SPICEJET – Flying High

SPICEJET – Flying High

Nifty Future Prediction (27th - 31th Dec)

Nifty Spot Closed @ 6012
Supports @ 5950-5880-5770
Resistances @ 6070-6137-6202
Strong/Weak Above/Below 5950 Spot Closing

In Last 2 Week, We mentioned Nifty Spot has strong support @ 5750-5690. If Holds, it will move towards 5930-70 and then 6050-90. Nifty Made High @ 6017 after Crossing the hurdle @ 5950. For Next Week, Nifty will face major resistance @ 6050-90. Once Crossed & Closes above it will move towards 6137-6202 and failure will also make trend reversal. Now Nifty in Bullish mode with Strong Support @ 5950-5920. Its Buy on Decline Above 5920 which is 20 DMA. Closing Below 5920, it will turn bearish. Hence, HOLD/Buy on Decline with SL 5920 Spot Closing. Above 6070, Nifty will add more strength.


Medium Term Crucial Support @ 5555 & Resistance @ 6357 on Closing Basis.


" Trade with Levels not with Hope "


Regards,
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CHRISTMAS & NEW YEAR OFFER – ONCE IN A YEAR

CHRISTMAS & NEW YEAR OFFER – ONCE IN A YEAR

Nifty Predictions (20th - 24th Dec)

Nifty Spot Closed @ 5949
Supports @ 5850-5770-5690
Resistances @ 5980-6070-6180
Strong Above 5915 & Weak Below 5835 Spot Closing

Last Week, we mentioned Nifty has made double bottom @ 5750-5690, If Holds it will move towards 5930-70 and then 6050-90. Nifty Made high @ 5956. For Next Week, Nifty has Important resistance @ 6070 & Crucial Support @ 5870-30. As of now, this is pullback rally from Support 5690-5750 till 6070 with hurdle @ 5970. Until & Unless Nifty Spot Holds 5830 on closing basis, Its Buy on Decline for Upside 6070. Closing Above 6070 will break this range of 5700-6070 & will move towards 6180-6240+. Closing below 5830 will make bearish TGT. Hence, Time to Hold Longs with SL 5830
Spot Closing.


Medium Term Crucial Support @ 5535 & Resistance @ 6357 on Closing Basis.


" Trade with Levels not with Hope "


Regards,
www.equityahead.com
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Nifty Futures Outlook (13th - 17th Dec)

Nifty Spot Closed @ 5857
Supports @ 5750-5680-5520
Resistances @ 5930-6070-6200

Last Week, We mentioned Nifty will Face Hurdle @ 6030-80, If Fails to Cross then Downside target of 5865-5750 & Nifty Spot Hit @ 5721 on Friday. Now Nifty made Double Bottom @ 5750-5680 which will act as strong support for days to come. On Upside it will face hurdle @ 5930-70 & then Big Hurdle @ 6050-90. Until & Unless Nifty Breaks 6070 on closing basis, It will trade in Range of 5700-6070. On Last day, Nifty saw some pull back rally from 5721 level. Technically, Nifty Can see upward move till 6070 if holds 5750-5680. Closing Below 5680, Downside target 200 DMA i.e. 5520 and then 5400. Hence, One Can go long/Short Above/Below 5750 spot closing. Overall now trend Neutral. Bullish Above 6070 & Bearish Below 5750 spot Closing.

Medium Term Crucial Support @ 5520 & Resistance @ 6357 on Closing Basis.


" Trade with Levels not with Hope "


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

Nifty Futures Outlook (06th - 10th Dec)

Nifty Spot Closed @ 5993
Supports @ 5930-5865-5750
Resistances @ 6050-6140-6230

Last Week We, Mentioned, If 5670-30 Holds, Upside Target 6020 & Nifty Hit Exactly 6020+ this Week. For Coming Week, Nifty will face Hurdle @ 6030-80. Once Crosses All, it will move towards 6140-6230+, Now Trend is Bullish with Support @ 5930-5865. Some consolidation phase also possible before next 1 side move. Until & Unless 5930-5865 Holds, Short term is Bullish and any Decline is Buying Opportunity. Closing Below 5865, Short term Trend will become Bearish. In Addition, Failure of Crossing 6030-80 will lead to 5865-5750 in days to come. Hence, Watch out Nifty Spot level of 6030-80 for Fresh Long/Short.

