Its all about Panic !
The stock prices in the next 3-4 sessions could be seriously discomforting as what we are seeing is a classic case of panic.
The view remains the same Sensex 18500-18800 and Nifty 5600-5650 in the worst case is what we may see in terms of panic. And the next year would be better we may see better days starting Dec 1st week.
The Bottomline is hold what you have and buy what you can !
Regards,
Nooresh
November 26, 2010
Hi Nooresh,
Any idea, why Core Projects is falling by more than 30 % ?!!!
Thanks
Sandeep
November 26, 2010
Hi Nooresh,
Your advise is highly appreciated!cheers..
November 26, 2010
Should we stop investing in lic insurance … who knows if lic comes out with some scam …indian gov is cheating us all. .. “Indians r poor but India is not a poor country”. Says one of d swiss bank directors. He says dat “280 lac crore” of Indian money is deposited in swiss banks which can be used 4 ‘taxless’ budget for 30 yrs. Can give 60 crore jobs to all Indians. From any village 2 Delhi 4 lane roads. Forever free power suply 2 more than 500 social projects. Every citizen can get monthly 2000/-for 60 yrs. No need of World Bank & IMF loan. Think how our money is blocked by rich politicians. We have full right against corrupt politicians. Itna forward karo ki pura INDIA padhe. Take this seriously.
November 26, 2010
Should we stop investing in lic insurance … who knows if lic comes out with some scam …indian gov is cheating us all. .. “Indians r poor but India is not a poor country”. Says one of d swiss bank directors. He says dat “280 lac crore” of Indian money is deposited in swiss banks which can be used 4 ‘taxless’ budget for 30 yrs. Can give 60 crore jobs to all Indians. From any village 2 Delhi 4 lane roads. Forever free power suply 2 more than 500 social projects. Every citizen can get monthly 2000/-for 60 yrs. No need of World Bank & IMF loan. Think how our money is blocked by rich politicians. We have full right against corrupt politicians. Itna forward karo ki pura INDIA padhe. Take this seriously.
November 26, 2010
lic insuance will spoil all lifes in india
November 26, 2010
Hi nooresh,
do u think it’s a good time to buy jmc and modison metals with a 2-3 month horizon????
November 26, 2010
Sir,
What is ur current view on RIL ?
I plan to buy ..
pls let me know entry level , stoploss, target of RIL
November 26, 2010
Your current advice abt Ion exchange. please let me know if i can enter at this rate of 165+ or wait for further dip. If yes, what is the target and SL.
thanks
November 27, 2010
Hello Nooresh Sir,
Please recommend some good stocks to buy for the horizon of 3-6 month with medium risk grade.
Thank You
November 27, 2010
Hi Nooresh,
Can I buy Prakash Ind at this level or should wait for more correction?
Thanks.
November 27, 2010
sir,
kindly suggest some good picks now
regards
Anjali
November 28, 2010
Hi Nooresh,
Following your blog from some time.
Something i have noticed in the derivative statistics is that there is a considerable open interest in the 5600 PE and 5700 PE. Option writers have been writing these puts aggressively and thus i expect nifty to get strong support at these levels.
Similarly on the upside the 5900 CE and 6000 CE has seen huge open interest build up. so for nifty to give positive signals i think it must trade above 5900.
Also the current fall in dec nifty fut is also accompanied by a decrease in open interest. This usually signifies that the fall in nifty is due to long unwinding and there is no build up of shorts.
November 29, 2010
Hi Ankush,
I dont look into derivative stats but this is more a case of a profit booking as well as the trickling effect. The last move from 18.5k to 21k was aggressive coz of short covering and this seems the other way round.
Yes 5900-5950 now remains a band of resistance we might get into a consolidation it seems.
November 28, 2010
Hello Nooresh,
Hope you are doing good..
Whats happening currently? Many of the midcap stocks are beaten down to death.. A loooot of them are at their 52 week low or way below it.. Does this points out to something ? Every level is being taken out slowly..
Above all, I can see only a very small figure of money been taken out by FII.. What in case they started doing it aggressively?
November 29, 2010
Hi Arun,
Well its a case of a much needed correction getting extended with a mix of announcements. But this 1-3 months will create a strong base for the longer term bull market.
Any excess created have been removed quite early. Although in my previous presentation had looked into a 10% cut on index and then a bigger rally but did not expect the Midcap sector to crash ! …
Expecting better days from Dec 2nd week as majority of corrections have lasted 20 odd sessions we are through 15
November 29, 2010
Thanks for the guidance Nooresh , let me adhere to it..
November 29, 2010
Sir,
I am bit confused wether to invest in stock and if yes which stock with a holding time of 2 to 3 months time.
November 29, 2010
whats your take on Power Grid now.
please give “short,Medium & long term views”.