Technical Analysis of Indian Equities by Nooresh

Nifty Technical View and Some Charts of Nifty components

This is just a picture of how Nifty and some of its components are interestingly placed. Do your own research and this is not a buy/sell recommendation.

Nifty Technical Chart

Nifty short term

  • 7400-7450 and 7600-7630 remains a band for the index now.
  • Overall continue to maintain the stance of being bullish for long term and this being a correction like 2011.
  • Channel continues to remain in place 6700-7900 the major boundary for the same.

Some Nifty components

TCS - crosses 2400 but bunch of resistances at 2450-2480

tcs

SBI - 190 a short term resistance.

SBI

Reliance Inds --- A strong recovery from lows but 1050-1100 a problem zone for long time now.

Reliance Inds

Mahindra and Mahindra --- Bounce from exact supports. 1280 a resistance.

Mahindra and Mahindra

Lupin - This looks like one ugly chart after todays move.

Lupin

Infosys - Was pretty firm in the correction. Will it cross 1200 and breakout ?

Infosys

ICICI Bank --- 235-245 a tough resistance.

icici bank

Hindustan Unilever - Can it breakout above 870

Hindustan Unilever

HDFC Bank --- 1040-1050 a resistance.

HDFC Bank Trendline

HDFC Limited --- Reversal after false breakdown but trend change above 1180-1200

HDFC Limited

 

 

 

 

 

 

 

 

 

 

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Article by Nooresh Merani

Nooresh has written 2733 articles.

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{ 1 comment… add one }
  • SREENIVAS March 25, 2016, 13:54

    SIR, WHEN IN BANGALORE? TRAINING

    Reply

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