Nifty – Time for consolidation. Still a buy on dips.



Nifty Technical View:

The recent gap of 5240-5290 got filled. One can now expect a pullback to 5350-5400 levels if it holds above the 5200-5240 mark.

Traders can buy in intra corrections with a stop of 5195. Just a strategy it may differ with intra moves.


Maintain my view to go stock specific with a buy on dips.




Dabur India --- Stock looks interesting but needs volume support.


Another stock Godrej Consumer Products has given a breakout today. Have initiated a buy today around 450 odd levels. Seems FMCG stocks should catch attention.

Also this augurs well for Godrej Inds as it holds 23% in godrej consumer.


To all the readers from Banglore who would like to become independent in your trading and investment decisions.



BANGALORE ---------- 24-25th MARCH.

Few seats left. For more call Kazim 09821237002. Mail to .

If you have any more queries sms me on 09819225396.


  1. r singh
    March 21, 2012

    Pullback as analysed by you. Wonderful.

  2. Tanisha
    March 21, 2012

    Hi Nooresh,
    The sterlite Tech has fallen to 40 levels. Do you see good time for investors to avg or add as I had bot at 43 levels and now its trading at 40-42 levels. I would like to take fundamantal and technicall call on it.


  3. smit
    March 22, 2012

    Hello Nooresh Sir,
    What is ur view on Nifty ? this expiry at what levels…!!!???


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