Technical Analysis of Indian Equities by Nooresh

Sensex 17000-17300 Nifty 5120-5170 Very strong supports – Fear at a high. Selective Buying Advised.

VIX

 

 

INDIA  VIX made a top day before yesterday with the sudden spike down. VIX tends to top at 25 levels and market bottoms out at such high vols.

So we have either made a bottom or very close to it. Time for Selective Buying

 

RSI

 

RSI is back to the lower end and has generally not gone much below current levels in normal scenario. Exception being Oct 08 and Jan 08 which were out of the blue scenarios.

 

Top Picks in the index – HUL , ITC , HDFC Bank , ICICI Bank , Maruti , Bharti Airtel

 

Midcap Picks – First Leasing , BOC India as defensive slow moving picks.

 

Will be posting more about specific stocks as doing more research

 

Regards,

 

Nooresh

Article by Nooresh Merani

Nooresh has written 2581 articles.

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{ 5 comments… add one }
  • Mahesh June 22, 2011, 11:50

    July 1st week major fall.

    Reply
  • puneet June 22, 2011, 15:59

    Sir,
    do you think that investments can be made at these levels for the long term?

    Reply
    • nooresh June 22, 2011, 21:50

      Hi Puneet,

      Look for stocks like Divis, Godrej inds, Aditya Birla Nuvo for long term

      Reply
  • mehul October 28, 2011, 21:40

    iwould like to know few large caps which may give rise 10% to15% rise from current levels for period within a month. please answer me buy tommorrow so i can buy it on monday and interested to join daily stock tips for trading. send details of the scheme. thanks

    Reply
    • nooresh October 28, 2011, 22:32

      Hi Mehul,

      Please keep reading the blog for more inputs.

      We dont give free calls 🙂 as such but we do give our analysis on the blog.

      For more about our services check http://www.analyseindia.com or call Asif 09833666151

      Reply

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