Technical Analysis of Indian Equities by Nooresh

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SBI —- Nearing a good long term entry point if falls any further.

  SBI –Very strong support levels at 1850-1950 zones. Would also be closer to 61% retracement.

SBI results a Cleanup – Sensex will it again pause or head to 17800/17300.

  Sensex Technical View:   With two shockers like SBI results and ONGC subsidy burden the two heavyweights led the breakdown. FInally some stocks have taken the lead on downside else market was going nowhere.   The near term trendline which was holding strongly has been broken as well as [...]

RBI will raise rates – Sensex 18700 or lower an entry point

  Sensex Technical View: In the last two sessions the drop in Sensex has been majorly due to the banking index and Reliance. Many PSU banks have dropped 5-10%. Is it because of a downgrade by Morgan Stanley or is it the sudden change in expectation of RBI rate hike [...]

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 [...]