Technical Analysis of Indian Equities by Nooresh

Will Sensex pause around 18k – Seems So

sensexboxes

 

 

 

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.

 

bsesmallcap

 

Nooresh

 

www.analyseindia.com

Article by Nooresh Merani

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{ 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

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