Technical Analysis of Indian Equities by Nooresh


Sensex Time Analysis – Is the bottom done or will be in next 5-8 sessions ?

Although i am not done with the analysis this is just a quick view on the down moves and time analysis.

Similar analysis helped us in finding bottoms at 15300/1550 last two times. So next 1 week could be buying time with a strict stoploss on index.


Would be out with detailed technical view and possibilities in this week.

Also you would like to view the previous posts on the bottoms

Bottom at 15600

Bottom at 15300

The above two posts are a must read…. Btw Hindalco and Tata Steel rocking πŸ™‚ …. Watchout for MNM tomorrow.

Article by Nooresh Merani

Nooresh has written 2801 articles.

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{ 6 comments… add one }
  • herry May 10, 2010, 07:54

    nifty viwe my position is sell nifty & sell dlf……..?

    • nooresh May 10, 2010, 18:27

      Hi herry,

      Sell around 5225-5250. Buy around 5150.

  • Mahantesh May 10, 2010, 10:56

    I have been following your blog from quite some time. It’s really interesting to go thorugh your analysis. I would request your views on Tanla solution which is beaten down to it’s 52 week low value. Is it right time to enter this stock for time range of 3 to 6 months and look for some 20 to 30% profit?

    • nooresh May 10, 2010, 18:27

      Hi Mahantesh,

      Thanks for the appreciation. Well we did get a stoploss hit some time back. 52 week lows are difficult to gauge and 20-30% movers are available s of now in the broader market.



  • Neena May 10, 2010, 14:07

    Hello Nooresh,

    I would like to solicit your advice on the prospects of my positions in IDBI,KSK and balaji amin.Can i buy National steel for medium term?

    • nooresh May 10, 2010, 18:23

      Hi Neena,

      IDBI remains a good hold and buy. KSK can look to exit on rise to 200. Balaji Amines is a good long term story and will take time.




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