1. Technical View by Nooresh --------------- www.nooreshtech.co.in
TECHNICAL TRADES - DECEMBER 2013
Stock Name
Reco
Range
Reco Price High
Target
Stoploss
CMP
%gains
Large Bank of Baroda
635-645
645
716
700
Caps
Cipla
380-390
385
409
450
DLF
above 158
158
166
170
153
171
ONGC
above 303-305
305
307
330
295
292
Larsen and Toubro
1090-1120 short1120
HPCL
212-216
ABNUVO
625
652
405
Comments
8.53 Target met quickly in 5-8 sessions
6.23 Gave chance to accumulate on dips
After breakout got stopped out but moved
-3.16 later.
Stoploss hit although it was a gap up which
-3.28 did not sustain
Gap up happened at 1120 did not sustain
above 1140 for more than a day. But taking a
-1.79 stoploss hit
Momentum came above 218. Still headed
7.48 higher
1045
1000
1140
1078
214
236
230
208
240
1220-1250
1240
1280
1400
1200
1218
-3.23 stopped out but long term view still bullsih
# ver2 HCL Tech
1100-1120
1110
1260
1240
1080
1246
11.71 Perfect move in quick time
# ver2 Wipro
475-480 and above 491 557
485
550
466
555
# ver2 Colgate
Mid/S
mallc
aps
Everest Inds
1280-1300
1240
1300
13.40 1st target done but long term 700
1.00 Still a hold.
1290
1325
1450
138
169
160
GMDC
Petronet lng
Alstom India
105-108
107
132-133 and 125-127
129
350-370
365
121
130
390
120
150
450
99
123
335
118
121
381
15.94 Long term target 180-220
did the targets quickly. Medium term 150 still
12.15 on
-4.65 bad stoploss hit
Still a hold
Ingersoll Rand
Adani Power
Bharat Bijlee
330-340 or above 370
370 435
At 35-36 and above37 42.5
37.3
355-365 and 330-325
350
385
420
40
450
320
33
315
424
39.5
372
13.51 Still a hold for long term and add on dips
8.11 Did move up to a hihg of 42-43
Still a buy
125-140
160
2. # ver2 Mcleod Russel
288-293
Electrosteel casting 15-15.5
290
15.25
320
16.4
320
20
283
14
316
15.4
20.00 Stock is up 20% from reco but still a hold
Seamec
48-50
50
64
70
Micro
Caps Muthoot Capital
Morarji Textiles
75-82
23-25
82
25
87
31
100
35
73
# ver2 ION Exchange
95-97
97
104
120
85
100
# ver2 Reliance Ind Infra
375-385
380
389
450
365
380
# ver2 Sterlite Tech
above 23.7
23.7
24.6
30
21
23.3
11.8
13.5
14
11
13
10.00 Up 10% but still a hold
40
42
50
37.8
37
-5.50 Stopped out
# ver2 PTC India Financial Services
11.5-12
# ver2 JSL
39-40
60
10.34 Made a quick 5% move in the day
Hold
30.5
A good long term hold
20.00 Up 20% but still a hold
Still a long term buy
-3.95 Stopped out in the speculative play
Hold
# ver2 = stocks added to the report / mailed seperately post the first release on 2/12/13
Observations
10 large caps recommended 4 hit stoplosses of 3-3.5% , 4 did targets of 7-12% , 2 are still up
8 mid caps recommended 1 hit a stoploss , 5 did targets of 7-15% , 2 are still up
9 small caps recommended 2 hit stoplosses , 2 are up 20% , rest still on hold
Technical View by Nooresh - www.nooreshtech.co.in