Technical Analysis of Indian Equities by Nooresh

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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 [...]

Sensex and a Study of Gaps- An Observational Study.

In many of my interactions with amateur analysts, traders and investors have heard about this word GAPS. The above phenomenon a GAP is not a technical study but is conveniently used by analysts for their own interpretations or to justify a view. Now let us look into what is a [...]

Sensex and Nifty – OverBought but no signs of stopping yet …

    We have updated the performance reports on Analyse Options and Commodity Advisory services which is our new offering and has continued to offer good returns to traders.   Click on the link below     Sensex and Nifty Technical View: There are no signs of stopping seen as [...]

Sensex – Time to go Short at 19200-19500.

Sensex Technical View: As mentioned earlier Sensex had given a breakout and the pattern suggests a maximum target of 19400. Parallel Channels, Trendlines, 61.8% retracement all come in the band of 19200-19500. At this point of time a good short trade can be done as closer to the higher band [...]

Gaps , NAV prop up – Sensex stages a breakout !-= Quick Technical Views – Axis Bank, Tata Motors, Grasim, Bank of Baroda

Sensex Technical View:   - > In last week it was suggested if markets hold above the trendline and 17300 the possibility of an upward retracement to 19000-19400 band remains open. - > Index gave a breakout with a gap and followed it up strongly towards 18800 +. - > [...]

Sensex bounces back from trendline. Technical View –

Sensex Technical View: Sensex holds the 17700-17800 maintaining the range bound status. Immediate resistance at 18250-18300 roughly. The view remains the same sluggish moves to continue. Small cap Stocks may see some bounces in the end of the week.   Stocks to watchout for :       TECHNICAL ANALYSIS [...]

Sensex = Sluggish – Patience will be tested to the hilt.

  Sensex Technical View: - >The daily moves continue to remain one day up one day down. and sluggish in the range of 18000-18700. - > Yesterday this range was broken and now it is testing the trendline at 17700-17750. - > Sustaining below 17700 would be a weak signal [...]

Sensex needs direction !! – Boring range of 5400-5600

  Sensex Technical View: As seen from the blue trendline currently 18000 seems to be a short term support. Till we dont go beyond either of the green trendlines roughly at 18700 and 17800 it will remain sluggish and boring.   Stocks to watchout for :   Whirlpool – One [...]

Sensex may either head to 19000-19400 or 17800 soon.

  Sensex Technical View: It is one of the most boring phases for the index with no clear moves in Sensex as well as in stocks. Technically it is about time that Sensex gives a small directional move to either 19000-19400 or 17800 levels. The breakout levels are 18200 on [...]

Sensex 18700-17800 is the new range. Silver about to top out for short term.

Sensex Technical View: The new range for Sensex now seems to be 18700-17800 as seen from the trendline and near term tops. We need to watch for a conclusive move out of the range for some directional move.   Silver Technical View: According to our Commodities Analyst Silver seems to [...]