Posts Tagged ‘ Nifty Technical Analysis ’

Nifty Weekly Technical Analysis (03rd-07th Oct)

Nifty Spot Closing Price @ 4943
Nifty Spot Supports @ 4843-4720
Nifty Spot Resistances @ 5051-5170

Last week market continued with its downtrend and made another low on weekly basis. Nifty Spot made low of 4758 very close to crucial support of 4720. Although market recovered from 4758 to 5034 after Monday steep fall but it closed at 4943 due to profit booking. Technically, Market is still range-bound and sideways with no clear direction. On Downside, Strong supports stands at 4843-4720. On upside, immediate resistance stands at 5051. Closing above for 2 days, It will move towards 5121-5170-5238. As of now, Market is Buy on decline until and unless holds 4720 and Sell on highs until and unless fails to cross and closes above 5170.

Short term is side-way/neutral. Medium term is Bearish and long term is bullish and this is the time to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,

http://www.equityahead.com
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2011
10/02
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Nifty Weekly Technical Analysis (19th-23rd Sept)

Nifty Spot Closing Price @ 5084
Nifty Spot Supports @ 4980-4865-4750
Nifty Spot Resistances @ 5180-5268-5400

We didn’t posted Nifty Technical Analysis last week.

last week, Nifty recovered from 4900 levels and closed at 5084 after hitting high of 5143. Petrol price hike of Rs.3 per litre and a 25 bps hike in the interest rate has effected the upward momentum. For Next Week, Nifty is still in side-way zone between 4900-5180. As long as 4980 holds, Nifty can move upwards towards 5180-5268. Once Nifty Spot closes above 5268 for 2-3 days, Trend will change into Bullish and 5400 will come in picture. Below 4980, Next crucial support stands at 4900. Closing below 4900, Next target would be 4800-4750 zone.

Short term is side-way/neutral and medium term are Bearish and long term is bullish and this is the time to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,

http://www.equityahead.com
http://www.equityahead.net
http://www.equityahead.in

2011
09/18
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Nifty Technical Analysis (16th-19th Aug)

Nifty Spot Closing Price @ 5073
Nifty Spot Supports @ 5000-4910
Nifty Spot Resistances @ 5180-5350

Last week in our Nifty technical analysis, We mentioned Nifty is Bearish below 5350 and 5130-5050-4970 possible. We said Bears will try to short on every rise. Nifty Hit below 4950 and closed at 5073. Nifty cracked big time due to S&P downgraded the US for the first time in 70 years

For Next week, Nifty is still in bearish zone below 5120. Next Supports stands at 5030-4970-4910. As long as Nifty trades below 5120, Trend will be bearish and last Monday low is possible. Closing Above 5180 for 2-3 days, then trend will become mild positive and it can move towards 5330-5400 zone. Now, Both short term and medium term are Bearish and long term is bullish and this is the time to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,
http://www.equityahead.com
http://www.equityahead.net
http://www.equityahead.in

2011
08/15
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Nifty Technical Analysis (08th – 12th Aug)

Nifty Spot Closing Price @ 5211
Nifty Spot Supports @ 5100-4970
Nifty Spot Resistances @ 5330-5450

Last week in our Nifty technical analysis, We mentioned Nifty is broadly in neutral and sideways zone between 5400-5700. Closing below 5370, Trend will change into bearish and June low 5256-5195 possible. The weakening financial and debt crisis in the US and Europe took a toll on our markets and Nifty hit 5116. Nifty spot closed at 5211.

For Next week, Nifty is in bearish mode. Next Nifty spot supports stands at 5130-5050-4970. Technically, Nifty is bearish below 5350. Until and Unless Nifty trades below 5350, Bears will try to short on every rise. Closing above 5350 trend will become mild positive and 5410-5470-5560 will come in picture. Now, Both short term and medium term are Bearish and long term is bullish and this is the time to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,
http://www.equityahead.com
http://www.equityahead.net
http://www.equityahead.in

2011
08/07
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Nifty Technical Analysis (25th-29th July)

Nifty Spot Closing Price @ 5634
Nifty Spot Supports @ 5530-5410
Nifty Spot Resistances @ 5730-5848

Last week in our Nifty technical analysis, We mentioned Nifty is neutral with further consolidation between 5500-5650 possible. On Upside Nifty spot has resistances at 5652 and Until and unless Nifty spot holds 5495 on closing basis, chance of pullback rally possible. Nifty recovered from key support of 5530-5495 and closed at 5634.

