Technical Analysis of Indian Equities by Nooresh

Can nuke deal pull up markets ..?

Sensex Technical View :
Sensex it seems after quite a few sessions might see a recovery of more then 2-3 sessions. After 14700 break every pullback has seen the cleaning of in the week itself or less then at 2 sessions. Resistance in near term are placed at 14300-14500 zone. Important support zone on lower side is 12500 + - 300 points ( which is very crucial ).


For detailed technical view check the presentations . Will be again updating medium term technical view soon in detail with particular stocks also .

Strategy :
Investors can continue to buy only on dips and also be book partial profits if there is a bounce of 15-25 % in stocks bought so money can be rolled to over corrected stocks. Traders can look for stock specific bounces.

Stocks to watchout for :
All the nuke deal related stocks like bhel , siemens , lt ,walchand , hcc etc etc have seen speculative buying and could see some more move up if the deal goes thru

Bombay Dyeing , Reliance Capital and JSW steel in the large cap look good for short term bounce of 5 -10 % from current levels buy on dips stop of 500, 940 , 700.

Real estate stocks like DLF , HDIL could see a short term bounce .traders can keep a watch .

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For technical view presentations

http://www.4shared.com/file/52292941/78ee58d4/QuickGans_Technical_Analysis.html

http://www.4shared.com/file/52348854/4c2c005d/KAL_AAJ_aur_KAL.html

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Nooresh

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Article by Nooresh Merani

Nooresh has written 2556 articles.

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