Technical Analysis of Indian Equities by Nooresh

Global Indices on a Run – Dow Jones, Dax, Nikkei, Hang Seng , Ftse, S&P 500

 

Global Indices have rallied 9-12% from the lows.

Dow Jones

Its up 9% from the recent lows. Did not make a new low in Feb like Nifty

Dow Jones

FTSE --- Up 11% from the lows. Though has been in a strong downtrend.

FTSE

DAX --- Up 12% from the lows.

Dax

Hang Seng --- In a very strong downtrend but stil

Hang Seng

NIKKEI --- Up 11% from the lows.

Nikkei

S&P 500 --- Up 9% from the lows.

S&P 500

In my earlier detailed webinar and presentation - Is it the right time to buy Equities have mentioned about how this is a formation similar to 2011-2012 where we saw a huge jump from 4500 to 5600 in 2 months. Also it was a global bottoming out.

The catch up of Nifty with Dow. Still some more to go for near term catch up it seems.

Continue to maintain the long term stance. Also midcaps/smallcaps have not really paid catch up so its a good time to load up to select names.

Nifty Catch up

 

Another Interesting article - A must read

It’s time to call the Bullshit in Equity Research…. https://friendswithzero.wordpress.com/2016/03/03/its-time-to-call-the-bullshit-in-equity-research/  A hard hitting article by @friendswithzero #equity #research

Article by Nooresh Merani

Nooresh has written 2755 articles.

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{ 2 comments… add one }
  • Mohit March 3, 2016, 13:37

    some brilliant piece of work .congrats !!

    Reply

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