Tata Motors :
It looks like a nice cup and handle but has already moved a lot in short term. We had last initiated a buy around 190s. Right now we prefer Tata Motors DVR ( quoting at 50% discount which is exaggerated) . Disclosure: Have initiated a buy at 104.5 yesterday.
SBI : This remains a favorite for SIP with a long term view. And with all the downgrades and de-rating over the stock can now start a new journey it seems. Lets wait for a sustaining move above 1850. Its a long term bet but short term can test 2000 in momentum.
LIC Housing:
Interesting bet on dips to 240
For more of our services — www.analyseindia.com
Happy Investing,
Nooresh Merani
January 17, 2012
Hi Nooresh Sir,
I am 21 year old studying technical analysis by my own …and have found tht according to elliot wave theory
Year Sensex
1992 2000
2000 6200
2008 21200
2016 50000+ ???
Do U Agree??? And one thing is sure tht whenever sensex reaches PE of 25 it bubbles out & 60% of correction comes….rite now at 16,466 sensex PE is of 17.25.
January 17, 2012
Hi Smit,
Its been mentioned about 8 yr old cycles since a long time. Lets see how it works.
Sensex now u need to look at consolidated p-e