Over the last few sessions have been loading up a lot of stocks.
Never been more then 10-12 stocks open in a trading service since a long time. Obviously most of them are in the green so trailing on to the positions.
Expecting the rally to last a bit more till 4900 as mentioned and stock specific may see some more action.
Some of the stocks mentioned.
Aurobindo Pharma --- Already long at 95 booked quickly
Century Textiles --- A fresh trade at 231 seems bottomed out. Short term target 245. Good risk-reward.
Hindalco ---- Initiated at 118 ( had mentioned in CNBC also i suppose ) tgt 130. Nice divergences and falling wedge breakout
ITC Limited ----- A good clean breakout. And always a defensive so low risk.
Many other stocks like BHEL( mentioned in this post ) Larsen & Toubro ( check post here ) , Reliance Inds ( check post here ) good moves as expected but mind you its a long term bet.
Had clearly mentioned exactly a week back at 4650 levels on January 3rd 2012 that Nifty is setting up for a short term rally is the Bearish consensus had become very high. Also the technical reasons were specified in this post --- Short Term Rally
People can also start following me on https://twitter.com/nooreshtech for some snippets.
Also for all the readers this scheme — https://nooreshtech.co.in/2012/01/master-blaster-a-new-year-gift-for-all-our-readers.html will not last for long. ( there was some linking problem which is now rectified )
Happy Investing,
Nooresh Merani
CEO- Analyse India Market Solutions Private Limited
January 10, 2012
Nooresh, how do you see Auro pharma as an investment around these levels ?
January 11, 2012
Venkat,
I dont have any fundamental view on the stock this is purely a bet on short term.
January 11, 2012
Hi nooresh,
i have subscribed to master blaster and i am eagerly waiting for the service to start.
shree
January 11, 2012
Plz add share button on your post 4 facebook.easy to share your usefull & accurate prediction for my friends.thnksss
January 11, 2012
Hi Nasim,
There is a f share and retweet button on every post.
January 11, 2012
I don’t see any f button in I got mail from u like tweet this for facebook.overall hindalco & larsen is my favoruite. I m waiting for GTL,Gitanjali Gems,Lovable lingriese & Jubliant food.I think thsese r market performers.I m looking your prediction for above stocks.thnkss nooresh.
January 11, 2012
Well it is available on the site. Will put it up in the mails as well.
Well m not very gung ho on Jubilant and lovable doesnt give me enough comfort on valuations. Technically would be short long many a times on both though. Like Lovable a long view today.
January 11, 2012
Thnksss nooresh for all