Technical Analysis of Indian Equities by Nooresh

Technical Views – Kotak Mahindra Bank / Reliance Inds /


Kotak Mahindra Bank :

The stock has been holding up the 200 dema for the last 1 year.

Will need to see if it can do the same this time around too. If stays below 440 it can drop down to 380-400 levels.


Reliance Inds:

In the last 1 year the stock has been in the range of 900-1100.

The big question now is whether it can cross 1100-1150. My preferred answer is yes but its need to be seen when. Ideally its Reliance Inds which now leads to take the leadership for Sensex.



Although my trades in real estate stocks have not gone beyond a week with precisely a view of getting 5-7% pops but people who are bullish on Real Estate can watchout if DLF holds



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Article by Nooresh Merani

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{ 7 comments… add one }
  • SIVA PRAKASH January 7, 2011, 17:43

    hello Nooresh,
    What is ur view about sensex now? It has broken 19900
    where will it find support.?

  • G.srinivas January 8, 2011, 06:53

    what is theiew for monday can we expect margin calls triggering later part of the day

    • nooresh January 10, 2011, 13:09

      Hi Srinivas,

      There are not many margin positions left in this market

  • rahul January 8, 2011, 12:18

    Hi Nooresh bhai,

    There are plenty of rumours of new scam, Govt will be dethroned, and so on. In such an environment what should be stance of an retail investor? What will be worst case scenario for the nifty?

    I am holding JSW STEEL from 1060 lavel ? Please guide me

    • nooresh January 10, 2011, 13:09

      Hi Rahul

      I dont track JSW steel very closely

  • madhu January 9, 2011, 08:53

    has RELINCE become bearish now?

    • nooresh January 10, 2011, 13:08

      Hi Madhu,

      Reliance is a stock to watch for over next few months could take leadership/.


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