Sensex should face resistance at 19500-19600. Will Real Estate see a Bounce !


Sensex Technical View:

The last two bottoms around 18800 shows that market seems to be taking support at the 200 dema. The earlier move below 19000 in short term is a dangerous signal but the last few sessions did not see a follow up selling implies one needs to wait and watch.

Short Term Momentum could be seen only on sustaining 19600 where the recent top as well as 38% retracement of last fall.


Bank Nifty may find resistance at 11200 which if crossed could see some momentum for 11400-11500 quickly.


Real Estate Stocks like DLF / HDIL and India Bull Real Estate look highly oversold and as sharp bounce could be expected on back of RBI meet whether its positive or not.



Stocks to Watchout for :

Cholamandalam looks set for a quick move to 210-220 levels in extreme short term .Watch for volumes supported breakout above 195.


February  5th - 6th 2011




( Limited Seats)


Kazim 09821237002 Asif 09833666151


or mail to


    January 25, 2011

    Sir, kindly advise me,
    Which sector u think will shine in next 1-2 years
    what u think about Rolta?

    1. nooresh
      January 27, 2011

      Hi Anjali

      As of now lets wait to find the next big sector. But Reliance and Oil and Gas would be one to watch for.

  2. Zulfikar
    January 26, 2011

    Hey nooresh
    what do u think about jmc it’s been stuck in the 180-210 range for nearly 6 months now. Which way do u c it moving in the future

    1. nooresh
      January 27, 2011

      Hi Zulfikar

      Not tracking it closely

  3. mayur
    January 27, 2011

    hi nooresh bhai

    what are ur views on tci finance the stock has done 107(uc on 27/1) from 50 levels

    1. nooresh
      January 27, 2011

      Hi Mayur

      I missed out on the stock after tracking for a long time. Continue to hold and reduce if having


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.