Technical view by Nooresh

50 dema supports Sensex n Nifty …Rain Calcining…


The historical channel top at 60 odd levels. This is the fifth attempt at 55-60 zone!! If sustains above 62-64 levels can lead to a fresh upmove to 75-95 levels.. Only concern is stoplosses would be little deeper so do ur fundamental research ....

Sensex Technical View:

Sensex and Nifty have bounced back from 50 dema levels which is generally a good support in short term corrections. Bounce from these levels should see resistance 19100-19300.

Review: Revathi Equipments one of the 1 yr stock recommended alongwith Easun reyrolle hits 20% freeze . Keep holding for good long term gains on both the stocks... Pnb , Ntpc look good for investors.

Stocks to watchout for:

Majestic Auto for intraday freeze...

Prajay Engineers Syndicate and Great Offshore look good for 3-4 mths view with 15-25% gains . Slowly accumulate as great fundamental stocks with technicals confirming..

TECHNICAL ANALYSIS SESSION MUMBAI DEC 1-2 . Confirm ur seats if u r seriously interested.

The course is designed in such a way that u need no knowledge of technicals or fundamentals just brief idea of mkts. The course is meant to train and make people independent and be able to analyze the way we do it in a simple manner. All those who are really interested in learning the analysis can get in touch if they have any queries . Nooresh 09819225396.

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Article by Nooresh Merani

Nooresh has written 2532 articles.

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