Technical view by Nooresh

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


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.

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Stocks to watchout for:




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 :)

Article by Nooresh Merani

Nooresh has written 2531 articles.

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