WEEKLY REVIEW

JAY SWAMINARAYAN

We said  “  We expect in this week above 4760 Nifty will be traded with positive bias. remember last week we said “Nifty will be give monthly close between 5000 – 5100  “  this statement is not about month expiry. we continue with this statement. Nifty find 1^st sup at 4850 – 4760 & 2^nd at 4720 – 4670 and Nifty find 1^st res at 4940 – 5030 & 2^nd at 5080 – 5120. this is f & o expiry week so volatility is expected. so trade carefully with strict stop loss. 

strategy:  .  Open your long near 4800 – 4850 with strict sl 4720 for tgt 4940 – 5030. once nifty sustain 5030 then we may see some more upside in next week. “  Nifty traded expected and achieved our 1^st up side tgt then nifty turn back towards  our sl 4720.

 We expect in this week nifty have strong support between 4670 – 4580. if  Nifty will come near this level than it turn up very sharp towards 4850 -4940. Nifty should be close in green this week. Nifty find 1^st sup at 4670 – 4580 & 2^nd at 4540 – 4490 and 1^st res at 4670 – 4850 & 2^nd at 4940 – 5030. remember from 2 weeks we said “  Nifty will be give monthly close between 5000 – 5100  “  this statement is not about month expiry. we continue with this statement.    

Strategy:

   

[1] Open your long if nifty come near 4670 with strict stop loss 4580 for tgt 4850 – 4940 or open your long  at current level if nifty turn up from this level with strict sl 4670 for tgt 4850 – 4940.

[2] Open your short if nifty come near 5030 in this week or next week with strict stop loss 5120 for tgt 4940 – 4850.

NIFTY :: OP = 4843.70 , HI = 4965.80 , LO = 4720 , CL = 4747.80

WEEKLY REVIEW

JAY SWAMINARAYAN

We said  “  We expect above 5030 Nifty will be traded with positive bias and try to touch 5210 – 5300 levels once again. Now Nifty should be traded in range 4850 – 5480 and  try to stable between 5030 – 5210 levels in this week. Nifty will be give Monthly close between 5000 – 5100. Nifty find 1^st Sup at 5030 – 4940 & 2^nd Sup at 4850 – 4760  “    Nifty traded Expected  and held 5030 till Wednesday but on Thursday Nifty gone below 5030 and made new low of  4796.10 between our 2^nd sup 4850 – 4760.

We expect in this week above 4760 Nifty will be traded with positive bias. Remember last week we said “Nifty will be give Monthly close between 5000 – 5100  “  This statement is not about month expiry. We continue with this statement. Nifty find 1^st Sup at 4850 – 4760 & 2^nd at 4720 – 4670 and Nifty find 1^st res at 4940 – 5030 & 2^nd at 5080 – 5120. This is F & O expiry week so volatility is expected. So trade carefully with strict stop loss.

Strategy :  .  Open your long near 4800 – 4850 with strict sl 4720 for tgt 4940 – 5030. Once nifty sustain 5030 then we may see some more upside in next week.

NIFTY  :   OP = 4859.30 , HI = 4893.60 , LO = 4796.10 , CL = 4845.65.

WEEKLY REVIEW

JAY SWAMINARAYAN

[1]  We said on 28 March 2011 when Nifty closed at  5687.25  “  We expect after 1^st or 2^nd week of May 2011 Nifty register new low and go very below it.  “

[2]  We said on 17 April 2011 when Nifty closed at 5824.55   “  After 1^st or 2^nd week of May 2011 we will see more down side levels and 5000 is possible target.  “

We said  “  We expect  below 5300 Nifty will be traded with negative bias and once again Nifty try to test recent low but it will be find strong support between 5120 - 5030. Once nifty test this levels than it will be turn back towards 5210 - 5300 levels. Nifty find 1st Sup at 5210 - 5120 & 2nd Sup at 5030 -4940  and find 1st Res at 5300 - 5390 & 2nd Res at 5440 - 5480. “   Nifty traded expected and made new low of 4946.45 near our 2^nd support  4940 then Nifty turned up towards  5204 near our 1^st target 5210 but failed to sustained the gain and closed in red.

