Technical view by Nooresh

Trade Pullbacks invest in dips only …..

Sensex Technical View :
It was mentioned yesterday that the gap at 15350 should get filled in coming days . The gap is filled today and Sensex made a low around 15300 odd . Pullback shud face resistance at 16050 and 16450 and only above those levels could we see a better bounce. Strategy should be to trade the pullback rallies and investments be taken only cracks or dips with a view of medium term for limited upside.

Stocks which look good for an upside momentum :

Reliance Inds can touch 2430-2450 ,RPL 176
MTNL and Skumars Synthetics can see bounce from bottoms .
Lanco Infra above 415 can touch 450 .
High risk players can also look out for IOL broadband and TTML for bottom fishing

Another trade after some time sent to clients .
01-Apr-2008 13:23:07

Buy RPL small qty at 158 stop of 154.8 tgt 163 . If crosses 164.5 buy for momentum 176 tgt.

01-Apr-2008 14:06:47
Day traders can book part in RPL at 163 and raise stop to 158 and if crosses 163.5 next tgt 169-176.

01-Apr-2008 14:32:49
RPL moving as expected book part if u have not. Raise stop to 159.8 next tgt 169-176.


MUMBAI APRIL 2nd Weekend.

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.

WIll soon start updating the Video Blog .

BEst Regards,


09819225396 ( after mkt hours 😉

Article by Nooresh Merani

Nooresh has written 2532 articles.

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