Technical Analysis of Indian Equities by Nooresh


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Sensex, BSE Midcap , BSE Small Cap , Dollex 30 Technical Charts and Retracement Levels.

    Sensex Technical View: -> The fibonacci retracements are placed as follows 38.2% retracement – 15500-16000. 50% retracement – 14500. 61.8% retracement – 13000.       BSE Dollex 30 This is a good indicator as the major inflows is through foreign sources. The index did not cross the [...]

Panic coming in Midcaps/Smallcaps and Non Index Counters.

In Bse Midcap Bse Smallcap

Nifty is around the support levels of 5000 but we have seen some serious signs of panic selling in lot of midcaps/smallcaps which have knocked of 20-50% of their value in less then a week.   This sort of selling was not seen in drops till now. Although this implies [...]

Time to look beyond Nifty And Sensex —- Midcaps/Smallcaps are available at 12-15k Sensex levels.

A quick conclusion of the analysis on BSE Midcap Index      Although the benchmark indices Nifty and Sensex did go back to touch the 2008 highs the midcap and small cap indices came nowhere close to the 2008 levels. Currently the index is down 38% from 2008 highs [...]

In Adversity lies Opportunity !!!

The line seems to be apt for the current market scenario.   Although the current market breaking below the recent lows of 17300 and 5200 on Nifty does create a possibility of a breakdown. I see this current turmoil as an opportunity for stock specific entries.   This may seem [...]

Technical Picks – BPCL , Aditya Birla Nuvo

    BPCL – Continues to face resistance at 680 levels. Sustaining above it with volumes can give a quick move to 720 +     Aditya Birla Nuvo – This has been one of my favorites recently with a medium to long term view. Would maintain my short term [...]

Market has touched 16000 levels ?

Sensex        -                    – 17.75 %   BSE Midcap Index  -            – 29.67 %   BSE Small Cap Index -          – 34.27 %   BSE 100 Index -                   – 19.57 %   BSE 200 Index -                   – 20.51%   BSE 500 Index -                    – 20.54%   BSE Dollex -                           – 21.18 [...]

Sensex – Time to get range bound

  Sensex Technical View: Sensex has now made a low of 19074 which is higher then the previous low made at 18954 which is a good signal in near term. First signals of a turnaround would be if the current move can cross above 19800 ( 61.8% ). Ideally it [...]

Sensex and Midcap/Small Cap- a big Disconnect

Sensex Technical View : – > After the big crack from 21000 to 18954 the markets had to retrace back which it did by completing the 61% retracement where it was advised to exit short term longs or leverage as well as book positions averaged or new money deployed. – [...]

Sensex RSI negative Divergence. Time for Midcaps/Smallcaps to catchup.

Sensex Technical View: In the last 3 shots at new highs we have seen a declining RSI which is a negative divergence and is generally considered to be a weak signal but RSI is not the most reliable indicator. On the flip side when index broke just below 19800 we [...]

Micro Cap Coverage– Indag Restaurants and Leisure Limited

For the first time i am trying to recommend a small/micro cap which if works well could work out to be a 3-5 bagger or end up at 30-50% loss also in worst case. So in simpler terms i would call this section 1 ka 5 or 1 ka 0.5 [...]