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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 Closing Price @ 5284

Nifty Spot Supports @ 5187-5061

Nifty Spot Resistances @ 5371-5503



Last
week market remained range bound between 5200-5350. Nifty spot made low
around 5200 and recovered some ground and closed at 5284. Next week is
expected to be volatile as it will have only 3 trading sessions as
Monday and Thursday are holidays. Nifty spot index has strong support @
5200-5180 zone and until and unless it holds, One can continue to hold
long positions or/and Buy on Decline. Closing below 5187 spot for 2
days, Trend will become mild negative from neutral and next supports of
5061-4970 will come in picture. On upside 5330-5370 is stiff resistance
zone which was formed by the 61.8% of the short term or immediate fall,
50% of the intermediate or medium term fall and 38.2% of the higher term
time frame fall. Closing above 5371, next upside target could be around
5500 with trend reversal at 5200.



Short
term is side-way with mild positive bias. 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. Risk-Reward
ratio for Buyer for long term investment is good. 

” Trade with Levels not with Hope “

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

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,

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

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,

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

Nifty Spot Closing Price @ 5040

Nifty Spot Supports @ 4970-4860-4720

Nifty Spot Resistances @ 5120-5250-5336

We didn’t posted Nifty Technical Analysis for last 3 weeks due to technical reason.

For Next Week, Nifty is in
neutral zone with negative bias. Overall, still weak and last week rally
was pullback rally after big correction. Until and Unless Nifty Spot
holds 4970, Chance of pullback till 5120-5250 is possible. 5220-50 will
be strong resistance zone. There is 100 point gap between 5230 and 5330
which need to be filled for bullish trend. On Downside, Support stands
at 4970-30. Closing below 4930. 4860-4800-4720 possible. On Upside, 1st
resistance stands at 5120, Closing above 5220-5250 will come in picture.
As per trading strategy, High risk trader can go long until 4970 Holds.
Short term will be bullish only if closes above 5120 and then 5250 on
closing basis.  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,
www.equityahead.com
www.equityahead.net
www.equityahead.in

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

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

Nifty Spot Closing Price @ 5482

Nifty Spot Supports @ 5400-5330

Nifty Spot Resistances @ 5560-5650

Last week in our Nifty
technical analysis, We mentioned Nifty is mild bullish and closing above
5730 for 2 days, it could move towards 5800-5848. As expected the
strong resistance zone mentioned last week proved to be too strong and
the market reversed exactly from there due to unexpected 50bps interest
rate hike by the RBI. Later, Market corrected and closed below crucial
support of 5530.



For Next week, Nifty spot below
5530 next crucial support stands at 5410-5370. Technically, Nifty is in
sideways zone between 5400-5700. Trend is broadly neutral now between
5400-5700. Closing above 5700 for 2-3 days, Trend will become bullish
and next upside target could be 5800-5848-5930. Closing below 5370,
trend would change into bearish and June low of 5256-5195 will come in
picture.Short term and Medium Term are Neutral. 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,
www.equityahead.com
www.equityahead.net
www.equityahead.in

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

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