Technical view by Nooresh on Sensex/Stocks/Commodities |
- L&T Finance Derivatives inclusion and OFS, Sensex churn at 50% , Spicejet Holi Dance & Goldman Sachs Nifty Target 7600
- L&T Finance Derivatives inclusion and OFS, Sensex churn at 50% , Spicejet Holi Dance & Goldman Sachs Nifty Target 7600
- Marksans Pharma – 20% circuit. Recommended in Technical Trades March 2014 report.
| Posted: 19 Mar 2014 11:42 AM PDT There have been some interesting articles which i read in the last few days.
We had covered how L&T Finance inclusion into OFS was a bit fishy few days back – L&T Finance Holdings – Inclusion into Futures and OFS – Something fishy ?
Here are articles by moneycontrol and economic times questioning the move.
Over the last few years we have been mentioning the importance of weightages of Nifty/Sensex. How RCOM at 4.2% was 7th highest in 2008 is no more in the index and ITC is up from 2.2% to almost 9-10%. All indices are survivorship biased and bad stocks continue to go out because of free float market cap considerations. Couple of my older articles ( there are many ) where we used Nifty calculator to understand possible downsides/upsides. In December 2011- What is Nifty and What is your Target for Nifty ? In August 2012 Nifty 50 Index – Weightages and Free Float Market-Cap
In this article CEO of Ambit Capital comes out with an excellent analysis on how the Sensex churn is 50% and over a 10 year period only 15 companies survive out of the 30 in the index.
Recently Spicejet had conducted eight flights on which there was a dance to celebrate Holi. One of the youtube videos i saw online https://www.youtube.com/watch?v=MgjHTF0VbBM The DGCA did not like this and has sent a show cause notice
Recently goldman sachs upgraded India to marketweight and increased target of Nifty to 7600. On the same day Goldman Sachs also launched the PSU ETF .
Couple of articles by Deepak Shenoy of Capital Mind on 7600 target and PSU ETF – Goldman Sachs' Nifty 7600 "Target" is Just a Load of Bull & The Low-Down on the PSU- ETF Where The Govt "Quasi" Divests Its Holdings
My view – There are 10 foreign brokers and 10 different targets and generally none of them come on the target date
This is my article on some foreign brokers who went bearish in December 2011 and markets bottomed out in the next days and never seen that price again ( did fall 300 points in those 10 days )
Another article in December 2012.
They had recently gone very bearish in August 2013 too and we are now at new highs. Foreign brokers turn bearish on markets, downgrade Indian stocks
Generally foreign brokers or any broker is pretty bullish its only when they get bearish in a herd its a good signal for investment.
Do read and post your comments.
Technical Trades March 2014 report and an exlcusive Webinar on Indian Elections – Do they change market trends or otherwise ? Subscribe for Rs 999
https://www.instamojo.com/noooreshtech/technical-trades-march-2014-webinar-on-india/
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech L&T Finance Derivatives inclusion and OFS, Sensex churn at 50% , Spicejet Holi Dance & Goldman Sachs Nifty Target 7600 is a post from: Technical view by Nooresh |
| Posted: 19 Mar 2014 11:40 AM PDT There have been some interesting articles which i read in the last few days.
We had covered how L&T Finance inclusion into OFS was a bit fishy few days back – L&T Finance Holdings – Inclusion into Futures and OFS – Something fishy ?
Here are articles by moneycontrol and economic times questioning the move.
Over the last few years we have been mentioning the importance of weightages of Nifty/Sensex. How RCOM at 4.2% was 7th highest in 2008 is no more in the index and ITC is up from 2.2% to almost 9-10%. All indices are survivorship biased and bad stocks continue to go out because of free float market cap considerations. Couple of my older articles ( there are many ) where we used Nifty calculator to understand possible downsides/upsides. In December 2011- What is Nifty and What is your Target for Nifty ? In August 2012 Nifty 50 Index – Weightages and Free Float Market-Cap
In this article CEO of Ambit Capital comes out with an excellent analysis on how the Sensex churn is 50% and over a 10 year period only 15 companies survive out of the 30 in the index.
Recently Spicejet had conducted eight flights on which there was a dance to celebrate Holi. One of the youtube videos i saw online https://www.youtube.com/watch?v=MgjHTF0VbBM The DGCA did not like this and has sent a show cause notice
Recently goldman sachs upgraded India to marketweight and increased target of Nifty to 7600. On the same day Goldman Sachs also launched the PSU ETF .
Couple of articles by Deepak Shenoy of Capital Mind on 7600 target and PSU ETF – Goldman Sachs' Nifty 7600 "Target" is Just a Load of Bull & The Low-Down on the PSU- ETF Where The Govt "Quasi" Divests Its Holdings
My view – There are 10 foreign brokers and 10 different targets and generally none of them come on the target date
This is my article on some foreign brokers who went bearish in December 2011 and markets bottomed out in the next days and never seen that price again ( did fall 300 points in those 10 days )
Another article in December 2012.
They had recently gone very bearish in August 2013 too and we are now at new highs. Foreign brokers turn bearish on markets, downgrade Indian stocks
Generally foreign brokers or any broker is pretty bullish its only when they get bearish in a herd its a good signal for investment.
Do read and post your comments.
Technical Trades March 2014 report and an exlcusive Webinar on Indian Elections – Do they change market trends or otherwise ? Subscribe for Rs 999
https://www.instamojo.com/noooreshtech/technical-trades-march-2014-webinar-on-india/
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech L&T Finance Derivatives inclusion and OFS, Sensex churn at 50% , Spicejet Holi Dance & Goldman Sachs Nifty Target 7600 is a post from: Technical view by Nooresh |
| Marksans Pharma – 20% circuit. Recommended in Technical Trades March 2014 report. Posted: 18 Mar 2014 11:56 PM PDT In our latest report released on Monday we had recommended Marksans Pharma. The stock has hit our 1st target. It is up 18% today and hit the 20% circuit filter in the day at 21.45
This is the chart and the comments as put up in the report.
-> Another favorite of the 2008 period the stock had a bad time for last many years. -> Recently the stock has moved from1-2 rs to 20 in the last 1 year due to a string of superb results and a total turnaround. -> For the last 3-4 months the stock is consolidating before it sets up for another breakout move. -> One can buy the stock at 17-18 with a stoploss of 15.5 and a target of 21/25. -> Punters expect it to touch even 40 in the medium term. High risk high return stock.
There are many other stocks in the report. Some of the high conviction stocks are actually a a percent or two below the recommended price and at an excellent buy zone.
Most importantly with the above report you will also be entitled to attend a detailed technical presentation on impact of Indian Election results. This is a report which is around 60 odd slides and will last an hour. Also there will be a Q&A session.
As the webinar is supposed to be educative and may or may not contain stock recommendations , we have clubbed it with the Technical Trades Report.
You can subscribe the report online for Rs 999.
https://www.instamojo.com/noooreshtech/technical-trades-march-2014-webinar-on-india/
For all our advisory services do check – www.analyseindia.com or mail us on analyseindia@analyseindia.com
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Marksans Pharma – 20% circuit. Recommended in Technical Trades March 2014 report. is a post from: Technical view by Nooresh |
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