Medium Term Crucial Support @ 5630 & Resistance @ 6357 on Closing Basis.


" Trade with Levels not with Hope "


Regards,

www.equityahead.com
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www.equityahead.in

Nifty Outlook (29th Nov - 03rd Dec)

Nifty Spot Closed @ 5751
Supports @ 5700-5630-5555
Resistances @ 5830-5930-6020

This Week, Nifty broke all Short term Support on the News of Various Scams & Korean/Ireland Old Problem . 5865 was Crucial Support which is not stiff resistance. Below 5865, Next Support stands @ 5700-5630-5555. Technically Market is weak but Pull back rally possible. 200 DMA @ 5454 which is medium term Support, Below Bears will Rule on D-Street. If 5670-30 Holds, We might See 5930-6020 in days to come as Dead Cat Bounce. Below 5670 Nifty will move towards medium term Support @ 5555-5454-5350.


" Trade with Levels not with Hope "


Regards,

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

Nifty Outlook (22nd - 26th Nov)

Nifty Spot Closed @ 5890
Supports @ 5835-5750
Resistances @ 6002-6137
Strong/Weak Above/Below 5980.

Nifty Standing @ Short Term Support of 5865-5835. This Week Nifty came down from 6121 to 5890 on closing Basis. It Closed below Crucial Support of 5980 which makes Nifty Bearish for short term. Most of the Momentum Indicators are oversold now and Bounce back possible. 5865-5835-5770 are Crucial Support now as per Medium term Support line. Closing below 5865 can lead to more correction till 5770-5700. If Nifty Sustain Above 5865, then it can bounce till 6000-6137-6180. Watch out 5865-35 for Long/Short for next week.


" Trade with Levels not with Hope "


Regards,


www.equityahead.com
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www.equityahead.in

Nifty Outlook (15th Nov - 19th Nov)

Last Week, We mentioned 2 Crucial Levels. Big Resistance @ 6357 & Strong Support @ 6230. Above/Below Market was expected to move 100-200 Points Atleast. Nifty Failed to Cross 6357 & Breached 6230 & Hence Closed @ 6071, around 150 point down. Reason will come by IRELAND a default by 70 bn US $ (Just the MCAP of SBI) and Supported By China Market Cracked 5% in 2 Days. But I think Reason is far different. Market was overbought and over leveraged and this kind of correction which keeps on coming every now and then helps creating balance of the market. Also, FIIS were churning their portfolio which leads to this affect. Now Rumors started Buzzing of 5600. We believe if market breaks 200 DMA which is below 5400 then Only market will turn Bearish atleast technically for medium term.

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For Coming Week, Nifty has Strong Support @ 5980-5930-5865. If 5930 Holds, It can Bounce till 6150-6240. Again Stiff Resistances @ 6280-6357 which will lead to more upside or reversal. Technically, Closing Below 5865 makes Downside target more wider till 5775-5600. Watch out 5930-6000 Support Area for Long/Shorts for next week.


" Trade with Levels not with Hope "


Regards,

www.equityahead.com

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www.equityahead.in

Nifty Outlook (8th Nov - 12th Nov)

Nifty Spot Closed @ 6312
Supports @ 6230-6137-6035
Resistances @ 6357-6420-6500
Strong/Weak Above/Below 6230.

Last Week was a Bullish Week across sectors & stocks on Diwali occasion. Last week, we mentioned Nifty Spot Strong Support @ 5970, If Holds 6240+ and Nifty Spot Now @ 6312 near all time High. Nifty will face hurdle @ All Time High, Once Close above will move towards 6420-6500+. Below 6230 Closing, Some Weakness will arise hence one should use Sl 6230 closing as Trailing SL for Profit protection.


" Trade with Levels not with Hope "


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