Technical Analysis of Indian Equities by Nooresh

Stock specific pullback trades– Pyramid for investment

Sensex Technical View :

Nothing much has changed.
A small doji candle seen today indicating a pause. Resistance now arnd 13900 for near term. Any break below todays low of 13200 would lead to 12700.
Stocks to watchout for :
TCS and Chamble possible trades posted above.
Bounce back stocks to trade with a stop of 2% from previous close. Tgt 5% pullback in the day.
IFCI , Reliance Infra , Rcom, Bajaj Hindustan.
Buy closer to yesterdays close and keep booking partial profits
Continues to show strength. Buy if stays above 216 or on declines to 195-200. In medium term may touch 240 also.
Fundamental trackers if they follow the given companies do some research:
Cranes Software , Accel Frontline, Ballarpur Inds , Standard Inds.


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Please go through the report and let us know if any mistakes ( Report made by Ankit one of our old readers and part of our team ) .


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Article by Nooresh Merani

Nooresh has written 2801 articles.

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