Technical Analysis of Indian Equities by Nooresh

Sensex Lifeline ……..Still holding on …

Sensex Long term View :

As we had been discussing the Sensex Lifeline for a long time now … We had these very analysis for our view at 8800 and 12300 and previous bottoms …

check link and other on the right .. .

Current View :

Well on a monthly basis Sensex has taken a huge and quick crack from the highs and should take some time to stabilize . The current low has been close to the near term trendline from 12300 and 13900 bottoms as shown in previous charts . On the longer term basis the LIFELINE which has been respected for last five years is still not broken. Only on a 2-4 weeks close below the Lifeline would open up bearish alternatives or a long consolidation ….

Strategy for long term investors should be to wait and watch for stabilization and as always be disciplined and dont be in a hurry as an investment decision is not purely price but conviction on the business… Accumulate growth stocks with a mix of defensive ones also …. The long term growth story of India remains strong and technically i would be worried only below the lifeline … So do ur homework and be ready with the resources to be utilized but dont hurry …

Best Regards,



Article by Nooresh Merani

Nooresh has written 2744 articles.

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