Nifty Technical Analysis (30th May - 3rd June)

Nifty Closing Price @ 5476
Nifty Supports @ 5402-5330-5238
Nifty Resistances @ 5561-5620-5690

Last week in our Nifty technical Analysis, We mentioned that trend is still neutral and closing below 5400 & Above 5610 will make Bearish and Bullish Trend respectively. Nifty Spot hit 5328 after closing below 5400 and recovered the ground and closed at 5476 on Friday. As of now,Nifty is taking support at at crucial medium term trend-line. Trend is still Neutral. On Downside Multiple Supports @ 5402-5330. Trend will turn Bearish closing below 5380. As Long as 5402-5380 Holds, One can add contra longs with strict stop. On Upside, Major resistances @ 5530-5620. Nifty will slowly increase its bullishness while crossing many hurdles from 5530-5760. Medium term is bearish now below 200 DMA of 5760. Long term is bullish and this ongoing consolidation and corrective phase is long term time-wise correction only. Hence, One should accumulate fundamentally strong scrip's in systematic way for 1-2 year time-frame.



" Trade with Levels not with Hope "


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

Nifty Technical Analysis (23rd - 27th May)

Nifty Closing Price @ 5486
Nifty Supports @ 5402-5305
Nifty Resistances @ 5610-5700


Last week in our Nifty technical Analysis, We mentioned that trend is neutral and market in sideways zone of 5450-5620. Closing Below 5470, Nifty will move towards levels of 5380-5300. Nifty made low @ 5401 with low volume and on Friday recovered some ground and closed @ 5486. Last week, Volume was very low and Nifty failed to move either side. For Next Week Nifty Technical Analysis, Nifty will face major stiff resistance between 5610-5700. Nifty will slowly strength its bullishness while crossing many hurdles from 5600 to 5755. Trend is neutral now. As long as 5400-5380 Holds, One can Add Contra longs with strict stop. Trend will become bearish below 5400-5380 Closing and then 5300 and more lower levels will come in picture. Medium term is bearish now below 200 DMA of 5755. Long term is bullish and this ongoing consolidation and corrective phase is long term time-wise correction only. Hence, One should accumulate fundamentally strong scrip's in systematic way for 1-2 year time-frame.


" Trade with Levels not with Hope "


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

Nifty Technical Analysis (16th - 20th May)

Nifty Closing Price @ 5545
Nifty Supports @ 5470-5380-5300
Nifty Resistances @ 5620-5690-5784
Nifty Trend Decider @ 5450-5620
Last week in our Nifty technical Analysis, We mentioned trend is neutral and market in sideways zone of 5450-5620. Nifty made Low @ 5472 & High @ 5605. For Next week, On Downside Nifty has support @ 5470-40. Closing below, it will move towards 5380-5300. As long as 5470 holds, chances of crossing 5620 on closing basis is possible. Once crosses 5620, then next stiff resistances @ 5690-5750. Trend is still neutral and decisive closing above/below 5470-40 and 5620 will decide further movement. Medium term is bearish now below 200 DMA of 5750.  Long term is bullish and this ongoing consolidation and corrective phase is long term time-wise correction only. Hence, One should accumulate fundamentally strong scrip's in systematic way for 1-2 year time-frame.


" Trade with Levels not with Hope "


Regards,

www.equityahead.com
www.equityahead.net
www.equityahead.in

Power finance corporation (PFC) FPO

Power finance corporation (PFC) FPO

Buy Arss Infrastructure Projects Ltd.

Buy Arss Infrastructure Projects Ltd.

Nifty Weekly Analysis (09th - 13th May)

Nifty Closing Price @ 5551
Nifty Supports @ 5470-5380-5300
Nifty Resistances @ 5620-5690-5784
Nifty Trend Decider @ 5450-5620


Last week in our Nifty weekly analysis, We mentioned 5720-5690 is crucial support. Closing below, Nifty can drift towards 5620-5560. Nifty made low at 5444 & on Friday recovered some ground & closed at 5551 due to sharp correction in commodity prices. Last week Nifty weekly Support of 5690-5720 will act as stiff resistance for next week. Closing above 5690-5720, Nifty will move towards 5810-5930. On Downside, Nifty has support @ 5450 then 5370-5300. Trend for short term is Neutral from bearish due to sharp pullback rally on Friday. Bullish/Bearish Above/Below 5620/5450 on Closing basis. Medium term is bearish now below 5700. Long term is bullish and this ongoing consolidation and corrective phase is long term time-wise correction only. Hence, One should accumulate fundamentally sound scrips in systematic way for 1-2 year time-frame.


" Trade with Levels not with Hope "


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

IndusInd Bank – A High growth mid-Cap banking Stock

IndusInd Bank – A High growth mid-Cap banking Stock