Technical view by Nooresh

Reliance Inds – 850 is a major barrier.

Nooresh — Wed, 19 Jun 2013 06:32:58 +0000

Very recently had posted on Reliance at 790 being a risk reward buy. The stock did move up to 835 and continues to look good.

But now the real test for the stock comes at 850 barrier which if crossed could lead the index and head up higher.

One thing seems to be clear is stock has made a strong base at 770-800. So in coming weeks can expect it to cross 850. This makes the stock a buy on dips closer to 810 with sl of 785 now

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

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Nifty at 5700 very close to oversold RSI levels of 4500/4800 and 5500

Nooresh — Thu, 13 Jun 2013 04:08:40 +0000

-> Nifty which seemed like a correction from 6200 has become a crack all the way to the lower end of RSI

-> At the current RSI levels of 30-31 its very close to similar over sold levels of 5500 and previous bottoms of 4500/4800.

-> Can expect markets to make a durable bottom in coming few days.

Do read our latest detailed report on – Indian Equity Markets – Its Now or Never

http://www.nooreshtech.co.in/2013/06/indian-equity-markets-its-now-or-never.html

TECHNICAL ANALYSIS TRAINING SESSION

MUMBAI – JUNE 22-23

For more details mail to nooreshtech@analyseindia.com or call Nooresh 09819225396 Ankit 09899899989

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

Indian Equity Markets – Its Now or Never

Nooresh — Wed, 12 Jun 2013 07:09:45 +0000

Over the last 2-3 weeks the sentiments have gone from bad to worse and suddenly all the data points to have come out badly. And as before one needs to buy the dip and be patient.

At 5500-600 in first week of April 2013 we came out with the following report calling for a move back to 6000 + ( Nifty did 6239 post this report )

Check the blog post here – http://www.nooreshtech.co.in/2013/04/be-fearful-when-others-are-greedy-and-greedy-when-others-are-fearful-niftysensex-technical-view.html

At 5200-5300 in mid August 2012 we came out with a detailed report mentioning a big move to 5800-6200 is on cards with a breakout to happen in September-October. ( Nifty moved up to 6100 on expected lines )

Check the post here – http://www.nooreshtech.co.in/2012/08/analyse-india-forget-the-past.html

Now at 5750-5850 levels we believe we are yet again at a very interesting opportunity for investors/traders. Its Now or Never !

We believe USD – INR at 59-60 and Nifty at 5700-5800 is a very excellent reversal time and at a very good risk-reward.

Would be expecting big fireworks by year end.

Its Now or Never for Indian equity markets to perform.

Please find attached the detailed report. We will be sending stock top picks to our clients by tomorrow. To join our services – www.analyseindia.com

Indian Equity Markets – Its Now or Never Indian Equity Markets – Its Now or Never

Also one can check this on slideshare below

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

USD – INR crosses 57 – What next

Nooresh — Mon, 10 Jun 2013 05:09:04 +0000

The short term technical view on USD – INR now. Seems the short term channel target will be done.

Now comes the more important longer term chart.

Below is a little older chart not factoring the current rise.

On the weekly charts the max we can be looking at 59. Given the negative divergences in the current move beyond 57.3 the rise can continue over next few days and form a major top.

Post the move to 58.5-59 we can expect a slow meltdown back to 55-56 levels.

Good part is we tend to see markets bottoming out with such spikes of USD INR. We will be updating a major update on Nifty in coming few days. Levels we are looking at is 5770/5850 as important support zones.

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

SBI – Time to accumulate with long term view

Nooresh — Thu, 06 Jun 2013 04:56:21 +0000

Over the last 2 years PSU banks have been terribly under performing with most of them now at 1-2 year lows. At the same time private banks are hitting new life time highs.

We believe this underperformance is bound to change and now is a good time to buy PSU banks with a long term view.

The top two bets being SBI and BOB in the large caps.

Technically recent bottom was at 1975 and there are lot of long term support lines coming near 1950-2050.

Investors can accumulate the stock with a possible upside of 2400-2500 in next 6-12 months.

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

USD – INR – Short Term Technical View

Nooresh — Wed, 05 Jun 2013 11:54:43 +0000

USD – INR

Short term Technical View

56.5 on the downside and 57.5 on the upside are critical levels.

