Technical Charts – Dr Reddys , Maruti , SBI



DR REDDYS ------ This is a stock which has been mentioned for quite a few times as the best defensive picks in the pharma sector along with lupin and sun pharma.

Short term one can expect 1850 and much higher in the medium term. A positional stop at 1650.




MARUTI – Does seem like a Head and Shoulders Pattern but we dont see such classical patterns workout generally. But will keep a watch on the 1250 mark to break for some quick day trade.




SBI --- We had earlier taken a very positive stance on the stock at 1800 and lower with long term view. We may now review the same on sharp dips to 1950-2050 for a trading pullback.



Meanwhile we have launched a new plan which is best suited for Investors with a medium to long term outlook and a passive / conservative approach to investing.

ANALYSE WEALTHWYSE —- Check the link for more details.

The consultancy charges are Rs. 9,999/-  inclusive of all taxes & charges for 1 year.

We had a similar portfolio in August 2011 which stands around 23-25% gains. We had a much conservative approach in it as booked partial profits a bit too early but majority of the stocks have jumped 50% + also from recommended levels.

Happy Investing,

Nooresh Merani

09819225396 ( after market hours only )


  1. smit
    April 10, 2012

    Hi Nooresh Sir,

    Can i Buy NESCO again around 630 rs if it comes?
    Wat abt godrej ind ? at wat level one can enter?

    1. Nooresh
      April 11, 2012

      Hi Smit,

      My views have been pretty clear on the above two as long term bets


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