Technical Analysis of Indian Equities by Nooresh

Index should pause now and Side Counters to be in focus —-

Hi  All ,

NEW ANNOUNCEMENT -

The blog which was till now hosted on BLOGGER will now soon be shifted to a self-hosted wordpress blog which will have a totally new compact design and more features.

The new link would be www.nooreshtech.co.in

So for the next few days there might be certain issues with accessing the blog and no updates would be posted on Monday/Tuesday.

Small update tonight :

Sensex should take a pause and side counters would dominate.

Stock View :

Amtek Auto hit the stoploss at 175 but did not give chance of an exit as some bulk deal which is change of hands took place at 170. Keep a closing stoploss of 167. Reduce positions to 180-185. Stock could give a sharp move on close above 190.

Grasim gave a good move in the day. DIC still looks good.

MNC pharma companies are getting into the limelight and one can expert sharp moves in Aventis Pharma, Glaxo and Pfizer in coming days. Even Auro bindo Pharma/Sun Pharma  looks good.

TECHNICAL ANALYSIS TRAINING SESSION PLANNED FOR CHENNAI or COIMBATORE

Interested people call Nooresh 09819225396 to confirm so accordingly we can schedule in next few weeks.

Regards,

Nooresh

Article by Nooresh Merani

Nooresh has written 2615 articles.

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