Will Sensex pause around 18k – Seems So

By Nooresh In Sensex Technical VIew Technical Analysis Last Updated On: 16/04/ 2010

SENSEX TECHNICAL VIEW :

As i have been mentioning for quite some time Sensex could look towards 18k as a resistance band. Till we dont close over 18400 it wont be a breakout.

I would continue to stick to the adage of reducing or avoiding leverage at the appropriate time. 18k is an are where one should avoid leverage in Futures/Options and be hedged atleast. Generally midcaps/small caps move in this period.

Just yesterday had mentioned about Small caps to start moving. The chart of small cap index would make it clear !!! …. So start focusing on quality midcaps/smallcaps with strict stoploss.

Nooresh

www.analyseindia.com

Article by Nooresh Merani

Nooresh has written 2711 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

Follow @NooreshTech

{ 2 comments… add one }

sanjay April 5, 2010, 04:20
good post. Hope midcaps roar.. 🙂

Reply
imti April 5, 2010, 16:29
The momentum is very strong, intresting to see if we see a correction at this level

Reply

Client Testimonials

In 2 days, I learnt everything about Technical Analysis. I got much more than what I had invested. Excellent course - A must do for everybody in the stock markets

Kalpesh Oswal

“The best part is that I was never worried when the markets were down last year. I sold and bought, bought and sold at relevant stoplosses and targets. I have made good money.”

Anand Biyani, Research Analyst

View More Testimonial...

About NooreshTech

Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
Founder - Analyse India.
Also consults for an institutional broking firm.

I have been blogging for the last 8-10 years with detailed, crisp and accurate views on Indian Stock Markets as well as global indices and commodities.

IT Engineer by qualification

Blogger/Educator/SEBI Registered Investmnent Adviser.

Writing actively on this blog for 8-10 years now

Guest Analyst - CNBC, ET Now, Bloomberg etc.

Full Time - Trader/Investor/Trainer/Adviser

Read more here - http://www.nooreshtech.co.in/about

http://www.nooreshtech.co.in/disclaimer

Site designed by ThesisCustomizationservice.com

Will Sensex pause around 18k – Seems So