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

TECHNICAL ANALYSIS TRAINING – MUMBAI

Nooresh — Wed, 05 Jun 2013 11:51:38 +0000

TECHNICAL ANALYSIS TRAINING WORKSHOP.

MUMBAI – JUNE 22- 23

If you would like a training session in your city and are a group of interested people go mail us onanalyseindia@analyseindia.com

Important Features

-> Learn how to use Meta stock Software

-> Small Batch size of 8-12 participants so highly interactive session.

-> 1 month back up support in case of queries

-> Free Refresher Session any time in next 6 months.

-> Historical Data since 1979 for practice.

-> Lots of powerpoints/pdfs and training material.

-> Mode of communication – English, Hindi and Gujarati.

and much much more….

To register yourself for the program make the payment in the following account. For people wanting to make payment in cash can make a part payment in the account and rest at the venue.

HDFC BANK ACCOUNT DETAILS:

Current Account Name: ANALYSE INDIA

Account Number: 06662000000066

Bank Name: HDFC BANK

BRANCH : VERSOVA , MUMBAI

IFSC CODE : HDFC0000019

OR For more details call Ankit 09899899989 Nooresh 09819225396 or mail toanalyseindia@analyseindia.com

Just a brief outline of the topics which will be covered.

Topics for Technical Analysis and Brief Pointers on what will be the learnings from each topic.

Introduction to Stock Analysis

1. How to remove bias and become an effective analyst.

2 .Why many Analysts fail to comprehend market movements.

3. Group Exercises.

Brief Intro to Technical Analysis as most of them have completed 3 workshops.

Principles and Assumptions of Technical Analysis and how it has evolved but application remains the same.

CandleSticks /CandleStick Patterns

1 Understand how candlesticks are displayed and various patterns.

2 Examples of turnarounds, bullish breakouts shown by Candlestick Patterns.

3 Selection of Important Candlestick patterns to be used and which to be chucked.

Moving Averages / Moving Average Convergences

1.Which set of moving averages to use and why. Tried and Tested set of moving averages which are different from the copybook analysis

And work more effectively giving sharper signals.

2. How moving averages can be used for particular stocks.

3. How a set of moving averages can point out big trending signals much before any other technical tools. Examples of 2005 bull market, 2008 bear signaled Through moving averages.

Price and Volume Analysis

1.How prices react to volumes and to gauge momentum using price-volume data.oscillators and Indicators

1.What are the various indicators and their usage.

2.The set of tried and backtested indicators which are most effective.

3.Why one should not use any indicators!!! How they are absolutely useless at times ( example MACD is rendered useless in many situations)

4.Technical Analysis is about everything apart from Indicators.

Higher Tops Higher Bottoms / Trend Formations

1. Identifying strong trending markets.

2.When to exit or add more positions and not be left away in a good or bad market.

Various Technical Patterns Part 1 – Channels

1. Various Type of Channels and Whipsaws

2. Identify false breakdowns where many analysts get trapped.

3.How Parallel Channels can give you the best entry and exit points.

Margins and False Breakouts

1. A majorly important topic where one will learn how to discard false breakouts.

2.Why bookish technical analysis doesn’t work and traps are created.

Various Technical Patterns Part 2 – Double Tops / Triple Tops

1. Identify topping out patterns and get extremely quick Short Trades.

Various Technical Patterns Part 3 – Flags/Pennants

1. Project short term targets using continuation patterns like Flags/Pennants.

2.Practical Target Calculations

Various Technical Patterns Part 4 – Triangles and various types/

1.Precise target calculations to find momentum breakout trades

2. How to use Volumes in the above pattern for early entry.

Fibonacci Retracement Levels :

1.how markets reverse from retracement levels.

2. Using Fibonacci for target calculations. Using some fibo levels which nobody uses but works superbly

3. Magic of Fibonacci Series and also examples right from 1992 !

Head and Shoulders and Variations

1. How to differentiate Head and Shoulders and use it effectively

2. The Target calculations and formation has changed from the classical way.

3.Which variations to discard and not use ( very imp)

/support/resistance.

Market and Trading Strategy

Words of Wisdom

Amalgamation of all Analysis and Miscellaneous Topics ( will be discussed only in the program cannot be disclosed)

Practical Analysis Sessions + Examples

1) Revision of all the Topics

2) How to use all the observations to come out with a technical view , precise targets and risk reward.

