Technical Analysis of Indian Equities by Nooresh

Nifty .. breather …

Well its been long i have written my view on da sensex or da nifty .. coz i m no where near

to the stock quotes in da day ..

And i believe if u have to comment on something u got to be close to it to get impulses and vibes ..

So i never do comment on short nifty or sensex movements now .

But if people do remember i warned every1 of 9600 and 8900 at 11500 -11800 levels..

Currently what i see is a correctional dip in near term .. maybe another 200 points on sensex on upside is max .. well markets do love to kill plungers..

People can check da channel shown …

But i am sorry to say bears i still dont see any huge May type movements ..

I would have loved to recommend stocks for shorting and say i am good at bear movements too ..

But i as a trader or analyst m bullish on sensex for long as evry1 who is reading my views know it the view remains da same bull wave to start arnd sept to jan n mit be beyon thots..

Well there have to be corrections ..

I as a trader would love to short stock which is gonna be dead.. but never as a plunger do i look for tops .. i.e for bulls sell at tops..

So when i see a fresh downtrend in anay stocks will put it up ..

Rit now lookout for a quick buck shorting and covering in da day mind u , in grasim below 2650 , Abb below 3380 , IPCl below 280 …

Actually personally i m looking towards a dip so that i can add into my long term portfolio ,, i like
Also all the earlier recommended stocks continue to be good coz stock specific bullish moves will continue … corrections are meant to reneter and add not to sell for..

it cheap like all do..
Soon i will come up with a stock list to lookout at lower levels..

Article by Nooresh Merani

Nooresh has written 2744 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment