Technical Analysis of Indian Equities by Nooresh


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Sensex to make bottom in May end ? Possibility ?

In Sensex Technical VIew

This is a nice little analysis done by one of our student which is on comparing the last few up and down moves on the index. According to this index if it follows the pattern which it has been doing for last few months then it should bottom around May [...]

16800/16500 levels to watch for. Time to be selective.

In Sensex Technical VIew

Sensex Technical View : Index seems to be seeing good amount of support around the 16800-16850 which is 50% retracement of the current rally. Technically one can expect 61.8% of the current rally which comes to 16500-16550. So we need to watchout for bottoming signals in this range to pull [...]

Sensex reverses from 16850. Hindalco and Tata Steel rocked !

Sensex Technical View : Quoting the lines from yesterday High risk players can buy around 16900-17000 in index with a stoploss of 16840 tgt price of 17400. Sensex low for the day 16858. Support mentioned was 16850 in yesterdays analysis. Stoploss mentioned was 16840. Nifty futures corresponding levels came to [...]

Sensex crack or Healthy Correction — Need to see next few sessions

In Sensex Technical VIew

Sensex Technical View : Sensex has broken the level of 17300-17350 which was holding for last few sessions. This indicates start of yet another healthy correction which could take the index to 17000/16850/16550 in near term. Till 16900 holds on closing basis we could see a sharp pullback else we [...]

FMCG Defensive picks possible technical breakouts/Reliance Inds 1000-980 and Sensex 17300-17400 or 17000

Click on the charts below to enlarge and open in a new window. Sensex Technical View  : Will 50 dema and 17400-17300 hold this time. Possibly yes ! … Buying can be done in two parts at 17300-17400 and 17000 with a stoploss of 16900 and possible target of 17700. [...]

Dow Jones pulls back from 11200-11300. Sensex support around 17400.

Dow Jones Technical View : Few days back had posted an article that Dow Jones should take a pause around 11200-11300.The article-   Dow Jones should pause at 11200 ? Crude slipping from trendline resistance . Dow Jones has since corrected 200-250 points from the highs. ( Simple Technical Analysis works [...]

Are you ready for the next mid-cap/small-cap RALLY !!

The after-effects of the super upmove in midcaps/smallcaps in 2007 and a subsequent crash in 2008/2009 can still be seen in the investor sentiment. Any 20% move in small cap scares of people that are we in for a topping out ?? But the data seems to say different things. [...]

Volatility is back in the Sensex — Pulls back from closer to 17800

In Sensex Technical VIew

Sensex Technical View : Before i start with the technical view the move for the day lets look into what happened in the day. Although moving up 300 points and losing it all in the day is not something new for the Sensex which does swing wildly but traders have [...]

Nifty Technical View : 5150-5160 and 5090 strong supports.

Nifty Technical View : Although i generally prefer to give a view on Sensex which i have been more accurate but its just that people want me to write on Nifty more so will make an attempt for the next few days. Nifty took support exactly around the 50 dema [...]

Goldman Sachs fraud – Sensex pulls back from 18k

In Sensex Technical VIew

Sensex Technical View : The last few days have been consistently mentioning that one should avoid leverage positions ( futures,margin trading ). With the dip of 600-700 points from the top this strategy would have insulated traders. Had discussed about Sensex could take a pause around 18k a few days [...]