Technical Analysis of Indian Equities by Nooresh

Sensex – Trendline support at 19450- The trade remains to stay long….



Sensex trendline support comes at 19450 and Nifty comes around 5920.


We may continue to remain long with 2 days closing below these levels. Traders looking for momentum should re-enter Nifty on sustaining 5970. A quick trade has been stopped out. Positional traders may keep a stop at 5840-5860.


Look for stock specific buying opportunities -

Index stocks to buy – Reliance Inds, BPCL, HDFC look interesting. Even BOB


Next supports do come at 5840 and 19200.


Best Regards,



Article by Nooresh Merani

Nooresh has written 2799 articles.

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{ 2 comments… add one }
  • Chaitanya February 12, 2013, 20:55

    Hi Nooresh,
    What’s your take on BEML. It has fallen considerably. Any updates.

  • chaitanya February 13, 2013, 19:57

    Hi Nooresh,
    Would like to hear your views on BEML. Is 250 a good entry point or wait till it stablizes.


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