Brexit spooks the markets globally!


The Sensex recouped 500 points loss in the last couple of hours of trade, especially after recovery in Europe but still ended sharply lower after the UK voted to leave European Union.

The index fell 604.51 points or 2.24 percent to 26397.71 and the Nifty slipped 181.85 points or 2.20 percent to 8088.60.

About 1823 shares declined against 709 advancing shares on BSE.

Tata Motors cracked 8 percent and Tata Steel fell 6 percent as both companies have huge exposure to Europe.

European markets were down 5-8 percent.

Here are some picks from the week gone by.

Continue Reading →

stockarchitect June 25, 2016

2016 / Black / Brexit / Century Textiles / Deepakmohoni / Deishma / Escorts / Friday / June 24 / Motherson Sumi / Pharma / Reliance / singhanurag55 / stocksresearch / Sun / trading_calls /

Time To Be Cautious and Raise Cash As Market Crash Is Imminent


The original article appears on www.rakesh-jhunjhunwala.in and is available here.

Time To Be Cautious & Raise Cash As Market Crash Is Imminent: Technical Analysis Expert

Nooresh Merani, a leading technical analysis expert, has issued a warning that the steep rally in stock prices is on the verge of reversing into a steep crash. He advises that we should exercise caution and take some money off the table so that we will have better buying power when the crash does come.

Common sense tells us that whenever there is a steep rally or a steep crash, there is always a reversal at some stage.

Continue Reading →

stockarchitect May 4, 2016

Analyst / Chemicals / Falling wedge pattern / FMCG / Higher tops / Lower bottoms / Mirani / Nooresh / Nooreshtech / Pharma / Technical / Textiles /