For Next weel, Nifty Spot Trend is mild Bullish until it holds 5530 on closing basis. On Upside Nifty spot has resistances at 5652 and then at 5717-5752. If Nifty Spot closes above 5730 for 2 days, then it will move towards 5800-5848. One should continue to Hold Long positions or Buy on Decline with SL 5530 on closing basis. Closing Above 5730, Nifty will streghten its bulishness. On Downside, Nifty Spot has supports at 5530-5495. Closing below 5495, next supports of 5410-5355 will come in picture. Currently, Short term is Bullish Above 5495 spot closing. Medium Term is Neutral and will change into Bullish Above 5750. Long term is Bullish and we always mentioned to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,
http://www.equityahead.com
http://www.equityahead.net
http://www.equityahead.in

2011
07/23
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Nifty Technical Analysis (18th-22nd July)

Nifty Spot Closing Price @ 5581
Nifty Spot Supports @ 5495-5410
Nifty Spot Resistances @ 5652-5750

Last week in our Nifty technical analysis, We mentioned Nifty Spot has crucial resistance of 200 DMA around 5750. Nifty is also overbought, Hence some consolidation possible around 5550-5750. If Nifty Spot closes above 5750 for 2 days, then it will move towards 5832-5945. On Downside, Crucial Support at 5600 and then at 5541. Nifty traded between 5530-5650 for most of the time.

For Next week, Trend is neutral with further consolidation between 5500-5650 possible. On Upside Nifty spot has resistances at 5652 and then 5750. If Nifty Spot closes above 5750 for 2 days, then all trend will change into Bullish and it will move towards 5832-5945 in short term. On Downside, Strong support at 5495 and 5410. Until and unless Nifty spot holds 5495 on closing basis, chance of pullback rally possible. Closing below 5450 trend will change into bearish and next supports of 5410-5355 will come in picture. Currently, Short term is Neutral Above 5500 spot closing. Medium Term is Neutral and will change into Bullish Above 5750. Long term is Bullish and we always mentioned to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,
http://www.equityahead.com
http://www.equityahead.net
http://www.equityahead.in

2011
07/17
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Nifty Technical Analysis (04th-08th July)

Nifty Closing Price @ 5627
Nifty Supports @ 5520-5410
Nifty Resistances @ 5720-5871

Last week in our Nifty technical analysis, we mentioned Trend is Bullish with major Hurdle @ 5550-5610. Nifty continued to move upward from 5471 to 5705 while crossing hurdle of 5550-5610 and closed at 5627. For Next Week, Trend is still Bullish but profit booking at higher level possible. Next Crucial resistances stands @ 5720-52. Above these levels, Nifty can move towards 5800-5871-5920. On Downside, Strong supports at 5520 – 5458 – 5410. As long as 5520 holds, Trend will be Bullish. Closing below 5458 trend will change into bearish again. Medium Term is Neutral. Long term is Bullish and we always mentioned to accumulate fundamentally strong scrip’s in systematic way for 1-2 year time-frame as this was ongoing consolidation and corrective phase for long term.

” Trade with Levels not with Hope ”

Regards,

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

2011
07/03
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Nifty Technical Analysis (27th June-1st July)

Nifty Closing Price @ 5471
Nifty Supports @ 5340-5252
Nifty Resistances @ 5600-5752

Last week in our Nifty technical analysis, we mentioned Trend is negative with support @ 5330-5280. Below 5280, it could move towards 5238-5177. Nifty made low 5195 after breaching all support of 5330-5280-5238 due to Mauritius treaty news. After making low @ 5195, Nifty recovered sharply and closed strongly @ 5471. Sharp recovery was mainly due to short covering and Value buying at lower level. For Next week, Trend is Bullish with major Hurdle @ 5550-5610. Above 5610, Next crucial resistances stands @ 5710-5752. On Downside 5340 will act as crucial support. Now, Short term is bullish and Medium term is bearish below 200 DMA of 5752. 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

2011
06/25
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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

2011
05/28
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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

2011
05/21
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