Technical Analysis of Indian Equities by Nooresh

Gap Filled .. 13800/13500 fibo retracements…

Sensex Technical View :
Sensex has filled the gap at 14200 and the retracements below 14200 are 13800/13500 where the dip should see support around any of these levels. Till markets remain in this broad range of 13500 to 15100 investors/traders can look to stay stock specific as some stocks may continue to perform. Only a close below 13500 and 15800 would imply a major turnaround move till then continue to be stock specific.

Stocks to watchout for :

Bounce candidates for extreme short term with 3% stops for a tgt of 5-12 % buy arnd or below friday close:

Neyvyeli Lignite
Ispat Inds

Rolta is sustaining at higher levels a close above 300-305 would mean a breakout. A close above those levels would mean a tgt of 340-350.

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Nooresh 09819225396

Article by Nooresh Merani

Nooresh has written 2801 articles.

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