Technical Analysis of Indian Equities by Nooresh

Nifty – Time for consolidation. Still a buy on dips.



Nifty Technical View:

The recent gap of 5240-5290 got filled. One can now expect a pullback to 5350-5400 levels if it holds above the 5200-5240 mark.

Traders can buy in intra corrections with a stop of 5195. Just a strategy it may differ with intra moves.


Maintain my view to go stock specific with a buy on dips.




Dabur India --- Stock looks interesting but needs volume support.


Another stock Godrej Consumer Products has given a breakout today. Have initiated a buy today around 450 odd levels. Seems FMCG stocks should catch attention.

Also this augurs well for Godrej Inds as it holds 23% in godrej consumer.


To all the readers from Banglore who would like to become independent in your trading and investment decisions.



BANGALORE ---------- 24-25th MARCH.

Few seats left. For more call Kazim 09821237002. Mail to .

If you have any more queries sms me on 09819225396.

Article by Nooresh Merani

Nooresh has written 2800 articles.

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{ 3 comments… add one }
  • r singh March 21, 2012, 17:08

    Pullback as analysed by you. Wonderful.

  • Tanisha March 21, 2012, 22:30

    Hi Nooresh,
    The sterlite Tech has fallen to 40 levels. Do you see good time for investors to avg or add as I had bot at 43 levels and now its trading at 40-42 levels. I would like to take fundamantal and technicall call on it.


  • smit March 22, 2012, 16:54

    Hello Nooresh Sir,
    What is ur view on Nifty ? this expiry at what levels…!!!???


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