Technical Analysis of Indian Equities by Nooresh

Gold near tgt of 980… Booking advised.




As expected Gold gave a good move to 975 levels after crossing 930. Should face resistance in this zone of 980-990. Profit booking advised for traders as well as people holding on to their ETFs, Bees etc. 

Dow Jones : 

After bouncing back from 7700-7750 once has broken the supports and is testing lows. Expect a dead bounce from 7400. The major support levels are placed around 6800-7200. 


Best Regards,

Nooresh 

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Article by Nooresh Merani

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