The last drop from 21100 to 19500 was very fast and above all did not expect the correction to be so quick but it is more of a healthy correction.
The medium to long term bullish view remains intact. Even though short term there could be very volatile.
The view in a nutshell.
The ideal case : Sensex finds a bottom around 19200/19500
Worst Case: Sensex finds a bottom around 18500-18800.
Long term target for the next year remains at 22500.
Strategy: The current move is a healthy correction and investors should look for slow buying at current levels with a medium to long term view. Short term concerns and volatility will remain and test patience for next 2-3 weeks.
For the detailed reasons and stock specific picks for short term check the presentation done at a seminar in Ahmedabad.
Regards,
Nooresh
Analyse India
November 23, 2010
hi,
I want to buy uniphos so at what rate i should buy? i can hold for 3 months.
Is this can be buy recommend frm your side or not . Pls advice me on this. If possible pls mail me charts as u post for all other stocks.
Thanks
Jigar
November 24, 2010
Jigar,
The stock seems a bounce back from current levels
November 23, 2010
nICE pp OF AHMEDABAD= MISSING AUDIO IN THAT pP
November 24, 2010
Hi milan,
No video done 🙂
November 24, 2010
SIR HOLDING HIND OIL EXPO @275 AND EASUN REYRL @ 141. CAN THESE STOCK BE HOLDED FOR 6 MOTH WHAT WOULD BE THE TARGETS?
November 24, 2010
Hi Sangram,
You can look to average both of them and hold for 320/ 160 in 6 mths
November 24, 2010
Sir,
What is your view on Shree Ganesh Jewellery House Limited?
November 24, 2010
Hi Nooresh,
How much the housing finance scam can impact IDFC, IDBI from here?
I am invested in IDFC and planning to buy IDBI.
Any level to buy IDBI and any level to average IDFC (my cost 192).
Regards,
Rajesh