JAY SWAMINARAYAN...
WE SAID LAST WEEK " NIFTY NEED STRENGTH AND HIGH VOLUME TO KEEP UP MOVE CONTINUE..NIFTY GENERATE STRENGTH ONLY AFTER CROSSING AND SUSTAIN ABOVE 5510 AND GENERATE MOMENTUM ONLY AFTER CROSSING 5570 WITH FORCE. "
NIFTY TRADED EXPECTED DURING LAST WEEK . NIFTY GENERATED SOME STRENGTH ABOVE 5510 TO MOVE UP AND MAKE HIGH 5604 BUT IT FAILED TO SUSTAIN STRENGTH & MOMENTUM ABOVE 5570 SO NIFTY TURN BACK FROM HIGHER LEVEL TOWARDS 5510 AT END OF THE WEEK.
WE EXPECT SAME IN CURRENT WEEK, BELOW 5510 NIFTY WILL BE TRADED WITH NEGATIVE BIAS. ONLY ABOVE 5510 NIFTY GENERATE SOME STRENGTH & ONLY ABOVE 5570 NIFTY GENERATE MOMENTUM. NIFTY HAVE 1ST SUP AT 5480 - 5390 & 2ND SUP AT 5300 - 5210 AND NIFTY HAVE 1ST RES. AT 5570 - 5620 & 2ND RES AT 5660 - 5750.
WE SAID LAST WEEK " NIFTY NEED STRENGTH AND HIGH VOLUME TO KEEP UP MOVE CONTINUE..NIFTY GENERATE STRENGTH ONLY AFTER CROSSING AND SUSTAIN ABOVE 5510 AND GENERATE MOMENTUM ONLY AFTER CROSSING 5570 WITH FORCE. "
NIFTY TRADED EXPECTED DURING LAST WEEK . NIFTY GENERATED SOME STRENGTH ABOVE 5510 TO MOVE UP AND MAKE HIGH 5604 BUT IT FAILED TO SUSTAIN STRENGTH & MOMENTUM ABOVE 5570 SO NIFTY TURN BACK FROM HIGHER LEVEL TOWARDS 5510 AT END OF THE WEEK.
WE EXPECT SAME IN CURRENT WEEK, BELOW 5510 NIFTY WILL BE TRADED WITH NEGATIVE BIAS. ONLY ABOVE 5510 NIFTY GENERATE SOME STRENGTH & ONLY ABOVE 5570 NIFTY GENERATE MOMENTUM. NIFTY HAVE 1ST SUP AT 5480 - 5390 & 2ND SUP AT 5300 - 5210 AND NIFTY HAVE 1ST RES. AT 5570 - 5620 & 2ND RES AT 5660 - 5750.
NIFTY :: OP = 5565.70 , HI = 5604.95 , LO = 5507.20 , CL = 5516.75
