Spice Jet: In a Price Channel

SPICE JET Daily BSE Stock Chart Technical Analysis:

Spice Jet lost some value again and lost some of the value it had gained a couple of days ago.

Close and CMP: 47.3

Market Outlook:

• The price hit its resistance at 49.50 and fell back.  As visible, the price is stuck in a price channel since 7th Feb '10 and is moving between 49.50 on the upper side and 44 on the lower side.  
• Refrain from trading as of now, until it comfortably goes above 49.50.
• Spice Jet ४९.५० और ४४ के बीच में चल रहा है.  अभी के हिसाब से ४९.५० के ऊपर ही यह शेयर लेना चाहिए. 

Technical Indicators:

• The price formed an evening star candlestick pattern today, and though the momentum has started moving up, the weekly MACD is looking negative and the trading is also lower.  Overall a bag of mixed signals with more negatives.  

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SPICE JET Daily BSE Stock Chart Technical Analysis

NIFTY: Might Hit Resistance Soon

NIFTY Daily Chart Technical Analysis:

NIFTY made a rise today, continuing a positive week for the stock market.

Close & CMP: 5546

Market Outlook:

• NIFTY might remain sideways tomorrow, and Monday-Tuesday could see a big movement in either downward or upward direction, with a higher probability of downwards.
• निफ्टी कल शांत रहना चहिये, और सोमवार या मंगलवार को गति दिखा सकता है.  ज्यादा सम्भावना है की तब फिर नीचे की और जायेगा.

Technical Indicators:

• The market showed good recovery today but the momentum is rising very fast and could soon hit upside and tumble back. 
• 5627 is the resistance and 5415 is the support for NIFTY.
• Closing above 5627 is a very positive sign.

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NIFTY Daily Chart Technical Analysis