Sensex Technical View:
In our earlier post had mentioned that if Sensex holds above 18200 on thursday and friday then it could lead to a bounce back.
On the upside now 18800-19000 remains an important resistance.
LNT looks a possible bounce back candidate to 1600-1650. Can buy on dips with a stoploss of 1495.
Future Ventures the new issue is now trading at 10-12% lower then ipo price. It will get interesting if goes to 6-7 rs.
Smartlink an interesting idea was discussed at 70 levels has jumped to 87 seems company may announce dividend or future plans.
Tata Steel can also be a bounce back candidate with triple bottoms around the zone of 580. Can give a movbe to 600-615 in short term.
We discussed a lot of technical topics as well as the possibilities on Sensex , Commodities and stock specific ideas in the webinar on Sunday.
Those who could not attend can download from the below link
https://www.4shared.com/file/aWFluNDS/634404205234271250.html
Regards,
Nooresh
May 10, 2011
Hi Nooresh,
i have down loaded the .exe file of webnair but don’t know how to open it.pls help me out.
regards
surjeet
May 10, 2011
Bank of Rajasthan & CESC chart sense please ?
May 10, 2011
Hi,
Nifty Chart
I cannot fathom the kind of resistance trendline drawn here, it joins nothing to nothing, but just hooked onto a protruding whick of a doji.
Let me admit this is first time ever I am missing the chart drawn by you.
Maybe a resistance line joining black tops of feb 18 and Mar 4 and extended rightwards ( these dates are approx.)
May 11, 2011
Hi Sandew,
Its just a line of the previous bottom being around 5690 which will now resist any upmoves 🙂
May 11, 2011
Dear Nooresh,
can i average Hinduja Ventures and Rico auto, also prakash Industries once up on a time reco.
thanks
bhanu
May 11, 2011
Hi bhanu,
I would prefer to put fresh money in performing stocks.
May 11, 2011
hi Nooresh,
can you suggest a few?
thanks
bhanu
May 11, 2011
Nooresh,
Wats ur take on sugar stocks like Sakthi sugar and sector overall and please give your view on FSL.
Regards,
Sanjay
May 11, 2011
Hi Sanjay,
Sugar Stocks have value but the cycle which we expected to turn is not happening so we took the exit quite some time back from the sector.
FSL it may depend on some announcement otherwise no trigger
May 15, 2011
sir…..what r ur views on ranbaxy?…….i m short @460 ….should i wait till expiry….please help…
reg
harsh