Technical view by Nooresh

Sensex at 16k-16.6k , Time to be Optimistic not Scared.

As mentioned last week that i would be out with a detailed report.

The view is to buy around 16000-16400 stoploss 15900 ( traders )  and stoploss 15600 ( investors) on closing basis. For a good bounce in next few weeks.

Technical Reasons explained for Sensex as well as technical view on Dax, ftse, Dow Jones, Hang Seng , Shanghai, Crude and probable scenarios for Sensex.

Go through the report below and please post your comments. Click on the links to download. If possible would post the ppt in blog readable format in the day.

Sensex at 16.6k Time to be optimistic - - Powerpoint Show

Sensex at 16k-16.6k , Time to be Optimistic not Scared.

The above presentation is my personal view which can be naive and short-sighted so please do your own adequate research and risk management before taking equity exposures.

For any queries please mail to us on



Article by Nooresh Merani

Nooresh has written 2531 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 2 comments… add one }
  • Anoop May 21, 2010, 02:18

    Hi Nooresh,

    It’s a very informative presentation about market trends. Hope it pans out like this only. I have a question about stop loss.

    In your opinion, is it better to use stop loss giving by the broker site while buying or do the manually monitoring and sell when it hits that value? Giving stop loss when buying the share seems to be the best as manually I can miss it. What is your view about this??

    Thanks and regards,

    • nooresh May 24, 2010, 05:51

      Hi Anop,

      If its a highly liquid stock can use a system stoploss at a little lower price then one advised. Manually is fine if you are tracking the markets and are disciplined.




Leave a Comment