Technical Analysis of Indian Equities by Nooresh

BSE MIDCAP and BSE SMALL CAP INDEX – Down 6-8% from peak and re-testing breakout zones. Short term bottom possible in next couple of sessions

BSE MIDCAP

 

BseSmallcap

 

In comparison to the current fall Nifty is almost 5% higher from the breakout point.

 

We can expect some short term bottom in the Midcap and Small Cap Indices. But some stocks may continue to remain in painful zone so one needs to be very particular on sticking to quality stocks.

 

Some stocks which we like in this dip are – Godrej Inds,Bombay Burmah, Raymond at 360-380

 

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Regards

Nooresh Merani

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Article by Nooresh Merani

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{ 5 comments… add one }
  • rashmi January 24, 2013, 21:10

    Sir plz tell ur views on ibsec after announcement of second interim div.is it a gud buy fr investment at this point.
    Regds rashmi

    Reply
    • Nooresh January 28, 2013, 14:28

      No view on the stock

      Reply
  • vritika January 28, 2013, 09:35

    Sir,can nifty come down to 5600.

    Reply
    • Nooresh January 28, 2013, 14:27

      Doesnt seem like in the near term. Will be looking at trend reversal only below 5940

      Reply
  • gandhe srinivas January 29, 2013, 22:09

    Dear Sir

    View on reliance capital

    Reply

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