The last time i did time analysis was in our report – Time to be Optimistic not scared which was posted on May 20.
It was mentioned that index should bottom out in the next 3 sessions. Sensex made a low on May 25 which was the 3-4 session after the post.
For the post look into the following link – SENSEX time to be optimistic not scared
Sensex Time Anaysis:
In the last 1 year there have been some time wise consistent moves.
1) The downmoves have roughly lasted 20-30 sessions.This can be seen in the chart posted previously on TIME ANALYSIS -
2) Similarly the upmoves have roughly lasted for 40-45 sessions.
So if such a pattern is to be continued then the current upmove should last till the 2-3rd week of July.
SENSEX PRICE ANALYSIS:
1) The downmoves have roughly been 11-12 % which can be seen from the previous chart posted on Percentage Analysis
2) Similarly the upmoves have been in the band of 15-16%.
So If such a pattern is to be continued then the current upmove could possibly take the markets to 18300-18500 band till 2-3rd week of July.
Have been able to make this much charts only. In the short term we might be closing in on a resistance zone of 17400-17600.The strong supports are now around 16900.
Will be posting a detailed analysis on Sensex and Global Indices with a technical view in the weekend.
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June 17, 2010
Excellent Analysis Nooresh, Keep up the good work.
Lets all ride in this Bull rally.
Lloyd
June 19, 2010
Hi Lloyd,
Yes but near term we could see a little dip 🙂 also
June 17, 2010
Nooresh,
Your Analysis is at its very best……Can’t Imagine it getting more better than this.
Priviliged to have you in life.
Regards
Akshay
June 19, 2010
Hi Akshay,
I wont call it best but a sincere attempt 🙂
June 17, 2010
Nooresh bhai..
great work..
lets all hope for the best and a cheerful market…
thanks!
June 19, 2010
Hi Mihir,
Near term concerns remain but till next month i remain bullish
June 17, 2010
Great analysis 🙂 .. Made lot of money with huge huge longs 🙂 your knowledge helping me all the time 🙂
June 19, 2010
Hi Shivaji,
I think now i should ask for some profits 🙂 hehe
CHeers,
Nooresh
June 18, 2010
Nooresh ji,
Need not 2 say that the job is being done by u is excellent….. Its obviously excellant……….
I am just amazed how many ways are there 2 analyse stock market……………
Time analysis, price analysis, conversion of DEMAs, Tops n Bottoms…..and a lot of things……
Very Tough 2 analyse this market…..but u have made it easier and very clear with you logical views…..
I salute you.
Thanks & Regards
Atul
June 19, 2010
Hi Atul,
Thanks for the kind words. Well the no of things i have used it is only to create conviction else a couple of things are enough.
June 18, 2010
Dear Nooresh Bhai,
Nice analysis. Wish, only if you have 30 hrs a day…;-)
Ganesh
June 19, 2010
Hi Ganesan,
Yes i would love to have a 30 hr day 😛 as these exchange guys already took 1 hour out of the schedule.