Technical Analysis of Indian Equities by Nooresh

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Nifty – Gap filled , trendline touched now time to rally. Power of Trendlines.

NiftySept

 

Nifty Technical View:

 

The buy area for Nifty as mentioned was around 5250 and the precise levels are 5220-5260 gap which is done and any dips closer to that area with a positional stoploss of 5150 and short term stops at 5190.

 

Even bank Nifty came into our buy area of 9800-9900 as mentioned in previous posts - http://www.nooreshtech.co.in/2012/08/nifty-gives-the-first-breakout-hint-and-now-a-dip-bank-nifty-drift-continues.html 

 

Meanwhile one can read this detailed report on Power of Trendlines sent to our Newsletter Clients mentioning about how 5200-5250 will be tested and then we can see a strong recovery. Believe tomorrow is the start of it.

 

POWER OF TRENDLINES POWER OF TRENDLINES

 

 

TECHNICAL ANALYSIS TRAINING SCHEDULE

MUMBAI SEPT 15-16

ONLINE TRAINING PROGRAM SEPTEMBER 22-23 tentatively

 

For more details call Nooresh 09819225396 or N S Fidai 09920120878 or mail toanalyseindia@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2613 articles.

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{ 6 comments… add one }
  • bhanu September 7, 2012, 08:22

    Dear Nooresh,
    What is the entry point for Jain IRG. can i average at the current price 61?
    Thanks
    Bhanu

    Reply
    • Nooresh September 10, 2012, 01:26

      Hi bhanu,

      Let it stabilize at lower levels or review after some time.

      Reply
  • MEHUL THAKKAR September 7, 2012, 19:49

    dear nooresh sir,

    Extremly good work as forever you are doing.When ever Other Analyst Are confusing common People ,you always help and Teach all general and common person like me.This is very good work and Appriciate Heartly That You Are helping and Educate All People.Keep It Up

    Reply
    • Nooresh September 10, 2012, 01:25

      Hi Mehul,

      Thanks for your kind words.

      Just posting our ideas with honesty πŸ™‚

      Reply
  • bhanu68 September 10, 2012, 10:37

    hi Nooresh,

    do you see any buzz in Deccan Chronicals? Do you advice buy?

    Thanks
    bhanu

    Reply
  • Tejas September 11, 2012, 18:52

    Great
    It touched 5400 level today
    How is the next Trendline?

    Reply

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