3) Installation and Default Settings for Technical Analysis Software and our exclusive Technical Template.

4) Tutorial on using various technical tools like trendlines, indicators etc on softwares.

5) Various examples on all the topics covered with many recent samples.

6) Analysis of the Stocks for current Market Scenario.

7) Question and Answer Session

DETAILS

Fees : Rs 14000

Timings – 9.30 a.m to 6 p.m

Batch Size – 6-12participants.

Regards,

Nooresh Merani

nooreshtech@analyseindia.com

Reliance Inds – Strong Support or Head and Shoulders ?

Nooresh — Wed, 05 Jun 2013 07:44:30 +0000

There could be two ways a technical analyst will look at this chart.

-> A head and shoulders with neckline at 760.

-> Major bottoms at 760 band for last 1 year.

Ways to trade it

Buy at 775-790 stoploss of 755-760 with upside target of 850 or higher.

Reverse trade if breaks below 755 short with a small stoploss.

Given the fact the stock has made a huge base between 700-750 before the risk reward is favorable for bottom buying.

Disclosure : Will be waiting for follow up action to buy above 800.

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

Analyse India – Recent Nifty trade

Nooresh — Tue, 28 May 2013 06:51:08 +0000

In the last few days when the index fell i had been tweeting about going long at 6000 and buying 6000 call which has given a nice return.

Following are the messages sent to clients of our QuickGains Premium Plus Service and Newsletter Service .

(27-05-2013 09:23:33): Buy Gulf oilcor above 68 stoploss 65 and targets 73-75
(27-05-2013 09:29:34): Buy NIFTY at 6010-6015 stoploss 5975 and targets 6080-6100
(27-05-2013 10:14:08): Buy HDFC at 916-918 stoploss 906 targets 935-940
(27-05-2013 14:34:03): Book half NIfty futures at 6057-6060
(27-05-2013 14:47:10): Book fully at 85-90 .. 11:38:09 AM meraninooresh: Buy 6000 call at 40-47 stoploss 30 tgt 100
(27-05-2013 14:55:52): HDFC book fully at 929-930
(27-05-2013 14:56:01): Nifty book fully at 6090-6095

Also we at Analyse India do keep coming on some business channels like CNBC ( watch me on Bulls Eye this week ) and ET Now. Recently we had Ankit Chaudhary win the Buy Now Sell Now Game on ET Now as a debutant.

Below is the link for this video.

and this is the winning snap.

TECHNICAL ANALYSIS TRAINING SESSIONS

We are getting quite a few inquiries for Chennai Program. Planning to keep one session in June 3-4 th weekend. If interested do mail us on analyseindia@analyseindia.com

TECHNICAL ANALYSIS TRAINING SESSION — ( ONLINE )

June 8-9

All you need is a broadband connection and pair of head phones.

Nooresh Merani

www.analyseindia.com ( For all our services )

Twitter – https://twitter.com/nooreshtech

Facebook – https://www.facebook.com/nooreshtech

Nifty Technical View – Corrections are needed

Nooresh — Sat, 25 May 2013 13:13:03 +0000

In the last 5 sessions Nifty has corrected from a high of 6229 to a low of 5936 which is a good 300 points dip. Such a correction is normal but it got triggered due to many reasons which can be overbought status or the big drop in Nikkei and a little blip in US Markets.

Although the risk of a sharp rally in Indian markets in coming months because of VIX and Nifty sustaining higher still remains. We felt that it was a possibility last week but the correction has hit by surprise.

This correction of 300 points is still at 38.2% retracement of 5930 which remains a support which if holds the bounce can go towards 6050-6080 and post that we can review.

The move from 5500 was sharp and we can now expect some sideways consolidation or correction. The strategy should remain buy on dips. Good stock specific correction is definitely creating opportunities to accumulate.

Continue to maintain that investors should look strongly towards midcap/smallcap indices with next 3-4 months being very good for them as per our view.

Disclosure: Maintain the bullish out look mentioned at at 5500-5600. Review points at 5760/5930 on downside and 6250/6450 on upside. Focusing on picking some midcaps on the current dips.

TECHNICAL ANALYSIS TRAINING SESSION — ( ONLINE )

June 8-9

For more details mail us on analyseindia@analyseindia.com

Regards,

Nooresh Merani