Sensex Technical View :

- > This is in continuation of the previous chart which i had posted about the momentum line and ever since 8k-10k and this trend line has not been broken. So simply put the medium term trend remains up as of now.

- > Its been observed in the last few months that after hitting the momentum line the index has crossed the recent highs and also with a sharper move.

- > So we need to see how it pans out from 13800-14200. The index can give a good pullback to 14900-15100 also but the most important thing to note is whether it is able to cross 15600 or not and continue with the pattern.

- > If it does then we may also head to 16050-16200. If it doesnt then one needs to be very cautious and skeptical in the short term.

- > There is more to discuss did quite a bit of it in the webinar on the above chart. Little tired on sunday for now so in simpler terms the view remains to keep a short term view and trade strict with discipline.

We had a 1 hr -1hr 15 mins simple webinar today.

Register yourself on www.wiziq.com and then click the link below to watch the recording.

VIEW RECORDING by clicking here.

Do send us your feedback about the same on analyseindia@gmail.com . This was a first trial run so needs lot of improvement.

Stocks to watchout for :

ITC

The stock was covered earlier at 185 and did give a small move to 200. Yet again the stock is well placed in a range. If the stock starts staying above it could ove the defensive upmove like HUL and Cipla ( both were covered some time back). Investors can add on dips with 180 stop. Traders look for a move beyond.

Will just paste yesterdays write-up as nothing much apart from extreme short term trades which are initiated in the day ( sent to clients ).

TECHNICAL ANALYSIS SESSION

( the course is meant to make you independent and be able to analyse in the simple manner as i do.)

DELHI JULY 4-5.

Interested participants can contact as early as possible to confirm your seat - 09819225396.

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Best Regards,

Nooresh

09819225396

noorrock2002@gmail.com