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Hi,

Some of the charts made by team mate - Harsh Doshi

Stocks Covered : 3M India, Bosch, Cadila, Cipla, Hikal, ICICI Bank

3M India breakout

Bosch near important supports at 17000

Cadila near supports at 340-345

Cipla breakout above 650

Hikal in trading range between 135-175

ICICI Bank near support at 255

Some of the stocks above may be recommended in our Advisory Services.

If interested mail nooreshtech@analyseindia.com

DISCLOSURE Nooresh Merani

Securities covered above:  All mentioned in the above post

SEBI Registration disclosure - Investment Adviser ( INA000002991)

Financial Interest:

Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts  has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

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Nifty Calculator

NIFTY CALCULATOR JULY 2017   ( Click to Download )

Nifty Calculator - Weightages as per 30th June 2018. 

Interesting Observations

· HDFC Bank and HDFC Limited are 17.53% of the Index !!

· Top 5 names are 36.86% of the index

· Top 10 is 56.46% of the index

· Top 20 is 74.73% of the index

· Only one #PSU Bank left in the index – SBI has a weight of only 2.30%

· Banking and Finance now constitute 37.65% of the Index

· Private Banks constitute 24.57% of the Index.

· Metals and Mining contribute only 2.85 % ( Vedanta, Hindalco,Tata Steel)

· FMCG stocks ITC and HUL command 7.45% of the Index.

Thoughts to Ponder on

  • HDFC twins now are 17.5% of the index. The trend of the market now depends a lot on these two names.
  • Financial Services are 37% + of the index and generally everyone values it at Price to Book and other parameters and not P-E . Reduction of Low P-E PSUs to majorly Private Banks and Private Financials that generally quote at high P-E, does it imply a higher base P-E for Nifty for coming years ?
  • Once the Insurance companies are done with their capital raising we may expect a HDFC Life or another to also become part of the index in coming years. Maybe in future 40% of the Index would be Banking and Financials. Does such an index reflect the Economy ?

NIFTY CALCULATOR JULY 2017 

 

Nifty Kya Lagta hai ?

Every technical analyst/fundmental analyst/ strategist and even the paanwala talks about Nifty/Sensex has an answer to the question – Nifty kya lagta hai ?

9 out of 10 people will give you an answer.

But if you ask them tell us top 5-10 stocks which will lead the market in the direction they say only a couple of them will have the answers.

You can find your own possible targets by playing around with the Nifty calculator which may be a better estimate.

What is Nifty Calculator ?

-> As per the weightages given by NSE for Nifty stocks we have created the Nifty Calculator.

-> Change the expected price and the expected Nifty will change accordingly

-> Create 3 different sheets for yourself–

Pessimistic ( where you put the worst possible prices you think )

Optimistic ( the best prices possible)

Neutral/Rational/Technical / Fundamental ( prices on any reasoning )

Please Note as weightages change every day by small margin this will not give an accurate estimate but will be approximate.

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    This is a post on one of our advisory products.

    If you are not trading in derivatives do not read any further !!

    QuickGains F&O

    The product is for traders with a High RIsk Profile and High Risk Apetite. Holding period of positions is 1-15 sessions generally.

    1) Do u know trading in Futures & Options is considered as a high risk speculation in markets ?
    2) Will you be comfortable being leveraged as much as 3x-5x of the deployed capital?
    3) Are u willing to lose 15-25% of your capital deployed in a single month?
    4) Are u willing to execute the stop loss of all the recommended trades as and when the stop loss gets hit?
    5) Do u have minimum 20 lakh capital or more to subscribe to our Quickgains F&O service? ( considering u will be paying 3.5% fees annually of your capital employed )

    If any of the answer of above mentioned question is ' NO ' then please don't subscribe to this service.

    Even if the answer is “Yes” for all we need to have a chat and understand your risk profile before you subscribe for this service. You need to call Harsh 9833845334 ( after market hours )  Nooresh 9819225396 ( after market hours).

