Bajaj Electricals – A consumption play
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Sunday, December 30, 2012
Sunday, April 8, 2012
Nifty Monthly Analysis 8th April - 7th May,2012
Nifty Spot Closed at 5322
Nifty Spot Supports at 5238-5120-5049
Nifty Spot Resistances at 5421-5512-5630
Trend - Mild Bullish.
March was range-bound month for market. After 7 consecutive weeks of sharp upswing, We saw 4 weeks of market consolidation and some correction. Technically, Nifty is bullish above 515 which is also 200 DMA. On 29th march, Nifty hit 5150 but bounced sharply from 200 DMA and now trading with mild bullish at 5322 level. The single most important reason why market is not falling so far is nobody is convinced about upside. Open Interest indicates market is balanced with not too much longs.
Q4 earnings will be better than analyst’s expectations as analysts are extremely bearish on the same line like Q3. RBI will meet again in April for possible rate cut. Although, Rate cut will be slower in 2012 due to high inflation. Fiscal deficit between 5.5%-6% is concern. Stimulus of US and Europe will bring liquidity in India. Overall, Fundamental looks neutral for month of April.
Until and Unless, Nifty Holds 5150 spot on closing basis, The only way to beat the street is to have only one side approach BUY on DIPS. closing below 5150, Market will bearish for Short as well as Medium term. For short term, On Upside, Nifty spot will face resistance at 5421-5512-5630. On Downside, 5218 and then 5120-5049 are key support level. Long term is bullish. One should continue to HOLD/Buy on Decline fundamentally strong scrip's for 1-2 year time frame. We maintained Bullish term outlook for whole 2011 and we are doing the same for 2012 too.
“Trade with Levels not with Hope”
Regards,
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Sunday, January 29, 2012
Nifty Weekly Technical Analysis (30th Jan-03rd Feb)
Nifty Spot Closing Price @ 5204
Nifty Spot Supports @ 5058-4907
Nifty Spot Resistances @ 5270-5400
In 1st 4 weeks of January, Nifty moved around 650 points from bottom of 4588. Momentum indicators are overbought with possibility of some consolidation and correction in near term if fails to sustain above 5200 spot. Nifty spot is standing at crucial resistance at 5200 which is 200 DMA. If Nifty sustains above 5200 zone for 2-3 days, it will reach 5352-5400 in Feb. On downside, Supports @ 5118-5058-4981-4907-4830. Short term trader can take some profit on longs and Hold rest with trailing SL of 5118 on closing basis. Avoid Fresh positional longs or trade with tight SL. Overall, Market is Bullish above 5058 for short term. Whenever there would be correction, it would be time to buy.
Last time, we mentioned Long term investors don’t need to panic at 4500-4600 levels. Long term investors will gain a lot if they HOLD or Buy quality fundamental scrip’s for 1-2 year time frame. Sensex was trading at attractive levels and many stocks were even trading at more attractive levels. Short and Long term are Bullish now. Long term investors should hold fundamentally strong scrip’s and Add on decline. Medium Term bearish below 5400-5500 levels.
“Trade with Levels not with Hope”
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
Nifty Spot Supports @ 5058-4907
Nifty Spot Resistances @ 5270-5400
In 1st 4 weeks of January, Nifty moved around 650 points from bottom of 4588. Momentum indicators are overbought with possibility of some consolidation and correction in near term if fails to sustain above 5200 spot. Nifty spot is standing at crucial resistance at 5200 which is 200 DMA. If Nifty sustains above 5200 zone for 2-3 days, it will reach 5352-5400 in Feb. On downside, Supports @ 5118-5058-4981-4907-4830. Short term trader can take some profit on longs and Hold rest with trailing SL of 5118 on closing basis. Avoid Fresh positional longs or trade with tight SL. Overall, Market is Bullish above 5058 for short term. Whenever there would be correction, it would be time to buy.
Last time, we mentioned Long term investors don’t need to panic at 4500-4600 levels. Long term investors will gain a lot if they HOLD or Buy quality fundamental scrip’s for 1-2 year time frame. Sensex was trading at attractive levels and many stocks were even trading at more attractive levels. Short and Long term are Bullish now. Long term investors should hold fundamentally strong scrip’s and Add on decline. Medium Term bearish below 5400-5500 levels.
“Trade with Levels not with Hope”
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
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