Technical Analysis of Indian Equities by Nooresh

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BSE DOLLEX 30 – Sensex in Dollar Terms is just 6-7% away from December 2011 lows

In Sensex

  Have generally looked into CNX Defty before but for the recent discontinuation of the Index by NSE    Some really important things to note.   -> The lows of 2300 odd is the number where Index has found support over the last 4 years.   -> Post the election [...]

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful – Nifty/Sensex Technical View

2 months back Nifty was at 6000-6100 levels with all investors, business channels – CNBC/ET Now etc , investors being gung ho about the Indian economy.   Now Nifty is at 5500 and suddenly everyone on the street has become ultra negative.   This is how market works – Sometimes [...]

Stock Specific Updates…

In Sensex Technical VIew

We have presented a view on some of the stocks mentioned below. Important Technical levels are mentioned with Targets and major support levels. Click on the link below to see charts and targets. http://www.analyseindia.com/analyseindia/readPost.jsp?postid=146

Panic has No Logic… Wait and Watch for oversold zones to review.

Over the past few days the cracks in the Broader Market has hurt lot of investors/traders. But we have been finding some hope with index still being above 4700. ( this is untrue ) Broader market is at 3800 and 13000 levels. ( look at this image - - http://www.nooreshtech.co.in/wp-content/uploads/2011/10/NiftyataGlance.png [...]

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 [...]

Nifty and Sensex – Stop Guessing the Bottom !!

Of late many of us have been talking about the Index and a good feeling comes is that Nifty and Sensex have just fallen 25% since 2008 or 2011 highs which is not really bad.   Everyone around the street is taking their best guess on the where would Nifty/Sensex [...]

Sensex – In Investment Zone Buy staggered in Quality Stocks !!

Although i have been consistently posting about staggered buying and then updating to book the same in the past many swings in the market but today will try to look into a simpler chart on weekly basis. If we look at the chart we have lot of supports at 15400 [...]

Sensex testing recent bottoms of 15800. View remains to buy staggered on sharp declines.

  Time-Wise correction so be stock specific.  Recent bottom tested at 15800. Important support levels remain in the zone of 15400 ( + - 200 ). View remains to buy staggered but quality stocks. First signs of turnaround would be when we see a close above 17300 levels.     [...]

USD – INR and Sensex co-relation indicates – Time to buy the Panics

In Sensex Technical VIew

USD – INR – Nearing major resistance and now near 2001     USD-INR after making multiple bottoms at 43.8 zones gave a breakout above 45 recently and has spiked up sharply. The target projection for such a breakout would be 49 in short term which has been reached. At [...]

Nifty/Sensex – A brief Statistical look on P-E/Div Yield.

    Above is a quick snapshot of Sensex/Nifty statistics – namely – EPS , Div Yield , P-E ratios.  Mind you the above numbers are consolidated and the estimated eps is as mentioned in bloomberg.   So lets take a plot of it and major swings in it.   [...]