    We need to assess your risk profile before we recommend the service to you.

    FAQs on the QuickGains F&O

    • All recommendations will be provided via whatsapp & email. We advise you to be active on both platforms during market hours because if there is a delay in one means of communication the other one helps in getting the recommendation on time. ( It requires a quick reaction to punch in the trades else slippage will be higher we would recommend you to not opt for this product.)
    • Always execute stop losses and do not wait for a confirmation or re-confirmation. A stop loss hit will go as a loss trade in our performance sheet as well as we prefer to be very disciplined with stop losses.
    • While making performance sheet we have a considered a portfolio size of 20 lakhs so this is the minimum capital.
    • In the performance sheet we have considered 4 lots for each trading call, always trade in multiple of two with a part booking strategy which includes revising stop loss to cost.
    • Max No. of Open Positions at day's close will not exceed 5 ( there can be 1-2 exception days in a month )
    • Always trade on all calls as we stick to a process of finding momentum bets with small stop losses. Its tough to guess which will be the best trade. So following the exact process is required.
    • All levels given are Spot levels, we do not give futures prices as there can always be difference in premium/discount at different points of time in the month. We do consider the futures price in our performance sheet.

    Performance

    The performance sheet is just for reference for the clients to check on a monthly basis and is in no way indication of future returns.

    We do not guarantee any returns and as mentioned in the start this is a product of traders with a higher risk profile and risk appetite.

    A quick snapshot to show you the drawdowns are high and there can be tough times and good times both.

    The sheet which is shared with clients can be accessed here -   QuickGains F&O Performance Sheet for Reference

    Subscription Links

    QuickGains FNo - Half Yearly  - Rs 41890  ( Rs 35500 + Rs 6390 ( 18% GST ) )

    QuickGains F&O Annual  - Rs 69620 ( Rs 59000 + Rs 10920 ( 18% GST ) )

    ( Inclusive of all Taxes)

    If you would like to make a payment to the bank - please mail – nooreshtech@analyseindia.com for details.

    QuickGains

    Bank Account for Payments

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    Nooresh Merani

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    Over the last few weeks the consensus view has been the markets will continue to consolidate and be a boring time for the markets. But looking at the technical chart it seems the market can spring a surprise.

    • Nifty has been in a very tight range of 10550-10900 for the last 2-3 months with most of the closing around 10700 mark.
    • A breakdown from a steep sloping trend line did not see much follow up on downside and we are back in the range.
    • In technical terms it may be called a symmetrical triangle with breakout points now at 10600 and 10900.
    • A breakout may lead to a 300-400 pointer quick move.

    On a side note we are seeing a lot of participants focusing on writing options and with low volatility as well as low IVs its setting up for a surprise move. If one is gutsy this may be a time to buy option straddles for next couple of months. ( remember options requires a lot of risk management. Also be careful writing options for a couple of months)

    Some of the technical charts in the Nifty 50 point out to similar structures and can give a surprise.

    Tata Motors

    • The downward channel continues.
    • 250 and 290 the breakout points.
    • Will it crack further or manage a big reversal. Not a strong price action on break of major lows.

    ICICI Bank

    • The range now getting compressed after crazy moves post re-capitalization news.
    • 260 or 290 will be points to watchout for.
    • A decent weight in the index

    YES Bank

    • Short term breakout above 340-345 done. Can it cross 365 and make a 1 year range breakout.
    • On the downside a break below 325-330 would mean a breakdown.

    Reliance Inds

    • In contrast Reliance seems to be expanding the range.
    • Right now almost in the middle of the range.
    • Will it go towards 900 or 1050-1080 ?

    Maruti

    • This one has broken out from the range above 9000.
    • Can it go back to 10k or higher ?

    Mahindra & Mahindra

    • Will the momentum continue or flop ?

