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Author:Nooresh Silicon
Investment Advisor and Trainer
Investment Advisor and Trainer
14200-14500 area to book and trail...
Sensex Technical View:
Sensex makes a strong pullback as hinted . The gap at 13900 is filled but a new gap left at 13350 . Now the current gap at 13350 becomes a very important point in days to come. Can this gap be a runaway gap or just another gap in a pullback. Ideally 13350 should be an important support in coming days if we term it a runaway gap.
On the upside 14100 /14450 are 61 % retracement from 15100/15580. So traders/investors should book partial profits and start trailing to conserve gains as part of discipline. Only a close above 15100 could instill faith in the pullback and confirm a double bottom till then wait and watch for further moves to take a fresh view.
Market Observations and Thoughts :
The world is talking about FED , Short Selling, bailouts etc etc and whats good or whats not ... Well there is a lot of stuff that can be written on it and may be covered some other time but in a gist US Fed is doing wat it needs to safeguard their economy and may continue to do that as always... Above all isnt it good that India doesnt need positive govt steps rather for last few months we were looking at CRR hikes which may dampen growth ;) .....
Stocks to watchout for :
Andhra Bank and Syndicate Bank look good technically . Keep a watch for volumes.
Some stocks that may face resistance around the zones , only a crossover above them could trigger quick trades.
SBI around 1640 , Punj lloyd 315-318 , Union Bank 158 , BOI 300
Brushman Inds , Bang Overseas are two risky stocks that have sustained in these markets and have given a breakout and can continue to move another 10-20 %. High risk players can keep a watch .
Its better to pay a fractional % ge of ur investment for a little professional and disciplined approach to investing and trading to generate gains with lesse risk then erode the portfolio without any help or rather learn the process of technical analysis and be independent in your decisions . We can help you in the process by stock specific advice or training course . Check http://analyseindia.blogs pot.com for more details or mail to noorrock2002@gmail.com .
http://nooreshtech.blogspot.com
Sensex makes a strong pullback as hinted . The gap at 13900 is filled but a new gap left at 13350 . Now the current gap at 13350 becomes a very important point in days to come. Can this gap be a runaway gap or just another gap in a pullback. Ideally 13350 should be an important support in coming days if we term it a runaway gap.
On the upside 14100 /14450 are 61 % retracement from 15100/15580. So traders/investors should book partial profits and start trailing to conserve gains as part of discipline. Only a close above 15100 could instill faith in the pullback and confirm a double bottom till then wait and watch for further moves to take a fresh view.
Market Observations and Thoughts :
The world is talking about FED , Short Selling, bailouts etc etc and whats good or whats not ... Well there is a lot of stuff that can be written on it and may be covered some other time but in a gist US Fed is doing wat it needs to safeguard their economy and may continue to do that as always... Above all isnt it good that India doesnt need positive govt steps rather for last few months we were looking at CRR hikes which may dampen growth ;) .....
Stocks to watchout for :
Andhra Bank and Syndicate Bank look good technically . Keep a watch for volumes.
Some stocks that may face resistance around the zones , only a crossover above them could trigger quick trades.
SBI around 1640 , Punj lloyd 315-318 , Union Bank 158 , BOI 300
Brushman Inds , Bang Overseas are two risky stocks that have sustained in these markets and have given a breakout and can continue to move another 10-20 %. High risk players can keep a watch .
Its better to pay a fractional % ge of ur investment for a little professional and disciplined approach to investing and trading to generate gains with lesse risk then erode the portfolio without any help or rather learn the process of technical analysis and be independent in your decisions . We can help you in the process by stock specific advice or training course . Check http://analyseindia.blogs pot.com for more details or mail to noorrock2002@gmail.com .
http://nooreshtech.blogspot.com
Latest postings
8200-8400 and 2450 may be the saviours....
Sensex Technical View :The drift in Sensex continues and has touched 8316 on the lower side which is just below the channel. As we had discussed yes... more >>
Sensex Technical View :The drift in Sensex continues and has touched 8316 on the lower side which is just below the channel. As we had discussed yes... more >>
Sensex the slow drifting downchannel continues.
Sensex Technical View :Couple of days back had put this chart of comparison to earlier pattern COMPARE FLAGS. Again we will list down a few technical ... more >>
Sensex Technical View :Couple of days back had put this chart of comparison to earlier pattern COMPARE FLAGS. Again we will list down a few technical ... more >>
Downside tgt of 8900 is done...Wait for reversal signs.
Sensex Technical View :The downward drift continues in Sensex slowly and has reached a touch below 8900. So continue to watch for a closing above 9500... more >>
Sensex Technical View :The downward drift continues in Sensex slowly and has reached a touch below 8900. So continue to watch for a closing above 9500... more >>
Be simple , clear , react rather then predict , dont take quick conclusions.
Sensex Technical View :Sensex as expected has tested the 8900 zone by making a low of 8957 closer to the lower range and 61 % correction. This was th... more >>
Sensex Technical View :Sensex as expected has tested the 8900 zone by making a low of 8957 closer to the lower range and 61 % correction. This was th... more >>
Inflation 9 % ... Base Effect/price cut or fall.Not a concern though
Sensex Technical View :Sensex gives a close below 9600 which opens up doors to 8900/9300 zone. Now let us see some technical factors. 1) Gaps ! The 2... more >>
Sensex Technical View :Sensex gives a close below 9600 which opens up doors to 8900/9300 zone. Now let us see some technical factors. 1) Gaps ! The 2... more >>
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