Technical Analysis of Indian Equities by Nooresh


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Sensex and Nifty breaks out above the trendline. Will it head to 19600/5900. Divis, Siemens, Glaxo, Gulf Oil Corp, Navneet publications

      As seen in the charts above both the indices have broken out above the trendline which has been a major resistance over the last so many attempts. In the near term the current move can see an extension to higher levels of 19600/5900. Upside to those levels [...]

Sensex nearing huge resistances – Book Profits/Stay on sidelines/Be Selective

Sensex Technical View:   The last time we fell to 17800 had a view to buy selectively. Recently at 17500-17300 we mentioned the view to be on the buying side as markets were highly oversold and sharp Check Link here   All the stocks mentioned have performed well [...]

Short Covering yet not over – Quick Technical Charts – Bajaj Auto , Hindustan Unilever , Atul Limited

Sensex Technical View : The intra day recovery from the lows makes it clear that the system is still full of shorts and the covering is yet not over and maybe a move above 18600-18700 is possible. Technically todays low 18323 becomes a good trading stop loss for long side [...]

Nifty Traps !! — Sensex gives better signals

We keep receiving queries about why is our Technical Analysis emphasizes on Sensex and we avoid putting up Nifty Charts.   So finally here i disclose the secrets in a quick checklist. – > Nifty does not show gaps – > Nifty has data only since 1994 – > Nifty [...]

Sensex Sharp Bounce as expected — Continue to look for stock specific opportunities

In Sensex Technical VIew

  In my last post had mentioned about RSI being oversold and we could have already seen a short term bottom or we are very close to it and advised selective buying. Read the full post here   Of the top index picks only Maruti has been on the weak [...]

Sensex 17000-17300 Nifty 5120-5170 Very strong supports – Fear at a high. Selective Buying Advised.

    INDIA  VIX made a top day before yesterday with the sudden spike down. VIX tends to top at 25 levels and market bottoms out at such high vols. So we have either made a bottom or very close to it. Time for Selective Buying     RSI is [...]

Sensex at very important support levels. Time to look for Value Picks irrespective of Market

Hi All,   There seems to be a bout of capitulation and panic in the market and we are reaching our crucial band of supports at 17000-17300.   If Sensex breaks 17000 levels it could lead to more panic but a bottom closer to 17300 if holds will see sharp [...]

Sensex – Continues to Drift lower but Broader Indices resilient

  Sensex Technical View – The markets after staging a good come back from 17800 levels are back to testing it. The supports for near term are placed at 17800-18000 levels and on the downside to 17300 levels. Although this may look like a head and shoulders with deeper targets [...]

Head and Shoulders – A pattern of convenience.

Head and Shoulders which is the most read and heard pattern in technical analysis and generally used at convenience by technical analysts around the world to justify their bias.   The pattern works better in conjunction with other conclusions else it ends up in wishful thinking many times :). I [...]

Wishful Thinking or Fractal –

  Just a comparison :) of last year and current.