Technical Analysis of Indian Equities by Nooresh

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Holiday Mood on the Street !! –

Markets in Holiday Mood !!! — Sensex Technical View: Currently the index seems to be in a holiday mood with no major moves on either side. We may expect the lacklustre moves to get over only if it is able to cross out of the range 19500-20300. Till then it’s [...]

Sugars did 15% ! Hindalco watchout above 228-230

In the last updates had mentioned to shift from penny stocks and underperforming ones to sugar stocks. All the recommended sugars did a move of 8-15% in quicker time. Maintain the medium term outlook on the sector with a view to re-enter qty sold at current levels. Have advised booking [...]

Quick Technical View on Large Caps –

Sensex Technical View:   The crack has been much deeper and faster then expected though a possibility of 10% correction and re-test of channel was considered many a times but not in such quick time. This suggests index may now get into a tight range of 18800-19800 for some time. [...]