Sensex Technical View:
In the last 1 month there have been no of bottoms around the 19800 mark. The fibonacci retracements are placed at 19400/19000 which could be good entry points for an index trade.
So till we dont break 19800-19750 on daily basis we can possibly see a bounce.
Medium term outlook remains positive and we would review around 19400/19000 or when we cross 21200 till then its time to be highly stock specific.
Nifty Futures Premium 80 points.
Every expiry nowadays has been exciting with lots of Option writers or Rollovers being badly caught. In the last 30 mins yesterday index saw a huge crack but future prices for November did not see any drop so premium in Nifty was at one point of time 80 points.
October 29, 2010
hi nooresh,
can u plz explain for benefit of all that wat was the reason and logic behind such premium, this was never seen before
thanx
October 30, 2010
Hi Nooresh,
Please give your view on the following :
1. Tinplate
2. UniPhos (SL HIT),
3. Piramal Glass ( ST Hit)
4. Pipavav (Book Profit @ 86/- ..can re-enter?)
5. Lokesh Machines..again available at 62-63 level
Thanks,
Nirmal
November 1, 2010
Hi Nirmal,
Tinplate no view. Uniphos waiting to add at 190 if comes holding on to it. Trade was 200 buy sell at 212/218 re-entry 204.
Piramal Glass short term stop got hit but have a medium term buy holding on.
Pipavav sold at 86/92 now re-entry slowly
Lokesh Machines add on dips.
October 30, 2010
Hi Nooresh,
Is it good to buy Apollo tyres at CMP 71?
Thanks,
Sunil
November 1, 2010
Hi Sunil,
Can give a bounce in near term.
October 31, 2010
Dear Nooresh,
yes Nifty is still running in high premium and if this inverted head and shoulder then it will go back but What is your take on Reliance Industries after their result yesterday. Will it not support market with results it has given .
Also I am looking to know on Infinite computer solution, how is technicals placed.
Thanks
Praveen
November 1, 2010
Hi Praveen,
Well the range for index remains at 19800-20800 for some time.
Reliance is a buy on every dip.
November 1, 2010
Hi Nooresh,
What levels do you think one can get Reliance at? Do you see it coming to about 1000 levels in the near term? I want to enter, but unsure of by what levels to start getting in. Can you please suggest?
Regards.
Sunayana.
November 1, 2010
Hi Sunayana,
One should SIP into the stock.
November 1, 2010
Hello nooresh
in one of my previous posts u mentioned modison metals was a good buy at lower levels u think it’s a good play with a 3 month horizon … It’s at 30 today
November 1, 2010
Adit,
The stock did a good upmove after that. Its a good bet provided you are patient