Technical Analysis of Indian Equities by Nooresh

Large Cap Metals and Pharma stocks at Resistance–JSW Steel, Tata Steel, Sun Pharma and Dr Reddys

Quick Charts on a few large cap names near a major resistance.

Watching out for Metal Names and Sun Pharma looks a good risk reward

Nifty Metal Index – Crossing and sustaining 2100-2150 will be a breakout. One of the reasons to look at Metals is that lot of commodities have shown strong trends.

Nifty Metal Blog

JSW Steel – 202-205 mark to watch for.

JSW Steel Blog

Tata Steel – 350 mark to watch for.

Tata Steel Blog

One may even look at Nalco,Sail, Jindal Steel, Hindalco

The Top Weights of the Pharma Index finally setting up for a large move.

Sun Pharma – Yet again at the 500-515 mark. Slowly volumes picking up.

Sun Pharma Blog

Dr Reddys – At the 4150-4200.

Dr Reddys

Another interesting chart is how Crude has started showing momentum.Brent Crude


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Article by Nooresh Merani

Nooresh has written 2751 articles.

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