Technical Analysis of Indian Equities by Nooresh


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Large Cap Leaders and Contrarian Bets of 2018

In Technical Analysis

2017 has been one amazing year with the Nifty not even dropping 5% on a closing basis and absolutely no scare all through the year. One of the smoothest ride. The Smallcap Indices have gone through the roof with BSE Smallcap Index up almost 55-60% this year. A good post [...]

BSE Smallcap Index and Nifty/Sensex–Momentum Divergence–How long can it continue ?

In Sunday Thoughts

BSE Indices are not tracked as much and we find BSE Smallcap as the best indicator for looking at froth/momentum in the markets. The reason to look at it is because it has the lowest of the smallcaps and is not limited by no of stocks like Nifty Small 100. [...]

Buying when Private Equity wants to Sell and Go Away !!

In Sunday Thoughts

Over the years we have been searching for unusual themes and frameworks for looking out for investment ideas with triggers. We have earlier looked into – Chor Bane Mor - A few years back when used to be little scared to talk about it and now it has become [...]

Technical Analysis Training Mumbai – 6th and 7th January 2018. Online Technical Analysis Training Session 17th December

In Technical Analysis

Technical Analysis Training Mumbai Date:6th and 7th January 2017 Timings:9 am to 6 pm Venue : Hotel Karl Residency 36, Lallubhai Park RoadAndheri (W), Mumbai, 400058Maharashtra – (India) Fees Rs 16520 ( 14000 + 9% CGST and 9% SGST ) ( No Discounts ) Registration and Payment Link  Bank [...]

Stocks on Radar–Alicon Castalloys, Asahi Songwon,Lumax Auto Tech, Simplex Infra, Vardhman Textiles.

In Technical Analysis

In the last few days we have seen a slight correction in smallcaps/midcaps. Focusing on stocks which have consolidated in the same period and not really participated in last few months. Will keep them on radar for breakout. Alicon Castalloys Trending up on the trendline. Go bottom fishing or for [...]

Podcast/Interview with MoneyControl on my Trading/Investing Journey

In Sunday Thoughts

Recently got profiled by Shishir Asthana of Moneycontrol on my strategy of Trading/Investing. The interview links. Its in 3 parts.   2)   Key learning from 2008 crisis was to cut down on my leverage: Nooresh Merani “2007 was a breeze and that is when I made my capital. Apart from [...]

Sector in Focus–Hotels–Sinclairs Hotels, Indian Hotels,EIH Limited, EIH Associated Hotels, Kamat Hotels, Advani Hotels, Royal Orchid Hotels

In Technical Analysis

Hotels as a sector has started looking interesting with demand supply scenario improving. After almost a decade of lower ARRs and Occupancy ratios there seems to be a small uptick. Valuations do not seem to be stretched. The recent price movement also indicates strength. The only concern is the limited [...]

Nifty back to Breakout Re-Test. 15 Interesting Large Cap Charts

In Technical Analysis

Nifty Technical View Cluster of supports at 10140-10200. Last two tops around 10140/10180. Couple of candle stick lows at 10120. The short term trend changes to down only on breaking the trendline support at 9900. Last major bottom at 10500. Asian Paints - 1120-1150 important supports Axis Bank - Sustaining [...]

Interesting Tweets–November 2017

In Technical Analysis

Innovative Tech Pack - commendable growth and execution; AR exhibits scanty explanations for major corporate transactions and many errors.— Leading Nowhere (@leading_nowhere) October 21, 2017 Can the most hated sector surprise in short term ? Only one #PSUBank left in #Nifty50 — Nooresh Merani (@nooreshtech) October 24, 2017 [...]

Technical Charts–Ambuja Cements, Ceat Limited , HDFC Limited, Larsen and Toubro & LT Foods

In Technical Analysis

Ambuja Cements – 280-290 a stiff resistance in last 2 years. Ceat Limited - A short term breakout with good bottoms at 1630-1650. 1950 remains a major resistance. HDFC Limited -Short Term Range Breakout on Cards ? L&T --- Can it breakout above the big resistance at 1250-1260? LT Foods [...]