Technical Analysis of Indian Equities by Nooresh

Some Quick Technical Charts

hdfcltd mnm titan BankofIndia hdfcbank

 

Also more such quick observations posted on www.analyseindia.com

 

Above is just a quick review and not a buy/sell recommendation so please do your own research. We may or may not take any action on above charts.

 

Currently our view is to stay on to cash and hold a mix of defensive and growth stocks which we like and have lesser downside risk. Technically we dont see many buying opportunities as the trend remains down in broader market apart from a few large cap cos everything is sinking.

 

As mentioned before we have been a buyer below 4950-4700 as 1st entry and 4300-4500. With the sharp bounce backs we could book profits previously so still holding lot of stocks and less equities

 

Regards,

 

Nooresh Merani

 

nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2582 articles.

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{ 1 comment… add one }
  • Rakesh November 24, 2011, 01:33

    Nooresh,

    Thanks for the update. We had breached 4700 on Nifty today, what is your view, more pain left. Why is only the Indian markets taking more beating than other markets.
    What does the VIX chart tell?

    Rakesh

    Reply

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