Technical Analysis of Indian Equities by Nooresh

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RBI hikes Repo and Reverse repo by 50 bps — Markets to get sluggish with stock specific action

  Sensex Technical View: Market tends to surprise as always. This becomes yet another attempt at 5700-5750 and 19100 trendline resistance. So till we dont start closing above the trendline levels will make the markets sluggish broadly in 18000-19000 levels. At current levels the broader market seems more interesting as [...]

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 [...]