The previous view at 18k which was presented in August 2010 which gave a target of 20500 in next 2-3 quarters and as always targets have been achieved in a quicker manner !
As i had mentioned that i would come out with a detailed view as and when we touch 20500. So here i am with a fresh view which is cautious but not Bearish at all in the medium term.
Well the presentation i suppose would be simpler to understand. Click on link below to download.
Sensex at 21k - Cautious doesnt mean Bearish
i would suggest readers to pass the link to this website which is updated for last 4 years regularly with almost a post every day ! and providing honest/ precise views on Stocks/Sensex/Commodities and lots of gyaan be referred to their friends/colleagues and whomsoever who can benefit from the views posted here.
At the same time would urge readers to comment on the views posted for a healthy discussion.
Also tomorrow would be posting another Small Cap Coverage Pick - H.. .... which has been recommended to Delivery Gains clients recently.
Cheers,
Nooresh
09819225396
October 4, 2010
Hi, Nooresh,
I think India is in a very good bull market and we will see higher levels in
the market. My presumption is on below points.
– India’s own consumption theme
– The way we handled the credit crisis.. no major company got effected
very badly except for a normal slowdown
– We didnt take more than a year to recover what we lost (be it index
level, growth, corporate profitability etc.)
– No major growing market in world
– indian people are still underinvested to a very large extent
– currently everyone is just waiting for the correction to happen and it
may turnout to be the main reason why a meaningful correction is difficult
I would like your views on the same. The reasons i have mentioned are broad
reason and i have purposefully excluded the valuation bec no one can tell me
what is the fair value of the market and how many years in past market have
traded on fair value basis!!!
I would like you to give me your expert comment on the following stocks
– Godfrey Philips: second largest tobacco player. small equity and
smaller float. product includes from bidi to cigar.. retail stores and
chewing tobacco. trading at appx 20 time past earnings
– Hikal ltd: a chemical company, good track record and management.
Available at very reasonable valuations
– Jyothy lab: all brokerage now covers it but the major shoot up may come
if the company gets the contract for the DRDO product which will change the
fortune
– Precision wires: A company whose products are used in the white goods
segment. very good management and dividend history.
In case you want we can discuss at length abt any of these company and find
out the true potential.
October 4, 2010
Hi Nooresh
Excellent posting as always.I suppose the short term uptrend will continue for 2-3 weeks more, after that we can expect healthy correction.Although stock specific action to continue.Dlf is a good bet like you said.Another stock i would like to bring to your attention is Essar Oil.Some cyclicals are pointing better times.
Regards
UB
October 4, 2010
Hi UB ,
DLF was discussed at 340s 🙂 for 400.
Essar Oil i dont understand
October 4, 2010
Nooresh,
Excellent Analysis, keep up the good work.
Rakesh
October 4, 2010
Hi Nooresh,
Very good analysis as always.Hats off !
Recent/swift upmove from 18K to 20.5K which happened on Sensex does not seem to have much impact on midcap/small caps as I don’t see much of price action in those counters.Any thoughts on that ?
October 4, 2010
Nooresh bhai,
once again…you rock man..excellent analysis and presentation.
Thanks again!!
October 4, 2010
Hi Mihir,
Thanks. Btw training session in Bangalore on October 16-17
October 4, 2010
Dear Sir,
Fantastic…..work
October 4, 2010
Thanks Mohit
October 4, 2010
hi nooresh……you are great great analyst….i hold time techno as u suggested as strong technical pick 1month before..so whats ur view now on it….
October 4, 2010
Hi Kunal,
Market is great 🙂 and supreme no one else is.
Time Techno stopped out
October 4, 2010
Hi Nooresh,
Any chance of training session in Pune?
Thanks
October 5, 2010
I can’t open the file. Isn’t there a summary easier to read?
October 6, 2010
nf is going to crack dear… 5700-5489 possible in coming days…take care
October 7, 2010
Hi Veerapan,
Thx for ur warning