Technical view by Nooresh

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• HDFC Bank – Short on rise.
• Nifty – A 150 point salute to Raghuram Rajan
• We are in a Bear Market with a Bullish Sensex/Nifty
• FMCG – A safe sector to bet on – Not at All
• What to do with Financial Technologies – NSEL concerns take the stock down 60% – Technically signals came early.

HDFC Bank – Short on rise. Posted: 04 Sep 2013 11:49 PM PDT   HDFC BANK TECHNICAL VIEW   -> Technically the stock had a lot of support around 610 levels which has actually become a resistance now. -> Also the stock has been the most resilient in the banking segment. But with the breakdown seems it can either go back to 550 or lower or get sideways. […] Related posts: Technical Views – HDFC Bank, HDFC Ltd, IDBI Bank HDFC BANK and ICICI Bank – Black to White Scam – Cobra Post. Profitable for Analyse India Quick Technical Charts on some large caps – Axis Bank, Bank of Baroda, HDFC Limited , PNB , SBI, Tata Motors, TCS

Nifty – A 150 point salute to Raghuram Rajan Posted: 04 Sep 2013 09:33 PM PDT   Todays gap up of 150 point on Raghuram Rajan speech is a good thing for everyone. The bulls get their profit booking zones and shorts can be back with a risk-reward in favor.   Technically the trend has changed to down post the trendline breakdown. A retest of same is always warranted and generally […] Related posts: Nifty moves 150 points in a day !! Bank Nifty and Nifty – Major Divergence. Pair Trade- Short Nifty and Buy Bank Nifty ? Technical Analysis Training Session Bangalore–August 31–1 September

We are in a Bear Market with a Bullish Sensex/Nifty Posted: 02 Aug 2013 02:24 AM PDT In a very recent report had mentioned how Indian Equity Markets were at an inflection point and we could see some big moves.   Sensex/Nifty was expected to bounce back and Nifty to target 6200-6300 levels. After making a low at 5580 the Nifty did move up to 6080-6090 levels ( This was a good […] Related posts: Market has touched 16000 levels ? Nifty and Sensex – Stop Guessing the Bottom !! Bank Nifty and Nifty – Major Divergence. Pair Trade- Short Nifty and Buy Bank Nifty ?

FMCG – A safe sector to bet on – Not at All Posted: 02 Aug 2013 01:01 AM PDT Over the last few months i have heard a lot of fundamental analyst saying people were stupid buying the Cyclical stocks.   They just keep giving examples of how one should buy good cash flow companies in the FMCG sector. Also there are many examples of how ITC, Hindustan Unilever, Godrej Consumer, Colgate and Dabur […] Related posts: FMCG Defensive picks possible technical breakouts/Reliance Inds 1000-980 and Sensex 17300-17400 or 17000 The 80-95 % correction from PEAK !! Nifty and Sensex – Stop Guessing the Bottom !!

What to do with Financial Technologies – NSEL concerns take the stock down 60% – Technically signals came early. Posted: 01 Aug 2013 12:47 AM PDT Todays big news seems to be the 60% fall in Financial Technologies.    The first hint of something being wrong came in technically. I had posted this chart of Financial Technologies as a trading idea for a target of 600 -   In a follow up mentioned that Financial Technologies end up at 500 . […] Related posts: Financial Technologies – Major breakdown below 690 Financial Technologies collapses 10-15% . Bharti Airtel moving towards target Market Manipulation, Speciality Papers, Dhanus technologies etc.Micro Technologies, Edserv Softsystems,Bartronics, Blue Circle Financial Services Ltd is the biggest broking firm.

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