Saturday, April 30, 2011

Nifty Technical Analysis (02nd - 06th May)

Nifty closing price @ 5750
Nifty support levels @ 5690-5560
Nifty resistance levels @ 5920-6040


Last week in our Nifty Technical Analysis, We mentioned Nifty is expected to trade in range of 5750-5950. Nifty consolidated @ 5820-5900 for 1st 2 days and later nifty corrected and closed around 5750 which is 200 DMA also. Nifty still trading in range of 5720-5920 for last few weeks. For Next week, 5720-5690 is crucial support. Closing below 5690, Nifty can drift towards 5620-5560. On Upside, Strong resistance @ 5910-5950. Nifty failed to cross 5920-50 in multiple attempt. Closing Above 5920-50, Nifty will move towards 6040-6100. Short term neutral. Bearish below 5690 & Bullish Above 5820 Spot Closing. Medium Term & Long Term still Bullish.


" Trade with Levels not with Hope "


Regards,

www.equityahead.com
www.equityahead.net
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Friday, April 22, 2011

Nifty Positional Trading Strategy (25th-29th Apr)

Nifty closing price @ 5885
Nifty support levels @ 5800-5690
Nifty resistance levels @ 5955-6040


Last Week in our Nifty positional trading strategy, we mentioned Nifty spot is expected to trade in consolidation phase of 5750-5950 on closing basis. Nifty still trading in narrow range of +/- 2% (5800). Although Nifty spot managed to close 63 point higher from previous week. For Next week, Nifty will face major hurdle @ 5930-5970. Once Crosses 5930-5970 with volume, Next Technical target would be 6040+. On Downside, It has Strong Support @ 5730-5680. Trend has changed to little bullish from neutral. Its Buy on Decline for short term until Nifty trades above 5730 on closing basis. Bullish Strength will increase once closes above 5730-5970. Next week, Volatility will increase due to expiry week. Medium term bullish above 5600 and 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 









Jain Irrigation – A Rural and Agriculture Play

Jain Irrigation – A Rural and Agriculture Play

Saturday, April 16, 2011

Nifty Future trading strategy (18th - 21st April)

Nifty Future closing price @ 5834
Nifty Future Supports @ 5750-5690-5600
Nifty Future Resistances @ 5890-5960-6051

Last Week in our Nifty future trading strategy, we mentioned Nifty is expected to trade in consolidation phase of 5750-5950. Nifty Failed to breach crucial support / resistance and traded in range of 5750-5950. Next week, 5750 and 5950 will act as trend decider. If Nifty future closes and sustain above 5960 then 6051-6120 possible. On Downside, Closing below 5750 then 5690-5600 will come in picture. Overall short term is neutral in range of 5750-5950.Although there is some negative divergence on the chart but trend is still not bearish. Below/Above range will increase so the trend. Medium term bullish above 5600 and 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, April 9, 2011

Nifty Prediction (11th - 15th April)

Nifty Spot Closed @ 5842
Support @ 5740-5620
Resistances @ 5945-6040
Trend Decider @ 5740 / 5945


Last week in our weekly nifty prediction, we mentioned Nifty is expected to be in consolidation phase. Once crosses minor hurdle @ 5878 it will reach 5920-50 which will be major hurdle. Nifty Spot Made high 5944+ after crossing small hurdle of 5878 and most of the time Nifty was in consolidation phase. For Next week, which has only 3 trading sessions is expected to be in almost same phase. Nifty has major resistances @ 5940-70. Once Nifty able to close above for 2 days, it will move towards 6040-6100. On Downside, it will find multiple support @ 5800-5750-5690. Most likely, Nifty will trade in range of 5750-5950. Any side break can increase the range. Overall market is bullish Above 5700. Hence, Its Buy on Decline. Medium Term is Bullish Above 5500. 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 "




Friday, April 1, 2011

Nifty View (04th - 08th Apr)

Nifty Spot Closed @ 5826
Nifty Spot Supports @ 5702-5580
Nifty Spot Resistances @ 5920-6040
Strong/Weak Above/Below 5702

Last week in Nifty View, We mentioned Nifty is Bullish Above 5560 with Hurdle @ 5691. Nifty Again Crossed all Hurdle of 5691-5750-5801 & Closed Above 5800. After 500 Up-Move on Nifty, One can expect some consolidation. Nifty Spot has minor hurdle @ 5878. Once Nifty Crosses 5878 then major Hurdle @ 5920-50. Earlier 200 SMA of 5690-5700 was major resistance which will now act as major support for short term. Once Nifty Closes below 5702, then Trend will change to little bearish and 5620-5560 Possible. Overall  Market is Bullish Above 5702 and any decline is Buying opportunity and time to Hold earlier longs with trailing SL. Stock specific action specially in Mid/Small cap will be in  more limelight due to big valuation difference compare with Front liner. Long term is Bullish since last 2 years and we always mentioned in our Nifty View 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