ICICI Bank – A dip to 990-1000 can be a bounce back entry point

icicibank

 

 

Re-test of previous breakout area of 990-1010 should provide support.

 

Risky traders may accumulate with a stoploss of 970 or buy in any quick dips to 990-1000. One can expect a bounce back to 1100 again.

 

Regards,

 

Nooresh

11 Comments

  1. bhanu
    November 20, 2012

    Dear Nooresh,

    Quick view on hinduja Ven. Godreh industries, Reliance, please suggest entry points/supports.

    thanks
    Bhanu

    Reply
    1. Nooresh
      November 22, 2012

      Hinduja Ventures can book part at 480-500 and re-enter around 400-420 if comes.
      Reliance buy at cmp. Godrej Inds 270-260 seems a base so buy closer to it

      Reply
  2. bhanu68
    November 20, 2012

    Dear Nooresh,

    what is your view on Himatsingka Seide?

    regards
    bhanu

    Reply
    1. Nooresh
      November 22, 2012

      positive

      Reply
  3. Umesh Kamath
    November 20, 2012

    Dear Nooresh,

    Whats your view on aban offshore & hexaware as the stock has fallen considerably, whats your buy target.

    Reply
    1. Nooresh
      November 22, 2012

      No view on Aban.

      Have been surprised about the fall in hexaware after making new highs. Had a trading position earlier which was booked in profits.
      90-100 could be a base for now.

      Reply
  4. Umesh Kamath
    November 24, 2012

    Dear Nooresh,

    Is it a good time to enter in suzlon as the stock is in f&o ban will it jump by 1 -2 rs.And your view on apollo tyres seems to be a good stock since a dip from 100 to 80 its recorrecting will it go up?

    Reply
  5. Ashok Manek
    November 30, 2012

    1100 ……………tgt achived

    Gooooooooooooooood

    Reply
    1. Nooresh
      December 1, 2012

      Yes seems more to go ….

      Reply
  6. pasha
    November 30, 2012

    Nooresh sir..
    Ur service and tips onto this blog rocks..
    Ill b joining soon ur subscriptions 🙂

    Reply
    1. Nooresh
      December 1, 2012

      Thanks for the kind words pasha

      Reply

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