Technical view by Nooresh

Trade on Good Days … Relax on Others !!

Sensex Technical View :

After a good move for a couple of sessions we end up seeing some boring sessions. This pattern has continued and still remains in place unless we see a breakdown below the range of 8630-8750 soon. Continue to wait for next direction. 

Stocks to watchout for :

Colgate does the move up exit now. HDFC Bank , ICICI Bank and AXIS followed levels exactly. Infosys pulled back from 1160 as expected. 

Have put a few charts in the post below. 

Stocks that look bullish in short term 

Bajaj Auto , Maruti Ltd and PFC .. if able to cross 503/640/145 with volumes could give 5 -10% move. 

ICICI Bank below 355 , Axis below 375 and HDFC below 1350 could be the stocks to watch on short side. 

Best Regards,


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Article by Nooresh Merani

Nooresh has written 2531 articles.

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