Technical Analysis of Indian Equities by Nooresh


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Nifty RSI as oversold as 2008/2011 – But Midcaps/Smallcaps No Major Correction. Bottoming Out ?

Nifty has dropped from 8950 to 7950 in the last couple of months. This may not be as sharp a drop in percentage wise as it was in 2008/2011 but the speed of the fall on relative basis makes it as oversold as those times. Nifty - Oversold - But [...]

#Smallcap Indices in All Time Highs and Outperforming Nifty!! Time to be Cautious and Selective !!

Hi, Nifty has done a solid bounce back much more than what I expected from the bullish point of view I had in February 2016. The trend continues to remain strong with higher tops and higher bottoms. The last bottom at 8540 would be a first zone below which would [...]

Best Time for Advisory Services to show Alpha :) & sell Services/Equity Related Products

In Sunday Thoughts

Since Nifty topped at 9000 odd levels in March 2015 the Index has had a nice ride to 6850-7000 and is now back to 8500-8600. The last move from 6900 to 8600 has been fast and furious with Midcap and Smallcap Indices hitting new all time highs or 3-5 year [...]

Who makes Money Consistently in Day Trading ?

In Sunday Thoughts

  One can understand the obsession for Day Trading by just doing a Search on Google for the Words like  - Day Trading, Intra Day Trading Tips, Day Trading Tips and the no of sites that pop up catering to it. BSE an exchange in India mentions itself to be [...]

The HOPE Multiple Valuation Methodology in Indian Stocks – Part 1

In Sunday Thoughts

A lot of Indian Stocks in Midcaps and Smallcaps continue to quote at lofty P-E Multiples without lofty earnings growth and for a significantly long period of time. Although P-E Multiple is not the best way to look at any company but its not as bad a data point to [...]

April Fool Clarification – Sorry if it stumped you, Glad if it made you Smile.

In Sunday Thoughts

Yesterday I had written a post which was nonsense and in the mood of April Fool. Majority of the readers understood the humour but some did get a bit stumped by a such a post or even scared. So this is a CLARIFICATION --- It was a stupid APRIL FOOL [...]

How to Survive a Market Crash in 2016 ?

In Sunday Thoughts

If this title excited you then you would be disappointed as am not writing nothing new. Taking some points from this article I wrote in June 2012 . Do read it. Back then some similar points today 1)  2 yr Germany treasury notes at negative yields in 2012. In [...]

Nifty 2016 is a very different animal from Nifty 2008 !!

In Sunday Thoughts

Over the last couple of days have seen a lot of discussions as to how Indian markets are possibly getting into a phase like 2011 ( my view ) and 2008 ( the fear view) and how a lot of sectors are so troubled. So everyone has a view from [...]

MultiBaggers – Google Trends crosses 2007 highs !!

In Sunday Thoughts

I got this idea from a whatsapp group where somebody showed a chart on Google Trends for the word multi-bagger and this data on circuits today ( not verified). 532 Stocks were on Upper ckt today-29 stocks were at 20%, 53 at 10% and 347 at 5%. Is this the [...]

Retail Trader/Investor Cycle and Equity Sentiment Cycle – Poll.

In Sunday Thoughts

This is very common with a lot of retail investors. Trying to buy stocks discussed on business channels/ blogs/ train talks and what not. Either they sell out on the first dip after the euphoria and miss out on the best multi-bagger or they hold something so long till it [...]