Sensex Technical View:
Last few bottoms can be seen around 19800-19850 which has not been broken. On the upside 20700 seems a resistance zone. So maybe index may get ranged with stock specific moves.
Some Quick Technical Charts :
CIPLA : Can the stock give a sustained breakout above 355 and head to 400. Will need to watch for a few days
TATA CHEMICALS:
Above 440 one can take a quick trade in the stock
UNITED PHOSPHOROUS:
Finally after a few months of consolidation the stock has given a nice breakout. Expect a move to 212/225/250 in short term.
Recommended to clients today at 200.
FAIRFIELD ATLAS:
Seems an interesting techno funda pick at current levels. Investors can keep a watch for a quick 20% move.
BASF :
A possible trading opportunity for 40 bucks.
Some more stock talk and market buzz:
MTNL seems to be gathering a lot of punter attention. Buy the stock above 71 for a quick move.
JM Finance buzz of stake sale at 70 bucks. speculative buy at 43-41.
Midcap Banks like City Union Bank,Syndicate Bank, IDBI Bank and some others which have not moved much may get into momentum soon it seems.
Amarjyothi Spinning Mills and Donear Inds look ripe for a quick 15% jump in textile segment.
Camson Bio and Fedders Lloyd deserve a fundamental check at current levels.
K S Oils looks interesting for a turnaround and the stock maybe headed to 60 + levels.
Market Buzz and Rumours - ( Dont consider it to be a buy or sell recommendation - It is just market voices and gut feel - Please do your own research )
Orchid might be a takeover candidate and could see a spike to 350.
Piramal Healthcase may
Guj Pipavav/Eros Media/Talwalkar from the newly listed segment may see explsosive moves in coming months. High risk traders can keep a watch.
Bedmutha after a superb run may go the thinksoft way on lower freeze.
Smart accumulation being heard in Bombay Dyeing which may turnout to be a multi-bagger.
EKC may soon come out with an announcement of a plant selloff.
Smart investors seem to be getting a liking for Mirc Electronics,Smart Link, Everest Inds, Greenply Inds,Monsanto.
Oil and Gas stocks like HPCL, BPCL,ONGC as well as Reliance Inds would be the next sector to watch for surprises.
Essar Oil may surprise with a big move in next 2-3 months with some positive developments.
High risk traders can buy RAMSARUP Inds with a target of 50% rise in next 3 months. High risk high returns
TECHNICAL ANALYSIS TRAINING SCHEDULE
After a break of sessions outside Mumbai we are back with a string of training programs to be conducted in your city.
MUMBAI – OCTOBER 23- 24 ( book seats at the earliest as limited batch size )
HYDERABAD – OCTOBER 30-31 ( few seats left)
MANGALORE – NOVEMBER 13-14
AHMEDABAD – NOVEMBER 20-21
For more details regarding group discounts or to organize a session in your city get in touch with our Technical Training Head – Kazim – 09821237002
Regards,
Nooresh
October 22, 2010
Mumbai, Ahmedabad, Manglore, Hyderabad… No Delhi ?? :((
October 22, 2010
I have sent a mail to analyseindia@gmail.com requesting info on delivery gains. can u please reply…
October 22, 2010
Hey Nooresh,
What’s ur view on Megh’Mani’ Organics? I’m looking at it from mid term prospective (12 to 18 months period).
Cheerz
Gaurav
October 22, 2010
Hi Gaurav,
One could look into the stock on any dips beyond 5-10% to slowly add.
October 22, 2010
Hi Nooresh,
I am a regular reader of your articles. I must say they that are not informative but also serve as good piece of guiding material for TA learners like me.
I today’s article you have mentioned that new listings like Talwalkar may see massive upward movement. Actually the stock seems to be consolidating in 223-235 range for quite some days. Can u plz explain ur view by a chart for the same.
Thank You.
October 22, 2010
Hi Nidhi,
Thanks for the appreciation.
