Technical Analysis of Indian Equities by Nooresh

Sensex 15600 and Nifty 4650 seems to be holding up!!

Nifty 4650-4670 is the band of support which was almost tested today.

Sensex almost touched the 200 dema and saw a good recovery from the zone. Investors with a view of 1-2 months can continue to accumulate stocks with a closing stop on 15300-15400.
Upsides to 16600/17k is possible over the next 1-2 mths. Continue to keep booking partial profits on rise to reduce acquisition cost. Leverage can also be used arnd 15600.
Best Regards,

Article by Nooresh Merani

Nooresh has written 2799 articles.

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