Technical Analysis of Indian Equities by Nooresh

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Nifty – Back to the 8900-9100 resistance. What next ?

In Nifty Technical View

Before I go into the post let me just tell you this is just one of the approach to looking at the Nifty chart as of now. Nifty after making a top at 9100 in March 2015 and a lot of volatility in the 2 years is now back to [...]

Nifty RSI as oversold as 2008/2011 – But Midcaps/Smallcaps No Major Correction. Bottoming Out ?

Nifty has dropped from 8950 to 7950 in the last couple of months. This may not be as sharp a drop in percentage wise as it was in 2008/2011 but the speed of the fall on relative basis makes it as oversold as those times. Nifty - Oversold - But [...]

Nifty and CNX 500 Technical View.

In Nifty Technical View

Nifty Technical View Many bottoms at 8500. Resistance at 8750-8800. Can it see a move beyond this range in coming weeks. As the trend is still up the assumption would be a breakout on upside till 8500 holds. CNX 500 Technical View CNX 500 is a stronger higher top and [...]

#Smallcap Indices in All Time Highs and Outperforming Nifty!! Time to be Cautious and Selective !!

Hi, Nifty has done a solid bounce back much more than what I expected from the bullish point of view I had in February 2016. The trend continues to remain strong with higher tops and higher bottoms. The last bottom at 8540 would be a first zone below which would [...]

Nifty at 8500 up 25% from February Lows. Time to Ride or Step Aside ?

In Nifty Technical View

#Nifty has bounced back almost 25% from the lows of February at 6825-6860. Many stocks have bounced back much sharper. #YesBk up 75% , #HDFCBk 26% , #KotakMahindra 30%, #SBI 52% , #BOB 45% , #canbk 52% , #PNB 75% #BankNifty 38% from the Feb lows. #randomfact , #Vedanta 165% [...]

Nifty Technical View & 10 year Blogging Anniversary

In Nifty Technical View

In my last update had mentioned about increasing cash at 7900-8200. Nifty did not make that move beyond 8000 and dipped to 7700 in the interim. Now lets take a fresh view on Nifty Nifty Technical View Nifty has around 4-6 attempts at 7950-8000 over the last few months. The [...]

Nifty at 7900 and higher – Time to Increase Cash / Book Partial Profits.

In Nifty Technical View

This is a continuation to the Technical View on Nifty. Instead of writing a post with many charts decided to make a quick video but it ended up being a 15 mins video roughly. In this video we compare the moves of 2011-2012 bottoming out and the current one in [...]

Nifty Technical View and IIF Meet Video

In Nifty Technical View

Recently had written a few articles focusing on Nifty from different angles like technicals , p-e , Global Indices etc. I have consolidated the same into an e-book. Nifty Kya Lagta Hai - www.nooreshtech.co.in.pdf A quick follow up on Nifty Nifty Technical View For the last 12-13 months Nifty has [...]

Nifty Technical View and Some Charts of Nifty components

In Nifty Technical View

This is just a picture of how Nifty and some of its components are interestingly placed. Do your own research and this is not a buy/sell recommendation. Nifty Technical Chart 7400-7450 and 7600-7630 remains a band for the index now. Overall continue to maintain the stance of being bullish for [...]

Nifty 50 – Another set of exclusions/inclusions possibly coming in next 1 year.

Recently had written a few articles focusing on Nifty from different angles like technicals , p-e , Global Indices etc. I have consolidated the same into an e-book. Nifty Kya Lagta Hai - www.nooreshtech.co.in.pdf In a periodic review NSE removed PNB, Vedanta, Cairn India and replaced it with Aurobindo Pharma, [...]