Technical view by Nooresh

GMR infra ….. Can it cross 85 ?? …and updates


As per the bse announcements promoters continue to increase the stake in the stock. Technically it is yet again close to the resistance zone of 83-85. Will it be able to cross or the current move is only coz of promoter buying is a difficult question to answer. Volumes also are not great enough. 

So would prefer to watch for more clues. Traders who would like to take a trade can either buy above 85 or sell with a stop of 85 odd .... 

Sensex Technical View :

Sensex makes a high around 9024 and settles a little lower. Nothing consequential in the day as of now.The resistance on upside remains around 9100-9250. On the downside supports at the gap zones of 8480/8270 roughly. 

Stocks to watchout for :

Cairn continues to remain bullish for 174/185 in short term. Infy does 1260  ,  TVS motors keep a stop of 20. 


The stock continues to look strong on charts for a tgt of 174/185 . Buy on dips to 165-167 with a stop of 164 for the day tgt 174-178 . 

GMR infra chart posted above ... 

Speculative moves possible in Havells and EKC .. Technical speculation 

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

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