Technical Analysis of Indian Equities by Nooresh

14000-14400 and 15500-15800 Ranges

Sensex Technical View :
Sensex has seen some mild support around 14400 zones . Technically 14000-14400 zone on the lower side and 15500-15800 on the upside which are the major support and resistance bands in the short term . Traders can use these levels for stock specific positions or directional calls.

Stocks to watchout for :
Insecticides India gave a breakout above 60 hit 67 and looks good for 75 hold and add . Fundas are decent too.
Ansal Infra looks good for a bounce.

Rolta if able to sustain 345-350 on closing basis would mean a breakout on weekly charts and could go all the way to 390-400 ++ . Investors can look to add slowly on dips for long term only.

Speculative traders can watchout for Walchandnagar Inds and Gtl infra as they start trading in FNO segment from tom.


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No daily post today as not much time was left for it 🙁

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Article by Nooresh Merani

Nooresh has written 2774 articles.

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