WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4670 and it would be decline towards 4580 – 4490. Other hand above 4670 Nifty will be traded with positive bias and it would be tries to test 4760 – 4850.   “   We suggested    Strategy:   [1] Open short below 4670 with stop loss 4760 for target 4580 – 4490   [2]  Open long above 4670 with stop loss 4580 for target 4760 – 4850.

Nifty traded expected after opened gape down. In first half of week Nifty made new low of 2 years at 4531 and achieved our 1^st down side target. Due to international markets Nifty turned up and succeeds to close above 4670 on Wednesday and achieved our 1^st upside target of 4760. Nifty gained 62 points ( + 1.34 % ) and closed in green.

  

                                     For This Week

We expect between 4760 – 4850 Nifty should finds strong resistance and to clear this levels Nifty  should needed more strength and momentum Other hand below 4670 Nifty will be losing Its strength and once again it would be decline towards 4580 – 4490. Nifty should find 1^st Sup. at 4670 – 4630 & 2^nd Sup. at 4580 – 4540 and Nifty should find 1^st Res. At 4760 – 4810 & 2^nd Res. At 4850 – 4900.

Be cautious and trade carefully because of F&O expiry in this week. Hence we expect volatility to re-main in the market.  

Strategy:

[1] Open short below 4670 with stop loss 4760 for target 4580 – 4490

[2]  Open long above 4760 with stop loss 4670 for target 4850 – 4940.   

NIFTY :: OP = 4623.15 , HI = 4763.45 , LO = 4531.15 , CL = 4714

ONCE AGAIN WE SUCCEED

JAY SWAMINARAYAN

We said   “   Between 4850 – 4760 Nifty finds good support. But Once Nifty sustains below 4760 than we will see new low in upcoming 2-3 weeks. Nifty will be traded with negative bias below 4850 and it would be decline towards 4760 – 4670.   “   We suggested    Strategy:   Open short below 4850 with stop loss 4940 for target 4760 – 4670.  [ We give 60 % to this Probability ]

    

Nifty traded expected after opened above 4900. In first half of week Nifty was succeed to sustain above 4760 but it failed to sustain above 4760 in 2^nd half so it declined very sharp below 4760. Finally it took support at 4630 and achieved our both down side target. Nifty lost 215 points ( - 4.42 % ) and closed in red.

                             Once again we succeed as usual

                                                                                                                               

[1]   We Said On 4 December 2011 When Nifty Closed At  5050.15.   

Ø  “   Plz keep close eye on 5080 level, in any situations if Nifty fails to cross and sustains above 5080 than it will be in big-big trouble in this Month.   “

[2]   We Said On 11 December 2011 When Nifty Closed At  4866.70.

Ø  “   We expect between 4850 – 4760 Nifty finds good support and if it succeeds to take support around these levels than it might give some bounce. But Once Nifty sustains below 4760 than we will see new low in upcoming 2-3 weeks.   “

      We warn you from 4^th December 2011   “     Nifty will be in big-big trouble in this Month.   “  & “     we will see new low in upcoming 2-3 weeks   “   and Nifty lost 400 points in last 2 weeks and made new low of 4628.20 in same week and closed at 2 year lower level.

                                                         

                                  For This Week

We expect Nifty will be traded with negative bias below 4670 and it would be decline towards 4580 – 4490. Other hand above 4670 Nifty will be traded with positive bias and it would be tries to test 4760 – 4850.  Nifty should find 1^st Sup. at 4630 – 4580 & 2^nd Sup. at 4540 – 4490 and Nifty should find 1^st Res. At 4720 – 4760 & 2^nd Res. At 4810 – 4850.

Strategy:

[1] Open short below 4670 with stop loss 4760 for target 4580 – 4490

[2]  Open long above 4670 with stop loss 4580 for target 4760 – 4850.  