    ITC Limited

    • 255-260 and 285-290 has been the major range areas for the stock for almost 6-12 months.
    • A good candle yesterday but can it follow up?
    • Will it break on the downside or upside ? In either case can be a big move.

    HDFC Limited

    • HDFC Limited and HDFC Bank both making up almost 18% of the index can give the biggest impact.
    • HDFC is on verge of a breakout above 1940.

    HDFC BANK

    • The largest weight in the Nifty with 10% +.
    • The momentum has continued strong over the last couple of months or more.
    • 2050 and 2150 are the breakout points.

    The last of it the indices which matter a lot – Smallcap and Midcap Indices

    Nifty Small 100 – Back to an equivalent of Nifty 9700 lows.

    • NIFTY SMALL 100 -- its back to the bottoms made in May/Sept 2017
      and equivalent of 9700 Nifty.
    • A falling wedge/triangle  formation.
    • 7300-7500 cross on upside and 6900 on downside may give clarity on further momentum.

    BSE Smallcap Index

    • BSE SMALL CAP --- The 9700 Nifty equivalent bottom is a little away
      at 14700.
    • A falling wedge/triangle formation.
    • A move beyond 15700 or 16500 will give
      more clarity to the momentum.

    Disclosure – Please do your own research. We may already have recommendations on some of the stock above or may open up a fresh trade so our views can be biased.

    For our services check link on top of website –

    Can subscribe to The Agnostic Portfolio  ( Its down 10-12% since launch in mid April) . Open for subscription till July 15th.

    For Derivatives - http://www.nooreshtech.co.in/quickgains 

    QuickGains F&O

    The product is for traders with a High RIsk Profile and High Risk Apetite. Holding period of positions is 1-15 sessions generally.

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    Banks Strategy of Mutual Fund Distribution–Highly Biased ? https://t.co/KrvJ9LTrn2 State Bank of India makes 99% of its mutual fund commission income from distributing schemes of SBI Mutual Fund. #MutualFunds

    — Nooresh Merani (@nooreshtech) July 4, 2018

    As we become adults, we tend to take on more time commitments. And because these commitments are so important to manage, adult life is characterized by thoughts & worries about time. So time seems to speed up as you age.

    How to Slow Down Time - https://t.co/7XA17emPxa pic.twitter.com/iTU9CcPqPX

    — StableInvestor.com (@StableInvestor) July 1, 2018

    Mcap can't compound forever at a rate > earnings growth
    Earnings can't compound forever at a rate > sales growth
    Multiples can't keep expanding

    Future returns of many richly valued high quality biz WILL disappoint : like past 11 years of Infy.

    Note:Cos chosen only 4 illustratn pic.twitter.com/ItcHZoGjZ6

    — Deepak Kapur (@tapak7) June 28, 2018

    [NewPost] "Are We In A Bear Market?"
    CNX Nifty might be only 4% down from all-time high, however the broader market tells a completely different story: https://t.co/Tp4bzybW4H pic.twitter.com/Fp1PiZrdNa

    — Stalwart Advisors (@Stalwartsadvise) June 26, 2018

    HUL - Is it a classic case of Peak growth/Margin/Multiple? F18 EBITDA/PAT growth 20%/17% (last 15Y EBITDA/PAT CAGR 10%/8%), FY18 EBITDAM - 20.9% (last 15Y Avg 16.4%). TTM P/E - 68x. A simple check on likely return based on various PAT growth assumption and exit multiple on F33 pic.twitter.com/782AdDcv3D

    — Giriraj Daga (@GirirajDaga5) July 2, 2018

    All the ways #Amazon is unbundling the #Bank pic.twitter.com/rLSh0BrH7e

    — BankHistory (@BankHistory) July 2, 2018

    Very Interesting Data point by Ambit. An average IT Employee spent less than 50% time on productive work.

    Famous Quote - Uber didn't kill taxi business, limited access and fare control did.

