Sterlite Technologies – Initiated a buy at 43.5
A good stock for medium term. Expect large moves above 282.
Godrej Inds – I need not say more about this stock. Technically in long term it can open up to life time highs !!
PTC India --- This we seems got out early. Can go to 70 in short term. Will try to get back on dips.
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Regards,
Nooresh Merani
March 14, 2012
I am big fan of your analysis. The way you explains is nice. We do all analysis on weekly and daily charts but just want to know which time frame to use while trading, I mean to take entry and exits.
Thanks
March 14, 2012
Daily charts are the best for all types of analysis
March 14, 2012
Hello Nooresh
I also like your analysis . What I like more is, you dont change your views every other day, I mean you are consistent with your views. If possible plz give me your views on the following stocks :
Petronet LNG and Gujarat Alkalies.
Thanks
Sachin
March 14, 2012
Hi Sachin,
Yes one needs to have a firm view as changing stance on day to day moves can hamper all clients. So at times we dont have a view so we just sit back and watch the markets 🙂
Petronet Lng is in a good trend but lacking momentum. Got stopped out a couple of times at nominal losses or profits. I would keep 155 as a stoploss and hold for 190 +
Gujarat Alkalies i dont track it closely of late
March 15, 2012
Thank you for the info.
Regards
Sachin
March 14, 2012
Big thank you.
Reg Sterlite Tech, it reached 46.5. But is it a good stock to hold for higher targets or may be an investment for next couple of months as the next target is 55 as per your analysis.
The stock has reacted to 43.5 levels today, could you pls tell if we can still buy tomorrow around 43/44 levels?
Thanks for helpful analaysis.. learning from your graphs.
March 14, 2012
Hi girish,
I continue to like the stock. We booked at 46 and re-entered at 44 itself reducing the cost.
Will continue to hold the stock with a stoploss of 40-42. So either we get 47/55 to book or hold patiently.
The pattern is good and can catch momentum.
March 14, 2012
Buy sterlite technologies above 45.4 on closing basis so that you can have good risk reward ratio
March 14, 2012
Sir
I have one wipro future @441 please tell me what to do shoul i hold or sell
Please advise
thanks
March 14, 2012
Hi Srinivas,
if its a short term trade keep a stoploss at 410.
Exit on rise to 435-440.
March 14, 2012
hi nooresh,
whats the likely tgt for Engineers India ?
March 14, 2012
I am looking towards 310-320 and 350 + in long term.
March 15, 2012
Hi Nooresh,
Is 250 short term support for Godrej ind.s????
Regards
Sameer
March 15, 2012
225-235 would be a stronger support.
March 15, 2012
Hi Nooresh,
how suzlon is at 30 for budget solar industry investment play for tommorw budget?
Regards
Sameer
March 15, 2012
Ooops 🙂 suzlon is way too volatile as of now.
March 15, 2012
Want to know your views on bajaj holding ? Is it good for long term ?
March 15, 2012
Nooresh sir, i visit your website daily and am your big fan specially your analysis on godrej ind, a.b.nuvo,bombay burmah were too good. Would love a detail analysis on bajaj holdin if possible. Thanks a ton.
March 15, 2012
Hi hemal,
Its a good holding company – Bajaj Holdings. rather best in terms of governance. Discount as of now is not exciting.
March 15, 2012
Dear Nooresh,
Is Marg Ltd a good play on fundamentals ? Have you looked at it and if possible can you please give your views on it for long term holding ( 3yrs – 5yrs)
April 3, 2012
Nooresh bhai,
I added more of Sterlite Tech around 40 levels in last few days to avg my earlier buy at 44 levels.
There are talks in market about selling of Optical fibre business and can fetch good price to the company.
Last week Mr. Tulsian recommended with a traget of Rs65 for Sterlite Tech. Do you see fundamental call on this stock. Please do reply sir as I have cut losses and moved most of my stocks to this one.
Thank you for your guidance Sir…
April 5, 2012
Hi girish,
We are also watching the stock and trading in and out.
Fundamentally i dont have a view but market-men are pretty positive
April 3, 2012
I have been holding 1000 shares of Reliance Industries for more than 10 years. of late I am worried about its underperformance. Would you suggest a sell and switchover to Godrej Property .Thanks.
April 5, 2012
Hi Avinash,
One may consider shifting 15-20% of reliance into nesco,godrej properties. Just my view