NIFTY :: OP = 4906.85 , HI = 4910.25 , LO = 4628.20 , CL = 4651.60.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850.   “   We suggested    Strategy:   Open short below 5030 with stop loss 5120 for target 4940 – 4850.  [ We give 60 % to this Probability ]

Nifty traded expected after opened weak. In first half of week Nifty made high of 5100 but it failed to sustain above 5080 and declined very sharp below 5030 in 2^nd half. Finally it took support at 4840 thus it achieved our both down side target. Nifty lost 183 points ( - 3.63 % ) and closed in red.

                                 For This Week  

We expect between 4850 – 4760 Nifty should finds good support and if it succeeds to take support around these levels than it might give some bounce. But Once Nifty sustains below 4760 than we will see new low in upcoming 2-3 weeks. Nifty will be traded with negative bias below 4850 and it would be decline towards 4760 – 4670. Other hand above 4850 Nifty will be traded with positive bias and it would be tries to test 4940 – 5030.  Nifty should find 1^st Sup. at 4810 – 4760 & 2^nd Sup. at 4720 – 4670 and Nifty should find 1^st Res. At 4900 – 4940 & 2^nd Res. At 4990 – 5030.

Be cautious and trade carefully because of the current Global and Domestic precarious situation Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 4850 with stop loss 4940 for target 4760 – 4670.  [ We give 60 % to this Probability ]

[2]  Open long above 5030 with stop loss 4850 for target 4940 – 5030.   [ We give 40 % to this Probability ]

NIFTY :: OP = 5036.50 , HI = 5099.25 , LO = 4841.75 , CL = 4866.70

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   last week high 4780 would be act as a resistance in this week and if Nifty succeeds to sustain above this level than it may move up for another 100 – 150 points.   “   We suggested    Strategy:    Open long above 4700 with stop loss 4630 for target 4760 – 4850.  

Nifty traded expected after opened with bull gape and achieved our both upside target on first day of week than in last 2 days Nifty gave smart up move due to international market. Nifty gained massive 340 points ( + 7.22 % ) and closed in green.   

                                     For This Week  

  

We expect Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and it would be tries to test 5120 – 5210.  Nifty should find 1^st Sup. at 4990 – 4940 & 2^nd Sup. at 4900 – 4850 and Nifty should find 1^st Res. At 5080 – 5120 & 2^nd Res. At 5170 – 5210.

Plz keep close eye on 5080 level, in any situations if Nifty fails to cross and sustains above 5080 than it will be in big-big trouble in this Month. But once Nifty succeeds to move above and sustain above 5080 than it is good for market, in these situations open your long as well as Nifty holds 5030.

Strategy:

[1]  Open short below 5030 with stop loss 5120 for target 4940 – 4850.  [ We give 60 % to this Probability ]

[2]  Open long above 5030 with stop loss 4940 for target 5120 – 5210.   [ We give 40 % to this Probability ]

NIFTY :: OP = 4769.30 , HI = 5062.55 , LO = 4754.80 , CL = 5050.15.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4940 and it would be decline towards 4850 – 4760.   “   We  suggested    Strategy:   Open short below 4940 with stop loss 5030 for target 4850 – 4760.  [ We give 60 % to this Probability ]

Nifty traded expected after opened weak and achieved our both down side target. Nifty declined very sharp below 4760 and finally it took support at 4640. Nifty lost 195 points ( - 3.99 % ) and closed in red.  

                                 For This Week

We expect now last week low 4640 would be act as a support in this week.If Nifty sustains below this level than it should loss another 100 – 150 points. Other hand last week high 4780 would be act as a resistance in this week and if Nifty succeeds to sustain above this level than it may move up for another 100 – 150 points. .  Nifty should find 1^st Sup. at 4670 – 4630 & 2^nd Sup. at 4580 – 4540 and Nifty should find 1^st Res. At 4760 – 4790 & 2^nd Res. At 4850 – 4880.

Strategy:

[1]  Open short below 4700 with stop loss 4790 for target 4670 – 4580.  [ We give 60 % to this Probability ]

[2]  Open long above 4700 with stop loss 4630 for target 4760 – 4850.   [ We give 40 % to this Probability ]

NIFTY :: OP = 4873.80 , HI = 4873.80 , LO = 4639.10 , CL = 4710.05