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Sunday, February 27, 2011
Friday, February 25, 2011
Nifty Prediction (28st Feb - 04th Mar)
Nifty Spot Closed @ 5304
Nifty Spot Supports @ 5220-5100
Nifty Future Resistances @ 5410-5560
Strong/Weak Above/Below 5340
last week, Nifty was extremely volatile with range of 300 points. Nifty made short term bottom few days back @ 5177 but fresh sell-off came due to spike in Crude Oil due to instability in Middle-east. Currently, Nifty is in Complete bearish mode with major Support @ 5220-5180. On Monday, we will have Budget. Hence, Volatility is expected to be there. If Nifty Holds 5220-5180 on Closing basis, then it will be double bottom which can create a Pullback rally till 5410-5560-5640. If Nifty closes below 5200, then it will move towards next technical support @ 5120-5050. Traders should use 5220 for going long/short. Short term & Medium term is bearish But Long Term is still bullish and this correction is 20 Month bull market correction not bear market correction. Hence, Long term Investors should Buy in Staggered manner.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty Spot Supports @ 5220-5100
Nifty Future Resistances @ 5410-5560
Strong/Weak Above/Below 5340
last week, Nifty was extremely volatile with range of 300 points. Nifty made short term bottom few days back @ 5177 but fresh sell-off came due to spike in Crude Oil due to instability in Middle-east. Currently, Nifty is in Complete bearish mode with major Support @ 5220-5180. On Monday, we will have Budget. Hence, Volatility is expected to be there. If Nifty Holds 5220-5180 on Closing basis, then it will be double bottom which can create a Pullback rally till 5410-5560-5640. If Nifty closes below 5200, then it will move towards next technical support @ 5120-5050. Traders should use 5220 for going long/short. Short term & Medium term is bearish But Long Term is still bullish and this correction is 20 Month bull market correction not bear market correction. Hence, Long term Investors should Buy in Staggered manner.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Monday, February 21, 2011
Saturday, February 19, 2011
Nifty Future Prediction (21st - 25th Feb)
Nifty Future closing price @ 5454
Nifty Future Supports @ 5380-5300-5220
Nifty Future Resistances @ 5510-5620-5700
Strong/Weak Above/Below 5410
last week, Nifty recovered from extremely oversold territory. On Friday, Due to some profit booking, It lost some ground. Currently, Nifty is slightly Bullish with major Hurdle @ 5560 & 5635 (200 DMA). On Downside intermediate support @ 5410-5350. Until & Unless Nifty manages to Close above 5635 for 2 days, Most likely Nifty will trade in region of 5350-5635 for next week. Closing below 5380, Trend will change to bearish and 5277-20 will come to picture. This is also Expiry week and Budget is round the corner which will make market volatile. Many beaten down Small/Mid cap recovered some ground by Value buying & Some short covering. As we said many times in last few weeks, Long Term is still bullish and this correction is 20 Month bull market correction not bear market correction.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Sunday, February 13, 2011
Saturday, February 12, 2011
Nifty Views ( 14th - 18th Feb )
Nifty Closed @ 5,310
Supports @ 5220-5120-5050
Resistances @ 5380-5440-5555
Trend Decider @ 5380 & 5180
Strong/Weak Above/Below 5380
Nifty still trading in bearish mode with crucial strong support @ 5220-5168. Last week, Nifty broke crucial support of 5440-5350 & made low around 5180. The correction was severe specially in Mid/Small cap and Infrastructure stocks. Small/Mid Cap made new 52 week low. Most of the momentum oscillator are extremely oversold & OI indicates lots of Shorts in the system. Until & Unless Nifty Spot Holds 5200 on closing basis, Chances of Pullback is quite high. Nifty Bullish only if closes above 5380 for a week. Closing below 5200 Nifty will move towards 5120-5050-5000. Long Term is still bullish and this correction is 20 Month bull market correction.
Regards,
www.equityahead.com
www.equityahead.net
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Supports @ 5220-5120-5050
Resistances @ 5380-5440-5555
Trend Decider @ 5380 & 5180
Strong/Weak Above/Below 5380
Nifty still trading in bearish mode with crucial strong support @ 5220-5168. Last week, Nifty broke crucial support of 5440-5350 & made low around 5180. The correction was severe specially in Mid/Small cap and Infrastructure stocks. Small/Mid Cap made new 52 week low. Most of the momentum oscillator are extremely oversold & OI indicates lots of Shorts in the system. Until & Unless Nifty Spot Holds 5200 on closing basis, Chances of Pullback is quite high. Nifty Bullish only if closes above 5380 for a week. Closing below 5200 Nifty will move towards 5120-5050-5000. Long Term is still bullish and this correction is 20 Month bull market correction.
~ Trade with Levels not with Hope
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Saturday, February 5, 2011
Nifty Future Views (07th - 11th Feb)
Nifty Future Closed @ 5387
Nifty Future Supports @ 5330-5220-5100
Nifty Future Resistances @ 5470-5575-5650
Nifty Future Strong Above 5540 & Weak Below 5410
Nifty Future continues to make new low by breaching crucial supports. Nifty future trading @ extremely short term bearish phase. Now, It standing near medium term support @ 5350-20. Technically, It can bounce sharply till 5570-5650 if holds 5350 on closing basis. Closing below 5350, It could move towards Next supports @ 5220-5100. One Should think of adding Long/Short as per Crucial Trend decider of 5350 on closing basis. Trend will change to bullish only if closes above 5640 for 2/3 days. Long term outlook remains bullish and this correction is 20 Month Bull market correction not bear market correction. Long term Investors should accumulate Fundamentally Strong Scrips with 1 year time-frame in parts as risk-reward is fruitful in long run.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty Future Supports @ 5330-5220-5100
Nifty Future Resistances @ 5470-5575-5650
Nifty Future Strong Above 5540 & Weak Below 5410
Nifty Future continues to make new low by breaching crucial supports. Nifty future trading @ extremely short term bearish phase. Now, It standing near medium term support @ 5350-20. Technically, It can bounce sharply till 5570-5650 if holds 5350 on closing basis. Closing below 5350, It could move towards Next supports @ 5220-5100. One Should think of adding Long/Short as per Crucial Trend decider of 5350 on closing basis. Trend will change to bullish only if closes above 5640 for 2/3 days. Long term outlook remains bullish and this correction is 20 Month Bull market correction not bear market correction. Long term Investors should accumulate Fundamentally Strong Scrips with 1 year time-frame in parts as risk-reward is fruitful in long run.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
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