    Similarly here - Automation didn't kill IT jobs growth, low productivity did. pic.twitter.com/EqSFthkLio

    — Giriraj Daga (@GirirajDaga5) June 18, 2018

    Have a look at the AUM data for a mid cap and micro mutual fund schemes which have performed well over the last 5 years. I have rebased to 100 at end-FY13. Even if you assume a 30% CAGR in returns it can be easily seen that the net flows into the schemes have been huge. pic.twitter.com/9p8HzK3PK1

    — Capital Orbit (@CapOrbit) June 15, 2018

    The almost total apathy of most brokerages/analysts towards intense Balance Sheet analysis, shocks me. B/S is foundation-it's strength determines longevity of biz. Huge risk can reside there.

    P/Ls greatness is often cloaked in B/S weakness. Eventually such fabric disintegrates

    — Deepak Kapur (@tapak7) July 5, 2018

    3 key lessons from Massive wealth erosion by Sintex (combined value Rs52 vs Rs105 b4 event). 1. Low P/E not necessarily good value or low downside 2. de-merger leads to value unlocking or wealth creation 3. Surrounding brands usually good investment (seeing tanks since childhood)

    — Giriraj Daga (@GirirajDaga5) July 4, 2018

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    In my earlier post on a similar crash situation was when Nifty had corrected sharply in 2012 and in 2016.

    Nifty at 4800 in 2012 - http://www.nooreshtech.co.in/2012/06/how-to-survive-a-market-crash-and-end-of-the-world-in-2012-sunday-thoughts.html 

    Nifty at 7000 in 2016 - http://www.nooreshtech.co.in/2016/02/how-to-survive-a-market-crash-in-2016.html 

    In that sense today the Nifty is just down 5% from the peak of 11171 but the broader market is down 20% or more from the peaks of 2018 but the sentiments have taken a knock as many stocks have fallen a lot from peaks.

    Why is a 20-25% drop from the peaks such a sentiment hit ?

    1) Some of the worst hit stocks have fallen 50-90% also.

    http://www.nooreshtech.co.in/2018/05/smallcaps-can-be-brutal-if-you-are-not-careful.html 

    Its not the 50-90% fall but the problem is some companies which are outright frauds never come back to previous prices and there is permanent loss of capital.

    I remember recommending Nilkamal , Aarti Inds, NBCC, Supreme Petro etc and seeing a drop of 30-50% in 2012-2013 and a multi-fold rally in coming 1-2 years.

    If one can avoid frauds itself is enough. Also if you get one diversification should help you save your portfolio. Have recommended duds like Cebbco, Zicom too but allocations was a savior.

    2) 80% of stocks have fallen more than 20% and the median fall is 34%

    This image from Jatin Khemanis blog gives some good stats.

    .

    The draw-downs are part of Investing and more so for a smallcap investor, but it hurts to live through one. If one cannot live through a 20-40% correction very often the focus should be to re-think your asset allocation.

    3) The correction is after an almost a linear rally in last 5 years

    Another reason the draw-down of 20-30% is that the linear move in last 5 years has almost wiped out our memory from a scenario where one will have face losses and also live through it for months or years too.

    • The toughest period was 2011-2013.
    • Smallcap Index fell 45-50% down in 2012.
    • After a brief recovery in 2012 it made a new low in August 2013.
    • So from a peak in November 2010 to August 2013
    • Selective stocks did well in 2012-2013 even when a lot of bad businesses and frauds collapsed.

    Will we see a period as painful as 2011-2013 or maybe not 3 years but a year of pain to live through. How many are ready for it ?

    Here I remember a nice sentence which one of my mentor used to say.

    No Situation is Permanent. Ye Waqt Guzar Jayega.

    ( Apt in all times. )

    4) Belief and Patience !!

    I remember this very nice conversation by another mentor of mine a 2-3 years back.

    D S – I had a dream i should sell all my equity holdings as markets are up.

    Me : Why so

    DS : I have made enough money for my family with multi fold moves in my portfolio.

