Technical Analysis of Indian Equities by Nooresh

S&P 500 and VIX–Fear at 10-25 Year Highs–Time to Buy and be Contrarian

Its been some time since have made a youtube video on the market condition ( 1st video in 2008(

Major bottoms in S&P 500 made when CBOE Vix tops out at 40-45.

2-4 sessions a low is made or in next 2-6 weeks average.

A lot of support price points get taken out in those few sessions but on a monthly closing we are back above it.

Next 2-4 weeks is a good time to spread out your buying.

Check youtube video -


Nifty 11000-11200

· Nifty channel supports at 11000-11200.

· Last major bottom at 10600.

· Expect a bottom on closing basis in this band of 11000-11200.

· A buy around 11200-10900 zone is a good strategy for the short term as well as with a view of 6-12 months.

Please read the disclaimer and do your own risk management. The bottoming out is scary and one has to spread out buying apart from being ready to see a quick 10-20% knock off also after buying stock specific but if the view is 6-12 months these are good times.

Large Cap IT Stocks look interesting for a risk-reward entry point .  ( Nifty IT close to the 15000-15500 lower support band)

Nifty IT

Time to look at smallcaps and midcaps too.

Article by Nooresh Merani

Nooresh has written 2726 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment