. Balaji Amines is a good long term story and will take time.
Cheers,
Nooresh