Sensex Technical View:
There is no change in the technical view for Sensex. In simpler words it remains that index should remain range bound within 19750-20800 in near term.
Medium term outlook remains positive with upsides upto 22500 or more.
For a change after consecutive Diwali days which were not very positive trending but this time around we have a good trend coming into the current one though the next 1 year is going to be full of opportunities but on either side with big moves !
Stocks to watchout for :
Eimco Elecon mentioned day before did a 20% move
Siemens recently gave a false move above 860 but cracked after that . It needs to be seen
ICSA:
The stock gave a breakout at 138 levels where a buy initiated with partial booking at 148 and will next book fully at 160.
Nice example of a breakout trade though it was very quick !
Maintain an investment view on Ballarpur Inds and buy on declines.
IDFC can give a quick move to 215-220 in short term. Disclosure buy reco at 203-204
Dish Tv has given a breakout today and may head to 66-70 in next 2-3 sessions. ( Buy given at 60.5 today )
Pradip Overseas, Welspun India and Escorts look interesting bets for next couple of weeks. Follow a simple rule 1:3 risk reward.
GNFC has given a breakout today and should slowly head to 150
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.
MANGALORE – NOVEMBER 13-14
AHMEDABAD – NOVEMBER 20-21 ( confirm at the earliest )
Call Kazim 09821237002 to confirm your participation and for any queries.
Regards,
Nooresh
November 4, 2010
sir,
Can u suggest some picks for this Diwali ? which can be multibaggers for next one year ?
November 4, 2010
hi Nooresh,
wish you a very happy depawali. Quick question, is Punj worth looking at and your view on COAL india for long term.
thanks
bhanu
November 5, 2010
Hi Nooresh!
IDBI, DISH TV hit Target. Great ….Pl tell me about Fairfield Atlas. Should I keep any stop loss in this case ?
Thanks,
Nirmal
November 5, 2010
Hi Nirmal,
Remain invested in Fairfiled
November 5, 2010
Nooresh
Whats your take on Elecon, PSL and Empee distilleries? Good companies but are not moving.. When will midcaps start moving. This rally is just for the nifty stocks??
November 5, 2010
Hi Mahendar,
Midcaps should start performing in next few weeks it seems.
As of now its all Nifty
November 5, 2010
A very happy diwali to all!!
Wish this diwali brings lot of light, happyness and wealth for you!!
November 5, 2010
When everybody is bullish upto 6600-68oo in nifty, you say sensex range bound in near term between19750 & 20,800.
Have you changed your view after 4th CLOSING?
November 5, 2010
Hi Madhu,
Well as i have said my medium term view has been 22500 which stays. Near term breakout above 20800 could take it to 21200/21600
November 5, 2010
Wish you and the entire analyse india team a very happy, prosperous and safe diwali!!
November 8, 2010
Thanks for the wishes
November 6, 2010
Wish u a very Happy Diwali and Prosperous New Year !!! Unable to browse analyseindia for Diwali picks 🙁 … I want to buy gold for longer term . Haven’t updated on gold for a long time now .. Last time u mentioned to buy gold arnd 1170 and it did more than 1250 and now it is at 1400 … can gold go to 1650 or 25000 by next year
November 6, 2010
Wish u a very Happy Diwali and Prosperous New Year !!! Unable to browse analyseindia for Diwali picks 🙁 … I want to buy gold for longer term . Haven’t updated on gold for a long time now .. Last time u mentioned to buy gold arnd 1170 and it did more than 1250 and now it is at 1400 … can gold go to 1650 or 25000 by next year or is it better to invest in silver as it has outperfomed gold with more strength
November 8, 2010
Hi xywz,
I had posted about Silver instead of gold which did 25%
November 6, 2010
Can you give me your views on Punj LLoyd and Suzlon Energy??? Target Medium term.
November 8, 2010
Hi Dhiral,
M more comfortable with Punj Lloyd
November 6, 2010
hi Nooresh,
Please comment on Sicagen India Limited. Many be a next multibagger 🙂
thanks
bhanu
November 8, 2010
Hi Bhanu,
There has to be some reason for why the stock is not performing. The last i looked into the stock at 15 bucks a year back