We expect above 5030 Nifty will be traded with positive bias and try to touch 5210 – 5300 levels once again. Now Nifty should be traded in range 4850 – 5480 and  try to stable between 5030 – 5210 levels in this week. Nifty will be give Monthly close between 5000 – 5100. Nifty find 1^st Sup at 5030 – 4940 & 2^nd Sup at 4850 – 4760 and find 1^st Res at 5120 – 5210 & 2^nd Res at 5300 – 5390. Due to U S A and Europe Debt Crisis our market also fill pressure.

NIFTY  :: OP = 5083.85 , HI = 5204.20 , LO = 4946.45 , CL = 5072. 95.

Once again we succeed as usual

JAY SWAMINARAYAN


We warned you from last 5 week that it is very hard for nifty to move above 5660 - 5750 and sustain above this levels. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480. 

[1]    We said on 4 July 2011 when Nifty closed at 5627.20  "  We expect now only above 5660 Nifty will be generate strength and only above 5750 Nifty will be generate momentum but it's look like difficult at this time. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480. 


[2]    We said on 10 July 2011 when Nifty closed at 5660.65  "  We expect same for this week.  " 


[3]    We said on 17 July 2011 when Nifty closed at 5581.10  "   We expect same for this week also "


[4]    We said on  24 July 2011 when Nifty closed at 5633.95  "   We expect same for this week also "


[5]    WE said on 1 August 2011 when Nifty closed at 5482  "  We expect now 5300 will be working as a strong support and 5660 working as a strong resistance for the Nifty. In this week Nifty might be traded range bound between 5390 - 5570. Nifty find 1st sup. at 5480 - 5390 & 2nd at 5300 - 5210 and find 1st res. at 5570 - 5660 & 2nd at 5710 - 5750. "


We said on 24 July 2011  "  open your long position above 5660 with sl  5570 or open short below 5570 with sl 5660. (if one should want small sl then 5620 is best in both side trade but it is little bit risky)  "  Those who opened short on Nifty can book profit here.


We expect  below 5300 Nifty will be traded with negative bias and once again Nifty try to test recent low but it will be find strong support between 5120 - 5030. Once nifty test this levels than it will be turn back towards 5210 - 5300 levels. Nifty find 1st Sup at 5210 - 5120 & 2nd Sup at 5030 -4940  and find 1st Res at 5300 - 5390 & 2nd Res at 5440 - 5480.


NIFTY ::  OP  =  5527.50  ,  HI  =  5551.90  ,  LO  =  5116.45  ,  CL  =  5211.25.

Weekly review

JAY SWAMINARAYAN

At 1-7-11 Nifty closed at 5627 and we said in our each & every weekly review from 4-7-11 "  only above 5660 Nifty will be generate strength and above 5750 momentum too, but it's look like difficult at this time. Now below 5660 Nifty will be loss it's strength and below 5570 momentum too.  "
We have record of our weekly review from May 2010.( You can read all previous review on blog archive )  we always give 2 support levels and 2 resistance levels in our all weekly review but from July 2011 we gave only 1 resistance level 5660 - 5750.and we said  in our every weekly review  "  only above 5660 Nifty will be generate strength and above 5750 momentum too, but it's look like difficult at this time. "  During  July Nifty was mostly traded near 5660 but only 2 time succeed  to closed above 5660 . 1st on 7-7-11 and 2nd on 25-7-11.
 We said on 19-6-11 "  . NOW WE HAVE TWO PROBABILITY AND EACH HAVE EQUAL CHANCE.AND AFTER COMPLETION THIS EQUATION WE WILL SEE SOME MORE DOWN SIDE.. [1] NIFTY WILL BE TAKE SUP NEAR 5350-5300 AND THEN TURN UP TO TOUCH 5510 BUT NOT OVER 5620. [2] NIFTY WILL FALL SHARP TOWARDS 5210 AND THEN TURN UP TOWARDS 5300 - 5350.  "     Nifty  completed our both equation in 10 days..Nifty first completed our 2nd equation than  Nifty completed our 1st equation.  Any how.Nifty managed to crossed 5620 but not sustained above it. and entered in sideways.  Nifty gone upward  one or two day's than in next one or two day's it gone downward almost all day during  July.

We expect now 5300 will be working as a strong support and 5660 working as a strong resistance for the Nifty. In this week Nifty might be traded range bound between 5390 - 5570. Nifty find 1st sup. at 5480 - 5390 & 2nd at 5300 - 5210 and find 1st res. at 5570 - 5660 & 2nd at 5710 - 5750.


NIFTY : OP = 5633.80 , HI = 5702.25 , LO - 5453.95 , CL = 5482.