.: Technical view by Nooresh

Tuesday, 2 April 2013

Technical view by Nooresh

Posted: 02 Apr 2013 12:23 AM PDT

Have not been posting many trade ideas on the website of late because of the volatile and downtrend in midcaps.

Nifty has given a positive divergence as expected and may now be forming a base for next 1-2 months before a new move starts.

Midcaps/Smallcaps look very interesting and one must buy quality stocks at current levels.

One of the short term trades we are looking at is Cipla and positioning for a breakout above 395 and a quick move to 415-425. Although will keep booking profits on rise.

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