Technical view by Nooresh

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BSE MIDCAP and BSE SMALL CAP INDEX – Down 6-8% from peak and re-testing breakout zones. Short term bottom possible in next couple of sessions Posted: 23 Jan 2013 10:42 PM PST     In comparison to the current fall Nifty is almost 5% higher from the breakout point.   We can expect some short term bottom in the Midcap and Small Cap Indices. But some stocks may continue to remain in painful zone so one needs to be very particular on sticking to quality stocks.   Some stocks which we like in this dip are – Godrej Inds,Bombay Burmah, Raymond at 360-380   TECHNICAL ANALYSIS TRAINING SESSION MUMBAI FEBRUARY 2- 3   ( The batch size is only 10 people so register at the earliest) For more details mail to analyseindia@analyseindia.com Regards Nooresh Merani Follow me on Twitter –    https://twitter.com/nooreshtech Follow this blog on Facebook – https://www.facebook.com/nooreshtech You can mail me on -      nooreshtech@analyseindia.com Phone -   09819225396  ( Only after market hours or message ) Related posts: Defty – Nearing a breakout above 4000 PTC India – Major Technical Breakout. Accumulate for a target of 90-95 in short to medium term. Tata Motors – Confirmation of Breakout above 285 can head to 300-320 in short term.

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