Technical Analysis of Indian Equities by Nooresh

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Sensex 18700-17800 is the new range. Silver about to top out for short term.

Range

Sensex Technical View:

The new range for Sensex now seems to be 18700-17800 as seen from the trendline and near term tops.

We need to watch for a conclusive move out of the range for some directional move.

 

Silver Technical View:
According to our Commodities Analyst Silver seems to be topping out near term.

For full post read here - http://www.analyseindia.com/analyseindia/readPost.jsp?postid=48 

 

For the chart click here - http://www.analyseindia.com/website_uploadedFiles_techno/877573534.png

 

Those who would like to get a free trial for commodities

 

Mail to freetrial@analyseindia.com

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Stocks to watchout for:

Bhushan

 

 

Random Thoughts:

According to one school of thought at the end of the financial year March 2011 there is a good possibility of a pullback in smallcap/midcap stocks in the last few sessions of this month to prop up the NAVs.

Also crude prices may stabilize over the next couple of weeks as it is not a demand backed move but a speculative move on possible supply shocks which are nowhere in picture as of now.

In all this case March end would be an interesting time πŸ™‚

Article by Nooresh Merani

Nooresh has written 2595 articles.

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