Technical view by Nooresh

Can we have a conclusive move below 8800 or above 9300

Sensex Technical View :

The index seems to be taking a breather or stalling around the 9100 band. The recent low around 8800 could be a level to watch on downside for a small confirmation or a move beyond 9300 to give a momentum. 

On the time analysis front we are in the last few sessions as March end period is nearing. We may re-look into that front after April 2nd week giving a leeway of a week or two. 

So continue to remain cautious and wait for a confirmatory moves on either side.  

The sideways move for the last few days might have tricked a few stops if one is not a quick trader as the moves have been in side midcap stocks. So wait for a fresh confirmatory move to increase trading volumes. 

Stocks to watchout :

Cairn now one can look to book profits fully ,TVS motors 20 stop , Havells does 135 +, Gmr infra crosses 85 this time and may touch 90 in short term. India cements dips below 94 and looks weak for more if sustains below. GNFC hold.


Seems a buy above 95.5 for a small tgt of 99-101. 

Small cap stocks which do need a look up on fundamentals 

Elecon Engg ,Emco Ltd , Easun Reyrolle, Kirloskar Brothers , Kirloskar Electric , PSL ltd , Himadri Chemicals seem interesting on a first look .Although options are many listed a few. 

Readers if tracking these stocks or have some good reports or study on the same mail to . As we need to start looking into value picks for long term as options are many so need to keep shortlisting. 


Interested people can call - 0981922539 Nooresh for more details. ( aftr mkt hours ). 

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment