Technical view by Nooresh

Sensex bounces back from 17800 – Be Disciplined

Sensex Technical View:


As expected we saw a nice bounce from the levels of 17800. For now it seems the range of 17800-18500 is being maintained. Till we dont see a breakout above the upper channel or a break below 17800 one should continue the disciplined approach. Though index traders can get a lot of buy and sell trades which we do get in our Nifty Day Trades.


Stocks to watchout for :


GAIL has given a breakout and is headed to 490.


ACC has given a breakout at 885 should head to 920-940 in short term.


Disclosure recommended both the above stocks for short term trades.


Day traders can buy Ranbaxy with a stoploss of 496 and target 510.


Dish Tv seems all set for 58 in near term


Ramsarup Inds looks interesting for bounce back traders.


Stocks being researched for Small Cap Analysis - Sirpur Paper, Salora International, Nitta Gelatin, TCi finance -- Please mail in your views to me at


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Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 2 comments… add one }
  • Aravind September 4, 2010, 09:13


    I have been consistently losing money with trading…for the past 1 year.
    I hope to recover and earn money with your analysis…
    Just visited your website today….

    Hope it brings good deeds to me..

    • nooresh September 6, 2010, 15:47

      Hi Aravind,

      Keep reading for more. :)


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