Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9440 with support 9530 & resistance are 9400 –9350 / 9310 – 9260 / 9220 – 9170.   [2]  Nifty looks positive above 9440 with support 9350 & resistance are 9490 – 9530 / 9580 – 9620 / 9670 – 9710.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 9341.65 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and then gave smart rally above 9600. Nifty achieved our 1^st upside target and registered life high of 9604.90 in second half. Nifty gained 167 points ( + 1. 75 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                                         

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9530 and it would be declines towards 9440 – 9350 – 9260. Other hand above 9530 Nifty will be traded with positive bias and it would be tries to touch 9620 – 9710 - 9800. Nifty have 1st Sup. at 9490 – 9440 & 2nd Sup. at 9400 – 9350 & 3rd Sup. at 9310 – 9260 and Nifty find 1st Res. at 9580 – 9620 & 2nd Res. at 9670 – 9710 & 3rd Res. at 9760 – 9800.

Positional Strategy:

[1]  Nifty looks negative below 9580 with support 9670 & resistance are 9530 –9490 / 9440 – 9400 / 9350 – 9310. 

[2]  Nifty looks positive above 9580 with support 9490 & resistance are 9620 – 9670 / 9710 – 9760 / 9800 – 9850.

NIFTY :: OP = 9480.25 , HI = 9604.90 , LO = 9341.65 , CL = 9595.10.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22760 and it would be declines towards 22580 – 22400 – 22220. Other hand above 22760 Bank Nifty will be traded with positive bias and it would be tries to touch 22940 – 23120 - 23300. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22760 with support 22940 & resistance are 22670 – 22580 / 22490 – 22400 / 22310 – 22220.   [2]  Bank Nifty looks positive above 22760 with support 22580 & resistance are 22850 – 22940 / 23030– 23120 / 23210 – 23300.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 22469.80 and achieved our 1^st down side target. After that Bank Nifty Turned up towards our buying level and gave smart rally above 23400. Bank Nifty registered life high of 23408.35 and achieved our all three upside targets in second half. Bank Nifty gained massive 592 points (+ 2.54 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 23390 and it would be declines towards 23210 – 23030 – 22850. Other hand above 23390 Bank Nifty will be traded with positive bias and it would be tries to touch 23570 – 23750 - 23930.  Bank Nifty has 1st Sup. at 23300 – 23210 & 2nd Sup. at 23120 – 23030 & 3rd Sup. at 22940 – 22850 and Bank Nifty find 1st Res. at 23480 – 23570 & 2nd Res. at 23660 – 23750 & 3rd Res. at 23840 - 23930.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 23390 with support 23570 & resistance are 23300 – 23210 / 23120 – 23030 / 22940 – 22850.   

 [2]  Bank Nifty looks positive above 23390 with support 23210 & resistance are 23480 – 23570 / 23660– 23750 / 23840 – 23930.

BANK NIFTY :: OP = 22874.80 , HI = 23408.35 , LO = 22469.80 , CL = 23362.20.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

ARE YOU READY???????

We said last week “ Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9400 with support 9490 & resistance are 9350 –9310 / 9260 – 9220 / 9170 – 9130.   [2]  Nifty looks positive above 9400 with support 9310 & resistance are 9440 – 9490 / 9530 – 9580 / 9620 – 967.

               

Nifty opened positive and traded expected. In first half Nifty registered new high of 9532.60 and achieved our 1^st upside target but not able to sustain at higher level. So, Nifty turned back and declined sharp below 9400 and registered low of 9390.75 in second half. Nifty gained 27 points ( + 0. 28 % ) and closed in green.                                                                                    

                                                                                                                                                                                                                                                                                  

                                Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. Nifty have 1st Sup. at 9400 – 9350 & 2nd Sup. at 9310 – 9260 & 3rd Sup. at 9220 – 9170 and Nifty find 1st Res. at 9490 – 9530 & 2nd Res. at 9580 – 9620 & 3rd Res. at 9670 – 9710.

We expect volatility to remains in the market on account of F & O expiry in this week. Hence be cautious and trade carefully.

Positional Strategy:

[1]  Nifty looks negative below 9440 with support 9530 & resistance are 9400 –9350 / 9310 – 9260 / 9220 – 9170. 

[2]  Nifty looks positive above 9440 with support 9350 & resistance are 9490 – 9530 / 9580 – 9620 / 9670 – 9710.

NIFTY :: OP = 9433.55 , HI = 9532.60 , LO = 9390.75 , CL = 9427.90.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22670 and it would be declines towards 22490 – 22310 – 22130. Other hand above 22670 Bank Nifty will be traded with positive bias and it would be tries to touch 22850 – 23030 - 23210. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22670 with support 22850 & resistance are 22580 – 22490 / 22400 – 22310 / 22220 – 22130.   [2]  Bank Nifty looks positive above 22670 with support 22490 & resistance are 22760 – 22850 / 22940– 23030 / 23120 – 23210.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 22978.15 but once again failed to sustain at higher level. So,   Bank Nifty turned back and declined sharp towards 22600 and registered low of 22628.45 in second half. Bank Nifty gained 98 points (+ 0.43 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22760 and it would be declines towards 22580 – 22400 – 22220. Other hand above 22760 Bank Nifty will be traded with positive bias and it would be tries to touch 22940 – 23120 - 23300.  Bank Nifty has 1st Sup. at 22670 – 22580 & 2nd Sup. at 22490 – 22400 & 3rd Sup. at 22310 – 22220 and Bank Nifty find 1st Res. at 22850 – 22940 & 2nd Res. at 23030 – 23120 & 3rd Res. at 23210 - 23300.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22760 with support 22940 & resistance are 22670 – 22580 / 22490 – 22400 / 22310 – 22220.   

 [2]  Bank Nifty looks positive above 22760 with support 22580 & resistance are 22850 – 22940 / 23030– 23120 / 23210 – 23300.

BANK NIFTY :: OP = 22735.85 , HI = 22978.15 , LO = 22628.45 , CL = 22769.80.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]