Sensex Technical View:
Just picking up the lines from the earlier detailed report of
Sensex at 16k/ Global Indices /Crude crucially poised. Time to be optimistic not scared
Even if one is bearish I would expect a bounce back to first set in from 16k levels. And if one is bullish then before going to 18500 it has to first touch 17k in between. So a bounce back trade is definitely low risk high returns
Bang on Sensex makes a low around 15960 and has bounced back to 17k ! As i have mentioned in my Probablility Chart that we would review the scenario around 2nd week of June by which time i would expect the orange part of the move be done i.e a move to 17k-172500.
Technically we should now pullback a bit from this band or at least take a pause for a few sessions. We would review the same in the middle of coming week.
Bottomline : Those who bought on our call at 4800 are at gains of 300+ points on Nifty should now book profits and enjoy the weekend.
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June 5, 2010
Nooresh, i gain confidence in the market reading you here.
i have a lot of rnrl and suzenergy.Please let me know on the future course for these two socks.Short term and long term prospect.
June 8, 2010
Suzlon looks good for long term with short term issues. RNRL is avoidable.
June 7, 2010
Technical Analysis at its best….Hope everybody is Enjoying the mkts. Nooresh rocks. Anyone doubts ?
June 7, 2010
whts ur view about SUZLON m really badly traped at @76 12000
June 10, 2010
Pls tell me about ifci and bharti’s tgt sir ?
June 11, 2010
IFCI 58-60. Bharti 300