Technical Analysis of Indian Equities by Nooresh

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I had boldy specified particular banking stocks which would gain today ...

Check it andhra bank frm 74 to 81 etc ...

All were up 5 -8% or more...

Markets did take support at 12800 level now bouncing to 13150 levels...

From here if markets have to sustain above 12800 for a week othrwise things can get a lil gloomy ... if markets break 12730 then cut your longs expect arnd 12050 levels ...

Markets will bounce to 13300-13500 levels at least and then settle... Bullishness can only be seen if we see bigger upmoves compared to the falls which generally doesnt happen in indian markets ...

Levels to look for are 12800 and 13300-13500 ...

stocks to lookotu for :


1) Jain irrigation

2) Gipco above 59

3) etc networks above 48

4) gruh finance and saksoft

Article by Nooresh Merani

Nooresh has written 2609 articles.

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