    DS : But what will I do with the money. FDs will give me 5-6%.

    DS : So i decided to stay invested as even if make bad decisions in a growing economy over the next years I think i should be able to do more than 6-8%.

    This is an investor who has gone from Rags to Riches and had his share of big mistakes and some humongous multi-baggers.

    Another mentor would say Good Research happens only in Bear Markets as one has many doubts and is not ready to buy expensive. ( In the last few years what worked was – Buy First , Research Later – Think we are done with that now. )

    Technically the divergence in smallcaps with the Nifty suggests a whole lot of opportunities could be for grabs but selectively. Time to research and deploy capital provided one has belief and patience.

    Also one has to be extremely careful in terms of the kind of companies one buys. For example in the last couple of years suddenly the “ Chor Bane Mor “ tagline became an investment strategy without any research.

    This is what my strategy which i presented in 2015.

    Importantly it was about a good business being bought cheap with a catalyst. I always thought it to be a part of the portfolio and not a concentrated style.

    Now also I would stick to the same strategy but it would be only a part of the portfolio.

    5) Buy Selectively!!

    If one cannot do research in smallcaps they are better of going through the Adviser Route or the Mutual Fund Route as in times like these some of the companies bought purely because of a stock price fall can be dangerous.

    Also most people like to buy known names which have fallen. It hurts a lot. Like for example in 2012-2013 everyone bought HCC,GMR Infra, GVK etc but the best performing Construction stock was KNR construction.

    So go ahead do research and find interesting companies or find a good adviser or randomly pick a smallcap mutual fund to SIP into.

    Let me warn you - It wont be easy. Are you ready to live through another 20% fall or 1-2 tough years ? Its not a prediction but a mental setup one needs to have in Smallcap Investing.

    Conclusion

    My personal view is this is not going to be an easy period but who knows the future. The risk-reward is tilting towards an investor in smallcaps but in very select cases. So one needs to be extremely selective. A couple of years down the line the next few months may look like an opportunity in hindsight. Be selective do not buy a stock because its down 50-80%. Good words to remember and think deeply on– Research , Diversify , Adviser, Mutual Fund, Allocation, Asset Allocation, Smallcaps, Microcaps, Cash Allocation and lastly Belief in India Growth Story and Patience to ride it.

    The last time I wrote the Article on June 2012 and February 2016 the bottom was not far for Nifty.Fingers crossed for Smallcaps  

    Disclosure – Please do your own research, risk management. I have a biased view given that we are fully invested and also sitting on a draw-down but have had a fruitful 4-5 years in smallcaps giving us more comfort , belief and patience. Hope not to have many duds 

    For our services check link on top of website –

    Can subscribe to The Agnostic Portfolio  ( Its down 10-12% since launch in mid April) . Open for subscription till July 15th.

    Technical Analysis Training Mumbai

    Date:
    30th June and 1st July 2018

    Timings:
    9 am to 6 pm

    Venue :

    Hotel Karl Residency

    36, Lallubhai Park Road
    Andheri (W), Mumbai, 400058
    Maharashtra – (India)

    Fees

    Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts )

    Registration and Payment Link

    https://www.instamojo.com/noooreshtech/technical-analysis-training-mumbai-30th-june/

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    Hi,

    Some of the charts made by team mate - Harsh Doshi

    Stocks Covered : Bajaj Holding, Bata, Godrej Ind, Hexaware, Hindoil, LTI, Mahindra CIE, Manappuram, Mastek, Minda Ind, Natco Pharma, NHPC, NTPC, PGHH, Ramco Cem, Reliance, Tata Power, Welent

    Bajaj Holding above 3050

    Bata above 810

    Godrej Ind above 625

    Hexaware above 460

    Hind Oil above 155

    LTI above 1750

    Mahind CIE above 270

    Mahindra Life small breakout

    Manappuram at crucial levels

    Mastek downward channel breakout

    Minda Ind above 1350

    Natco Pharma above 850

    NHPC at crucial levels

    NTPC at crucial levels

    PGHH above 9900

    Ramco Cement at crucial level

    Reliance in a rising upward channel

    Tata Power at crucial level

    Welent above 205

    Some of the stocks above may be recommended in our Advisory Services.

