.: Technical view by Nooresh on Sensex/Stocks/Commodities

Wednesday, 10 September 2014

Technical view by Nooresh on Sensex/Stocks/Commodities

FDC Limited – Fresh Momentum possible

Posted: 09 Sep 2014 10:39 PM PDT

FDC Limited Technical View

We have been recommending the stock from 135 levels as a safe bet.

Good management and shareholder friendly with buybacks/dividend track record.

Technically the stock first gave a breakout above 145 and then has been consolidating between 145-167

A fresh momentum above 165-167 can take it to 185-200 in short to medium term.

A momentum trade would be with a stoploss of 157. But investor can hold this with a long term view as well.

Disclosure : Recommended to clients as well as on CNBC in this video – http://www.moneycontrol.com/news/stocks-views/buy-cipladeclines-may-test-rs-750-nooresh-merani_1174292.html

FDC Limited – Fresh Momentum possible is a post from: Technical view by Nooresh

Textiles in Focus – KPR Mills top pick

Posted: 09 Sep 2014 09:39 PM PDT

Yesterday i had tweeted about how we at Analyse India like Textile sector and our top two bets would be Vardhman Textiles and KPR Mills.

Both are large companies and can see a lot of institutional interest going ahead.

We believe the times are changing for textile companies. This is similar to the bet we had taken on Chemical stocks a year back – Atul Limited, Aarti Industries, Apcotex and so on ( we still like the space and have recommended Camphor and Allied Products recently( will mention in another post))

Lets hope things go on expected lines. There are many other choices in the sector which may not be highly liquid but with good fundamentals.

This is the chart for KPR Mills

KPR Mills Technical View

After consolidating around the 230-270 mark the stock has finally given a breakout with strong volumes.
Any dips to 270-290 zone will be an area to buy and also add further on declines.
Looking towards a target price of 400-450 but one can keep this as a core pick for a couple of years too.
Disclosure – Covered in our Big Value 2.0 at 275-280 levels.

Textiles in Focus – KPR Mills top pick is a post from: Technical view by Nooresh