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


SBI - 190 a short term resistance.


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.


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


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











Training Program Schedule ( will put a detailed post next week)

Technical Analysis Training Mumbai - Pay as much as u want - April 9-10th

Registration Fees = 2000

The Investing Lab - pay as much as u want - April 23-24th

Speaker - Puneet Khurana and Nooresh Merani

Registration Fees = 3000

Payment Link -

Seats on a first come first serve basis and max 20 participants.

Please mail to after payment.

Article by Nooresh Merani

Nooresh has written 2740 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

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



Leave a Comment