Technical view by Nooresh on Sensex/Stocks/Commodities |
- S&P upgrades India rating to Stable – No Big Deal !
- Technical Trades – October 2014 @ 1999
- Nifty – Wait for Calls of 6400/7000 and so on.
S&P upgrades India rating to Stable – No Big Deal ! Posted: 26 Sep 2014 06:04 AM PDT The big news for today which led to the sharp jump and short covering in Nifty was S&P upgrading India to stable and BBB-
Now suddenly there will be a lot of biased opinions.
Bullish Bias – S&P upgrades India. Wow now you see how the dollars will flow into India.
Bearish Bias – S&P upgrades India. Sell on News. Ab to top banega dost.
Let us look at the movement in Nifty in last 3 years with S&P ratings.
By the way i believe a stable rating only implies no downgrade in next 2 yrs most probably and so is not really a big upgrade in ratings. ( Now thats confusing
This is how it looks.
Also if you want more data below is the history of S&P ratings on India. Did not really find a good co-relation.
As mentioned in our view today morning. The preferred scenario is 7800-8200 for some time.
We initiated a buy at 7865 on spot and closed it a nice 70-100 points in the day in our QuickGains Service.
We have just released our Technical Trades October 2014 report. Contains View on Nifty/Midcap Index/SmallCap index. Top Midcap Conviction bets. Smallcap Ideas. We will be adding more ideas in coming week. You can subscribe the report at Rs 1999. https://www.instamojo.com/noooreshtech/technical-trades-october-2014/ Alternatively you can also go for membership to Technical Traders Club for Half Yearly/Annual membership to get much more benefits. The above report comes as one of the benefits of Technical Traders Club Membership. http://www.nooreshtech.co.in/2014/09/technical-traders-club-membership-half-yearly-annual.html S&P upgrades India rating to Stable – No Big Deal ! is a post from: Technical view by Nooresh |
Technical Trades – October 2014 @ 1999 Posted: 26 Sep 2014 01:05 AM PDT Hi,
We have just released our Technical Trades October 2014 report.
Contains View on Nifty/Midcap Index/SmallCap index.
Top Midcap Conviction bets.
Smallcap Ideas.
We will be adding more ideas in coming week.
You can subscribe the report at Rs 1999.
https://www.instamojo.com/noooreshtech/technical-trades-october-2014/
Alternatively you can also go for membership to Technical Traders Club for Half Yearly/Annual membership to get much more benefits. The above report comes as one of the benefits of Technical Traders Club Membership.
http://www.nooreshtech.co.in/2014/09/technical-traders-club-membership-half-yearly-annual.html Technical Trades – October 2014 @ 1999 is a post from: Technical view by Nooresh |
Nifty – Wait for Calls of 6400/7000 and so on. Posted: 25 Sep 2014 09:03 PM PDT Nifty has dropped around 300 points from the top but it has led to a sudden change in the stance from analysts, investors and so on. But markets dont move in line of consensus but the other way round. So sentimentally let us wait for 7300/7000/6400 targets to come from people.
This is the technical chart.
-> In a 300-350 point channel. -> Upside breakout was a failure. Can downside also be a failure. -> The downside risk in case of a sharp fall below 7800 is 7450-7550 which we will keep aside till there is confirmation. -> If we keep holding 7800-7850 its time for some time wise correction between 7800-8200. This is my preferred scenario.
Strategy :
Traders need to be careful as there can be a lot of whipsaws, failed breakouts. Reduce no of trades and leverage. Investors get ready as stocks have already knocked of 15-20% from the recent highs. The bad ones have gone down by 50%. You can make your choice. I will go with the quality ones and avoid the jps, unitechs.
Will be coming out with our Technical Trades Report for October soon. If you buy individually it would be at Rs 2499.
You can subscribe for the annual and half yearly product through our Technical Traders Club
Do go through the detailed post -
Technical Traders Club Membership – Half Yearly & Annual
http://www.nooreshtech.co.in/2014/09/technical-traders-club-membership-half-yearly-annual.html Nifty – Wait for Calls of 6400/7000 and so on. is a post from: Technical view by Nooresh |
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