The Nifty is in kissing distance of the 2008 highs at 6357.
But what is surprising is that volumes have not been on the supporting side in the last move from 5700 to 6200.
On a long term seasonal basis what we have seen is November-Jan is generally a a good period for broader markets but also at times a topping out period (some may attribute it to Diwali and so on ).
So one needs to trade quickly in this period and focus on stock specific ideas than on index trades. The lack of action will juice out all the shorts in the system and continue the slow and sideways action.
The strategy on Nifty should be to look for sell around 6300-6400 levels and buy stocks for quick trades.
Looking at the above technical picture of Nifty and broader markets we believe the strategy should be to go stock specific. Also Midcaps and Smallcaps are still at 4500-5000 levels of Nifty. This may create a lot of stock specific tradin opportunities in coming 2-4 weeks.
There could be some stock specific corrections in Nifty stocks and some sharp moves as well.
At the same time we expect action to shift to midcap stocks which have been consolidating for a long time due to the underperformance of the Midcap Index with the Sensex/Nifty.
Also generally this is also the time when a lot of smallcaps tend to move sharply giving excellent trading opportunities.
We have also covered a few techno funda bets and turnaround stocks.
Hence we have come out with a detailed report covering possible actionable trades in the report below.
Main Sections and Type of Ideas discussed are
1) Nifty 50 – Actionable Trades ( Long / Short ) and Nifty Detailed View
2) Midcap Technical Picks
3) Techno- Funda Bets
4) High Risk Momentum Trades in Smallcaps
5) Turnaround Stories
6) Concept Companies
You can buy the report for a Base Price of Rs 999 only .
TECHNICAL TRADES – Detailed Report on Actionable Trade and Investment Ideas
Or copy and paste the link below in your address bar
https://www.instamojo.com/noooreshtech/technical-trades-detailed-report-on-actionab/
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Thanks and Regards,
Nooresh Merani
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October 24, 2013
Not able to subscribe for Technical trades report
October 25, 2013
Hi Anandha,
Have closed the report. If you still want to subscribe mail to nooreshtech@analyseindia.com
Regards,
Nooresh