Technical Analysis of Indian Equities by Nooresh

Technical Charts – Reliance Inds, ACC Ltd, Axis Bank , Canara Bank and Crude Technical View

The latest update on Crude Technical View was posted on

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Keep reading the above link and further updates on Analyse India Website for more information – www.analyseindia.com

It has all the details about our services too.

 

RIlresistance

 

RELIANCE INDS :

Needs to cross 1060 to head to 1100 odd.

Supports now placed at 1010.

acc

ACC :

Small breakout but may face resistance at 1045-1050

axisbank

 

AXIS BANK :

The stock has not been able to clear beyond 1345 in the past 3-4 attempts. Will RBI meet help it or will take yet another hit from the same level.

canrabank

CANARA BANK :

Almost a breakout ! Sustaining above 635 can take it to 670 +

 

Random Thoughts:

Many of the PSU banks and private banks have seen some buying in last two sessions as well as are well placed technically.

Is the market expecting a lesser cut from RBI ? or is the rate cycle nearing an end?

Difficult to take a guess but charts give a positive bias.

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Article by Nooresh Merani

Nooresh has written 2569 articles.

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{ 7 comments… add one }
  • zulfikar March 18, 2011, 10:31

    hello nooresh
    what is your view on modison metals and jmc projects over the next 3 months???

    Reply
    • nooresh March 18, 2011, 15:34

      Hi Zulfikar,

      Modison is a funda play. JMC i dont track closely now

      Reply
  • Ram March 18, 2011, 13:41

    Hello,

    We would like to contact you or a blogging engagement. Please let us know your contact details or drop a mail to
    xeragoindia@gmail.com.

    Thanks,
    Ram

    Reply
  • Anju March 18, 2011, 14:32

    Sir
    pls let me know ur view on SESAGOA
    i have 500 SESAgoa with avg rate 285 shall hold it or sell
    pls

    Reply
    • nooresh March 18, 2011, 15:33

      Hi Anju,

      M not tracking the stock closely

      Reply
  • SWAROOP KALE March 18, 2011, 15:39

    HI NOORESH. THE OPTIONS POSITION INDICATES HIGHEST OPEN INTREST IN 5500 CE AND 5400 PE. CAN THE NIFTY POSSIBLY BE IN THE 5400-5500 RANGE TILL ON EEXPIRY??

    Reply
  • satbir kangar March 19, 2011, 17:16

    DEAR Nooresh,

    May This Holi Come With Full of Happiness Like Colors of this Festival…..

    Reply

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