Talwalkars is more of a gut feel and buzz 🙂 less of technicals.
October 23, 2010
hello nooresh
i read your articles from last year but this the first time i am leaving my comment , i always go through ur research and i also do my own research , i really feel the details given by you really works out for me many stocks i have bought as per your guidance and that has earned me a lot .. and i always keep following u.
now i have question for u ? i have bought jupiter bioscience for rs 92 only 500 shares what is your view on this stock
October 23, 2010
Hi Nooresh,
I want to know about Bannari Spinning Mills Ltd. bought @Rs.150(2000shares)Please give me targets fundamentally& technically. Can it go to Rs.200 in short term.
October 25, 2010
Hi Vivek,
I dont track it.
October 23, 2010
hi nooresh sir,
i was searching mr. tushar sompura after a very long time, as he i find the best analyst for me till date. here i found you and u impressed me sir, congratulations for such accuracy.
i have GSPL @ 120 and i can hold for next 3 months.
i also have MAGNUMVENTURES @ 12.51 (its high rate) i feel i got stuck in this stock , plz suggest me what should i do to escape from loss.
i also have 1000 share of NHPC@32 and i can hold this share for atleast 3 yrs. according to your view how much return i can assume in this stock.
thanx in advance for ur reply.
regards,
varun
October 25, 2010
Hi,
GSPL is a long term story but short term could range between 110-140.
Magnum i dont track.
NHPC for 3 yrs is good
November 8, 2010
sir,
wat was the result of the one week trial given by you, will u provide all the calls with result and the final profit/loss amount.
November 8, 2010
Hi Varun,
If you have received the trial you would no the performance and then u can decide.
October 24, 2010
What is the best way to communicate to you guys other than phone? Mails to analyseindia@gmail.com seems to have long wait time….
October 25, 2010
Hi Suman.
Add me on yahoo meraninooresh
October 25, 2010
hi Nooresh,
Do you still recommend hold on Rico Auto and Andrew Yule?
bhanu
October 25, 2010
Hi Bhanu,
Rico Auto and Andrew Yule will test patience.
October 25, 2010
NOORESH JI,
CAN WE BUY RAMSARUP INDS AT CURRENT LVL.,PLS ADVICE / GUIDE ME IN THIS RGRDS.
REGARDS
PRATIK
KOLKATA
October 25, 2010
Hi,
Well its a high risk high reward bet.
October 25, 2010
hi nooresh!!
I have bought Fairfield Atlas @ 80.20.what would be the SL for Fairfield Atlas as its not mentioned in your technical pick?
Thanks
October 25, 2010
Hi Kunaal,
Keep a stop of 75. Do fundamental reading.
October 25, 2010
Nooresh,
any call on Astra Micro and Kalpena ind? they are lingering at the same price as you recommended in Aug.? can these be entered?
October 25, 2010
Hi Bhanu,
Both companies are excellent but underperformers. Downside is limited
October 25, 2010
Nooresh,
Please provide some diwali tips for us
October 25, 2010
Hi trader,
Let diwali come.
October 31, 2010
hey Nooresh,
I am holding JM financial at 46 when there was a rumour…But the co has declined all rumours>>>so can i book my loss or wait
November 1, 2010
Hi Atul,
Never buy on announcement of a rumour 🙂 … Hold and add at 38-39
November 1, 2010
Should JM be bought nw????????
November 1, 2010
Hi Atul,
Seems a buy at current levels.
November 2, 2010
hey,
Any reasons behind upmove of relmedia??should we buy this underperformer?
November 3, 2010
SIR,
BASF TRADING ABOVE 702 CAN IT BE TAKEN AS A BREAKOUT OR IF IT CLOSES ABOVE 702 WE SHALL TAKE AS AN INDICATION OF BREAKOUT.
November 3, 2010
Hi Vijay,
Yes it seems a breakout stop woul;d be 675