Technical view by Nooresh

Sensex – Short Term Bottom in Sight, Bounceback on Cards.



This is a detailed update on the current market scenario with our favorite stocks. In our previous updates a couple of weeks back at 5400-5100 we had mentioned one should at least keep 50% cash.


We consider the next few weeks would be a good time to start deploying cash but keep in mind to book partial profits on bounce backs.


Expect the markets to find a short term bottom in the range of 15600 ( + – 200 points) and traders can keep a stoploss of 15400 on closing basis if going leveraged.


Download the latest presentation from the following link below


Sensex - Short Term Bottom in Sight


Happy Investing ,


Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2531 articles.

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{ 4 comments… add one }
  • Rakesh August 30, 2011, 23:27


    Wishing you and Analyse India Team a Very Happy Eid.


  • pratik September 16, 2011, 22:20

    hi nooresh,

    do you have workshops or training’s for intraday technical analysis?

    • nooresh September 19, 2011, 09:24

      Not exactly for day trading but on technical analysis


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