Technical Analysis of Indian Equities by Nooresh

Dow Jones 10300-10350 and 10200 on closing basis will decide…

Its been a long time since we saw DOW cracking 200 + points and Nooresh making a post on the same. Also Sensex did not look at Dow for direction which almost made us forget DOW 🙂
The 200 pointer definitely makes a bad dent on the Dow chart but at the same time the index is now closing in on strong support zones.
10300-10350 is a short term trendline support. Also 10200-10150 zone needs to be closely watched to signal a change of trend. As of now we are coming to the zone but the next few sessions would give more clear signals.
Ideally one could expect a nice little bounce from the zones. So fingers crossed and watching.( Check charts posted below )
Sensex the chart has been posted just below this post which clearly shows 16600/16800 are the levels to watch for the reactions. Next few sessions would give clear signals.



echnical Analysis Training Schedule :

Mumbai ---- > January 23rd - 24 th 2010. ( 1-2 seats Left )
Delhi --- > February 6-7 th ( few seats left )


We have a few interested people in Delhi,Coimbatore,Hyderabad. So if people would like a session in their city please mail to analyseindia@gmail.com
Regards,
Nooresh
09819225396
noorrock2002@gmail.com

Article by Nooresh Merani

Nooresh has written 2582 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 1 comment… add one }
  • Anonymous January 25, 2010, 17:51

    sir pidilite is going to annouce bonus on 28/1.how much it can go to.

    Reply

Leave a Comment