    If interested mail nooreshtech@analyseindia.com

    DISCLOSURE Nooresh Merani

    Securities covered above:  All mentioned in the above post

    SEBI Registration disclosure - Investment Adviser ( INA000002991)

    Financial Interest:

    Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.

    Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

    Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

    Nooresh Merani and his family/associates/ analysts  has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

    The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

    Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

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    One of the ways to look at trend changes in the markets is to look through the Sectoral Indices. Although we do not have sectoral indices for smaller segments like Hotels, Chemicals, Textiles, Paper, Sugar etc but the indices do cover the major large caps.

    Simple Steps for Sectoral Analysis.

    • Check charts of Sectoral Indices by Nifty and BSE.
    • After checking out charts for sectoral indices one can look at the weightages on www.niftyindices.com ( A new website by NSE with lots of data on Indices.)
    • Check the charts of top 5 weightages to look for leaders and laggards.
    • Buy/Sell Breakouts or Breakdowns.

    Step 1

    Nifty FMCG – The leader showing signals of another fresh breakout.

    • After a good breakout last year and a drop due to ITC the index has recovered back to all time highs with ITC still struggling.

    Step 2

    Step 3

    • Hindustan Unilever the 2nd largest weight has already done the breakout and a big move.
    • ITC the largest weight is still struggling.
    • Others have also been in strong trends.

    Step 4

    • The interesting chart – ITC Limited

    • A good amount of base at 255-260 in the last 1 year.
    • Recent bottoms at 265-267 in last few days.
    • 290 a major resistance.
    • The trade strategy is whether to pre-empt buying at current levels with a stop of 265-267 or wait for a breakout above 290 ?
    • Disclosure – The stock has been recommend in QuickGains FNO and as a long term bet in Big Value so its a biased view. Please do your own research.

    Another stock which has broken out recently in the sector.

    For looking at sectoral analysis for other sectors one has to go through a lot of charts from the same sector.

    Do check our earlier post on FMCG Sector Last year around the time it broke out - Sector in Focus – FMCG – Hindustan Unilever, Godrej Consumer , Britannia, Marico & ITC Limited 

    Earlier we have covered Textiles and Chemicals in 2014-2015 , Fertilizers in 2017 and now our view remains positive on Hotels.

    Let us look at some more Sectoral Charts

    Nifty Pharma

    • 4 bottoms at the lower end of the channel and a candlestick reversal.
    • 9000-9200 a major resistance.
    • Maybe a long term bottoming out formation in the making.
    • Only problem being the index fell 40-50% from the peaks. So it may take much longer time for the recovery and be selective. One should focus more on the larger names.

    Nifty PSU Banks

    • A Positive Divergence on RSI charts with 3 bottoms very similar to the last bottom although now bottoms are very close.
    • Crossing the intermediate highs giving a confirmation of a reversal.
    • Will this be a major bottom or just another bounce ?

    Nifty Private Banks

    • A very strong recovery from March lows.
    • Couple of attempts already at all time highs.
    • Can it breakout again into all time highs.

    Not a major weight in the index but RBL Bank has been knocking the 545-550 resistance for some time now.

    YES Bank also has been pretty sideways in this trend.

    Please do your own research and read the disclaimer

    Technical Analysis Training Mumbai

    Date:
    30th June and 1st July 2018

    Timings:
    9 am to 6 pm

    Venue :

    Hotel Karl Residency

    36, Lallubhai Park Road
    Andheri (W), Mumbai, 400058
    Maharashtra – (India)

    Fees

    Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts )

    Registration and Payment Link

    https://www.instamojo.com/noooreshtech/technical-analysis-training-mumbai-30th-june/

    Bank Account Details for Payment

    ICICI BANK ACCOUNT DETAILS

    Name : ANALYSE INDIA

    Bank A C No : 125105000175

    Bank Name : ICICI Bank

    Account Type : Current

    Branch : Yari Road Branch

    IFSC Code : ICIC0001251

    TECHNIAL ANALYSIS TRAINING PROGRAM DETAILS

    Important Features

    -> Small Batch size so highly interactive session.

