Technical Analysis of Indian Equities by Nooresh

Wait for opportunities….. dont hurry …

Sensex Technical View :
Sensex continues to remain in a range bound move and resistances are at 18300-18500. On the upside a fresh move could only be seen above 19000 levels. Dips should see support around 17500 -17200 range where one can look for bottom buying till then be extremely stock specific and trade for short term. Next 2-3 weeks should see lot of factors being discounted and stability. Investors can continue to go staggered in buying.

K S Oils looks good on charts above 87 can touch 100 levels in short term. Promoters have increased stake which is a good sign for long term.

Sun Pharma Advanced looks good with a view of 3 mths to 1 year . 90 odd level is a good investment zone for accumulation.

Best Regards,

Article by Nooresh Merani

Nooresh has written 2740 articles.

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