Saturday, March 26, 2011

Nifty Outlook (28th Mar - 1st Apr)

Nifty Spot Closed @ 5654
Nifty Spot Supports @ 5560-5465
Nifty Spot Resistances @ 5700-5812
Strong/Weak Above/Below 5560

Last week, Nifty crossed all resistance and closed @ 5654. Japan issue is settled as nuclear came under control. Most of the Negative News flows were already in price and after consolidation for over 6 weeks, Nifty reacted in positive way. For Next Week, Nifty will face Hurdle @ 200 SMA which is 5688 and above 5750-5812. Now earlier crucial resistance  of 5560-10 will act as short term support. At higher level of 5688-5750, there could be some profit booking. Its time to HOLD Longs with trailing SL of 5560-10 or Buy on Decline with SL 5560-10.  Closing below 5510, trend will change to Neutral from bullish. Long term is Bullish since last 2 years and we always mentioned to Buy in Systematic way at lower level 5200-5400 as this was Bull market correction not bear market correction.


" Trade with Levels not with Hope "



Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in








Saturday, March 12, 2011

VOLTAS – A Value Pick in Consumer Story through Engineering

VOLTAS – A Value Pick in Consumer Story through Engineering

http://equityahead.in/voltas-a-value-pick-in-consumer-story-through-engineering/

Nifty Views (14th - 18th Mar)

Nifty Spot Closed @ 5445
Nifty Spot Supports @ 5400-5340-5222
Nifty Spot Resistances @ 5561-5630-5750
Strong/Weak Above/Below 5410

last week, Nifty traded in narrow range of 5410-5560 due to lack of news-flow & low institutional participation. Technically, market is still in sideways zone & break of this range with volume will increase the range & momentum. Nifty Spot has strong support of 5410-5370. Closing below 5370, It will move towards 5278-22. On upside It has big resistance @ 5560-5600 where lots of profit booking and fresh short is visible. Once Nifty Crosses & Sustain Above 5600 and then 5675 then short covering & fresh buying can emerge which can lead to 5750-5800 zone. For trading prospective, Its BUY on decline & Sell on rally in the range of 5410-5380 to 5560-5600. Short term is Neutral & Medium term is still bearish below 5600 zone. Long term is Bullish since last 2 years and we always mentioned to Buy in Systematic way at lower level as this was Bull market correction not bear market correction.


" Trade with Levels not with Hope "




Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in



Sunday, March 6, 2011

Friday, March 4, 2011

Sensex Prediction (07th - 11th March)


Sensex Closed @ 18,486
Supports @ 18,300 - 17,960 - 17,694
Resistances @ 18,750 - 19,002 - 19,361

last week we mentioned If Nifty Holds 5220, then market can see pullback till 5410-5560-5640. Nifty Hit 5608+ in just 4 Days. After Sharp recovery across the board Sensex managed to close just below 200 DEMA. Now Major Hurdle Stands close to 18,700 (+/- 0.5%) which is very crucial on technical terms. Its 200 DEMA, 50 DEMA, medium term Support and also important point from where Sensex recovered 2 times and also came down 2 times sharply. Once Sensex Sustains Above 18,700 on closing basis for 2 days, It will move towards 19,000-19,361. Overall Short term Trend is Bullish until & Unless Sensex trades Above 18,210. Closing below 18,210 short term trend will turn to negative and 17,960-17,694 possible. Medium term is Bullish / Bearish Above / Below 18,700. Long term is Bullish since last 2 years and we always mentioned to Buy in Systematic way at lower level as this was Bull market correction not bear market correction.



" Trade with Levels not with Hope "


Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in