    -> Free Refresher Session any time in next 6 months.

    -> Historical Data since 1979 for practice.

    -> Lots of powerpoints/pdfs and training material.

    -> Mode of communication English, Hindi and Gujrati.

    • And get much much more including access to Analyse India students Whatsapp groups, refresher sessions.

    For more details call Ankit 09899899989 Nooresh 09819225396 or mail to analyseindia@analyseindia.com

     

    DISCLOSURE Nooresh Merani

    Securities covered above:  All mentioned in the above post

    SEBI Registration disclosure - Investment Adviser ( INA000002991)

    Financial Interest:

    Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.

    Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

    Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

    Nooresh Merani and his family/associates/ analysts  has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

    The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

    Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

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    All major corrections (greater thn 20%) in d history of BSE SmallCap Index by Ankit Chaudhary

    Sep 2005 = 24.09%

    May 2006 = 43.51%

    Jan 2007 = 22.59%

    Jan 2008 = 79.92%

    Nov 2010 /August 2013= 55.24%

    Jan 2016 = 22.13%

    *Jan 2018 = 19.20%

    Investors can buy in a staggered manner Traders wait 4 a reversal patterns

    This does not imply to buy all smallcaps but one has to be very selective. Do some research and go for companies with track record , Value, Decent Management etc or go through the Mutual Fund Route or an advisor  - The Agnostic Portfolio

    Because Smallcaps can be Brutal if one is not Careful  and some of these companies never recover back.

    The Smallcap Divergence in Nifty to Smallcap Indices is also suggesting a Bottoming out Scenario. But it takes time to bottom out.

    For example this post in December 2017 - BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?  It took 2-3 weeks for Smallcaps to top out.

    This is the Nifty to Smallcap Divergence chart now – How long will it take ? Be selective

    if you would like our advise – Subscribe to The Agnostic Portfolio 

    ( The Portfolio is down 10% since the start on 15th April 2015 as of today)

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    Hi,

    Some of the charts made by team mate - Harsh Doshi

    Stocks Covered : Auro Pharma, Bajaj Finance, Bata, Bayer Crop, Finolex Cables, Godrej CP, Godrej Ind, Gruh, Infosys, Kaveri Seeds, Mahindra Life, Manappuram, NBCC, Page Ind, Relaxo,  Shoppers Stop, Torrent Pharma, VIP Ind.

    Auro Pharma at crucial levels

    Bajaj Finance Flag Pattern

    Bata India above 815

    Bayer above 4750

    Finolex Cables above 700-720

    Godrejcp above 1175

    Godrej Ind above 625

    Gruh breakout attempt

    Infy consolidating near breakout zone

    KSCL above 550

    Mahindra Life above 560

    Manappuram on trendline support

    NBCC at crucial levels

    Page Ind above 25500

    Relaxo above 725

    Shoppers stop above 595

    Torrent Pharma above 1430-1440

    VIP Ind above 430 

    Some of the stocks above may be recommended in our Advisory Services.

    If interested mail nooreshtech@analyseindia.com

    DISCLOSURE Nooresh Merani

    Securities covered above:  All mentioned in the above post

    SEBI Registration disclosure - Investment Adviser ( INA000002991)

    Financial Interest:

    Nooresh Merani and his family/associates/ analysts would not have exposure in the securities mentioned in the above report/article.

    Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

    Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

    Nooresh Merani and his family/associates/ analysts  has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

    The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision

    Also read the detailed disclaimer - http://www.nooreshtech.co.in/disclaimer

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