Technical Analysis of Indian Equities by Nooresh

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Holiday Mood on the Street !! –

Markets in Holiday Mood !!! --- Sensex Technical View: Currently the index seems to be in a holiday mood with no major moves on either side. We may expect the lacklustre moves to get over only if it is able to cross out of the range 19500-20300. Till then it’s [...]

Technical View: Siemens Long , Tata Motors Short

      FNO : Sell Tata Motors at 1333-1340 stoploss 1362 tgt 1300/1275. Buy Siemens at 796-799 stoploss 780 tgt 825.   This is the trade taken today. Wedding season,mumbai climate kept me busy and unwell so not been able to update much.   TECHNICAL ANALYSIS TRAINING   MUMBAI [...]

Technical Pick – Subex Systems

  Subex Systems: QuickGains : Buy Subex at 77-78 stoploss 75 tgt 85/90 in 2-3 weeks.   The stock has given a breakout above 77 levels today. Could see a good move to 90 in short term. The stock retraced 61% and has now consolidated for last few weeks. Accumulate [...]

Sterlite Inds – Small Breakout above 174.

After our last two trades on Tata Steel ( 650 to 675) and Hindalco ( 225 –232 ) the next in the bag is Sterlite Inds which has given a breakout above 174. Also Mphasis recommended at 657 is nearing 675 tgt. ACC got a stop hit of 20 bucks.

Sugars did 15% ! Hindalco watchout above 228-230

In the last updates had mentioned to shift from penny stocks and underperforming ones to sugar stocks. All the recommended sugars did a move of 8-15% in quicker time. Maintain the medium term outlook on the sector with a view to re-enter qty sold at current levels. Have advised booking [...]

United Phosphorous and Oswal Chemicals ( Bindal Agro ) – Technical View

  United Phosphorous: The stock is available at bottom of the channel and looks highly oversold. One can look for an entry on dips with a stoploss of 160-162 on closing basis. Good investment pick also but a slow mover. Low risk High returns. Bounce could go all the way [...]

Sensex – Time to get range bound

  Sensex Technical View: Sensex has now made a low of 19074 which is higher then the previous low made at 18954 which is a good signal in near term. First signals of a turnaround would be if the current move can cross above 19800 ( 61.8% ). Ideally it [...]

Technical Charts – GAIL / Oswal Chemicals

GAIL : The stock has given a breakout above 500-502 and can see a quick move to 520 levels in next few sessions. If able to cross 520 can see much bigger move.     OSWAL CHEMICALS : The stock has been strong even in the current correction. Sustaining above [...]

Shree AshtaVinayak – Kabhi Hit Kabhi Flop

This is one of the best stocks listed not because of valuations but this is one company which produces a lot of good hindi movies which work at the box office. But the stock does create a lot of hits and flops. At a current price of 20 which is [...]

Quick Technical View on Large Caps –

Sensex Technical View:   The crack has been much deeper and faster then expected though a possibility of 10% correction and re-test of channel was considered many a times but not in such quick time. This suggests index may now get into a tight range of 18800-19800 for some time. [...]