EquityAhead - 1 Step Ahead in Equity Research

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

Nifty Spot Closing Price @ 5660

Nifty Spot Supports @ 5600-5541-5442

Nifty Spot Resistances @ 5750-5832-5945

Last week in our Nifty
technical analysis, We mentioned Trend is Bullish but profit booking at
higher level possible. Next Crucial resistances stands @ 5720-52. Above
these levels, Nifty can move towards 5800-5871-5920. Nifty Spot failed
to close above 5752 and finally closed @ 5660 on Friday. 

For
Next Week, 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. Closing below 5541 trend will change into bearish. Currently,
Short term is Bullish Above 5600 Spot closing. 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

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

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 

Nifty Closing Price @ 5366

Nifty Supports @ 5300-5177

Nifty Resistances @ 5470-5600





Last week in our Nifty weekly
technical analysis, We mentioned that trend is still neutral with some
negative bias. Trend can only be bullish if closes above 5600. Closing
below 5451, Nifty will move towards 5370-5300. Nifty Hit 5355 on Friday.
For Next week, Trend is negative as of now until nifty closes above
resistance zone of 5470. Next immediate nifty supports stands @
5330-5280. Below 5280, it could move towards Feb low of 5238-5177. On
upside, near term resistance stands @ 5470. Closing above 5470 with good
volume can move nifty towards 5530-5600 where major resistance will
come in picture. Now, Both Short term is bearish and Medium term is
bearish below 200 DMA of 5757. 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 Closing Price @ 5486
Nifty Supports @ 5380-5256
Nifty Resistances @ 5600-5757
Nifty Trend Deciders @ 5402-5600

Last week in our Nifty weekly
technical analysis, We mentioned that trend is still neutral and most
the momentum indicators are mixed. closing below 5451 & Above 5600
will make Bearish and Bullish Trend respectively. Nifty Spot failed to
close Above/Below 5600 and 5451. For next week, short term trend is
still neutral with some negative bias. Trend will change into bullish
only if closes above 5600 for at least 2 days with good volume. Above
5600, It can move towards 5652-5691-57357. On Downside immediate
supports stands @ 5451-5420. Closing below these levels May support of
5370-5300 will come in picture. Hence, Short term is Neutral and Medium
term is bearish now below 200 DMA of 5757. 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 Closing Price @ 5517
Nifty Supports @ 5451-5330
Nifty Resistances @ 5620-5757
Nifty Trend Deciders @ 5451-5610

Last
week in our Nifty weekly technical analysis, We mentioned that trend is
still neutral and closing below 5400 & Above 5610 will make
Bearish and Bullish Trend respectively. Nifty Spot failed to close
Above/Below 5610 & 5400. Although Nifty gives up weekly closing
gain but trend is still neutral. For next week, Nifty will face stiff
resistance @ 5600-5620 zone. Most of the technical momentum indicators
are mixed. There are multiple resistances between 5600-5757. Once Nifty
spot closes above 5600-20 zone, It can move towards 5652-5691-5738-5777.
On Downside Strong Support @ 5451-5420. Closing below these levels May
support of 5370-5300 will come in picture. As long as 5451-20 holds,
Trend will be neutral. Medium term is bearish now below 200 DMA of 5757.
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 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 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

Nifty Closing Price @ 5545

Nifty Supports @ 5470-5380-5300

Nifty Resistances @ 5620-5690-5784

Nifty Trend Decider @ 5450-5620


Last week in our Nifty
technical Analysis, We mentioned trend is neutral and market in sideways
zone of 5450-5620. Nifty made Low @ 5472 & High @ 5605. For Next
week, On Downside Nifty has support @ 5470-40. Closing below, it will
move towards 5380-5300. As long as 5470 holds, chances of crossing 5620
on closing basis is possible. Once crosses 5620, then next stiff
resistances @ 5690-5750. Trend is still neutral and decisive closing
above/below 5470-40 and 5620 will decide further movement. Medium term
is bearish now below 200 DMA of 5750.  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