Technical Analysis of Indian Equities by Nooresh


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Sensex 18200/18500 support … Conserve Cash and be Patient.

Sensex Technical View: The view remains the same as before till the market doesnot see a close above 19200/19600 levels we cannot confirm any upside momentum. On the downside the supports are as follows. - > Previous breakout took placed at 18500 and 5550. - > Long Term Parallel channel [...]

Sensex should face resistance at 19500-19600. Will Real Estate see a Bounce !

Sensex Technical View: The last two bottoms around 18800 shows that market seems to be taking support at the 200 dema. The earlier move below 19000 in short term is a dangerous signal but the last few sessions did not see a follow up selling implies one needs to wait [...]

Banks Bounce !! as expected . Titan Inds headed to 3800

Sensex Technical View: The view remains as before. Sensex continues to hold on to the 200 dema at 18800 by making a couple of bottoms there in near term.The 200 dema is placed at 18800. But we need to see a sustaining move above 19150-19200 and followed by that a [...]

Banks to lead Bounce Back. Sensex holding on to 18800

Bank Nifty : Although we have seen new lows but a rising RSI in last few sessions. This indicates possibly a sharp bounce in near term. Sensex Technical View: Sensex continues to hold on to the 200 dema at 18800 by making a couple of bottoms there in near term. [...]

Sensex needs to see a follow up move above 19600

Sensex Technical View: Yesterday we saw a nice Doji candle on the index closer to the 200 dema. Today we have seen a positive close but a similar pattern was seen a few days back to but no follow up. We may need to wait for a move above 19600 [...]

Technical Views – HDFC Bank, HDFC Ltd, IDBI Bank

Just a quick update on a few charts which look interesting.   HDFC Bank: The stock should get strong support in the range of 2130-2100. Can accumulate for a bounce to 2250.     HDFC LTD : Hdfc seems a strong bounce back candidate with multiple bottoms around 650. Keep [...]

Stock Technical Views – Review

Well out here i would not like to write a long post as people are not interested in reading about past recommendations but whats there for now and that is the approach which kills a trader or investor. One needs to look for consistency and justified trades :) else there [...]

Sensex – All set for New Year !!

Sensex Technical View: finally it seems Sensex seems to be setting up for a nice move in the next year. Currently if it is able to cross above 20300 wont be surprised to see a sharp move in near term with expiry around the corner.   Ideally a move above [...]

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 [...]