Technical Analysis of Indian Equities by Nooresh

Nifty – A risk-reward buy Opportunity at 5950-5970

NiftyBuy

 

Nifty Technical View:

 

It is now very close to the trendline support of 5930-5950 and recent bottoms at 5940.

A medium term trade would be to buy with a stoploss of 5840.

A quick trade could be to buy with a stoploss of 5920 on spot levels.

 

Index stocks to buy – Reliance Inds, BPCL, HDFC look interesting. Even BOB

 

Disclosure : Looking towards fresh longs and have advised a few now.

 

TECHNICAL ANALYSIS TRAINING SESSION – WEBINAR    planned for Feb 3rd weekend.

 

For more details mail to analyseindia@analyseindia.com

Regards

Nooresh Merani

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Article by Nooresh Merani

Nooresh has written 2557 articles.

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{ 1 comment… add one }
  • gandhe srinivas February 6, 2013, 21:20

    Dear Sir

    Please share your thought on
    1.Glenmark.@ 516
    2.Relaince capital @ 505

    Reply

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