Technical Analysis of Indian Equities by Nooresh

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Nifty — Bear Rally or Turnaround ?

    Nifty Technical View Nifty is still in a downtrend with lower top lower bottom but a close above 5170 will be first indications of a turnaround or a strong counter trend rally just like the previous one in March from 5180 to 5950 levels. Such a counter trend [...]

Capitulation – Markets pricing in 2008 ? – Time to stay alert for opportunities

                    Bottomline – 1) Technical Breakdown seen on Nifty but the indicators like RSI, India VIX, Leverage and volumes suggests markets highly oversold in the near term. 2) We may now need to wait for 3-4 sessions as to how Nifty/Sensex [...]

Sensex 13500 support for now……. Relax and Research!!

Sensex Technical View :Lets have a few observations :-- > The Head and Shoulders Pattern seems obvious but only issue is it can also see a test to neckline before achieving full tgts which point to 12k-12.7k. So next few sessions could be confusing with lot of volatility. -- > [...]

DLF,SBI and Tata Steel … Tae

4 charts and view on them . CLICK TO ENLARGE !!! Take your own call as per market conditions. Can take trades on short side only if stocks stay below breakdown levels for some time. Keep strict stops. Nothings changed on Sensex so view remains sameSensex Technical View :Sensex Technical [...]