WEEKLY REVIEW...ONCE AGAIN WE SUCCEED

JAY SWAMINARAYAN

We said last week  “  We expect same for this week also, 5030 is very crucial level for the Nifty. Below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and once again Nifty tries to test 5120 – 5210.     We suggested     Strategy:    [1] Open your short below 5030 with stop loss of 5120 for tgt 4940 -4850.       [2] Open your long above 5030 with stop loss of 4940 for tgt 5120 – 5210.  “

Nifty traded expected, first it achieved our upside target above 5030 and registered high at 5168 then it turned back towards our shorting level 5030 and achieved our all downside targets and registered low at 4830. Nifty lost 216 points ( - 4.26 % ) and closed in red.

Ø  We said on 22-09-11 daily review when Nifty closed at 5133  “  If Nifty not succeeds to move above 5170 then it will be in trouble.  “

     

In last 2 days Nifty lost massive 266 points ( - 5 % ) and closed at 4867.75.                                                     

                                                     

                                                             

                               For This Week           

                                                                       

We expect between 4760 -4850 Nifty have support and it should be bounce back towards 4940 – 5000 from this level but not above 5030 - 5080.  Other hand once Nifty sustain below 4760 then we will see new low and 4670 – 4580 will be working as a strong support. In this week Nifty find 1^st Sup at 4850 – 4760 & 2^nd  Sup at 4670 – 4580 and 1^st  Res at 4940 – 5000 & 2^nd Res at 5030 – 5080. This is F&O expiry week so volatility is expected. Be cautious and trade carefully.

Strategy :

[1] Open your long above 4850 with sl 4760 for tgt 4940 – 4990.

[2] Open your short below 4850 with sl 4940 for tgt 4760 – 4670. if nifty come near 5000 in this week or next week then open short with strict stop loss 5120 for tgt 4940 – 4850.

NIFTY :: OP = 5068.40 , HI = 5168.40 , LO = 4829.60 , CL = 4867.75

WEEKLY REVIEW

JAY SWAMINARAYAN

We said  last week  “  Now 5030 is very crucial level for the Nifty. In this week below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850.. Other hand above 5030 Nifty will be traded with positive bias.  Above 5030 once again Nifty tries to test 5120 – 5210. . We suggested     Strategy:    [1] Open your short below 5030 with stop loss of 5120 for tgt 4940 -4850.      [We give 60 % to this Probability]          [2] Open your long above 5030 with stop loss of 4940 for tgt 5120 – 5210.   [We give 40 % to this Probability].  “    

Nifty traded expected after gaped down opening. First Nifty achieved our downside target below 5030 then it Turned back towards our buying level 5030 and achieved our upside target. 

We saw how Nifty gave respect to 5030 in last 3 weeks. In first half of last week Nifty faced resistance at 5030 and declined to register low of 4911 but once it succeed to sustain above 5030 in 2^nd half it registered high of 5143. 

                                               For This Week

We expect same for this week also, 5030 is very crucial level for the Nifty. Below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and once again Nifty tries to test 5120 – 5210. In this week Nifty find 1^st Sup at 5030 – 4940 & 2^nd  Sup at 4900 – 4850 and 1^st  Res at 5080 – 5120 & 2^nd Res at 5170 – 5210.

Strategy :

  

[1] Open your short below 5030 with stop loss of 5120 for tgt 4940 -4850

[2] Open your long above 5030 with stop loss of 4940 for tgt 5120 – 5210.  

NIFTY :: OP = 4981.70 , HI = 5143.60 , LO = 4911.05 , CL = 5084.25

WEEKLY REVIEW

JAY SWAMINARAYAN

 

We said last week  “  We expect in this week Nifty have a strong resistance at 5120. Below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850. We suggested     Strategy:    [1] Open your short near 5030 in this week with strict stop loss 5120 for tgt 4940 – 4850.  [ 60 % Probability ]               [2] Open your long if Nifty sustains above 5120 for 2 days with strict sl 5030 for tgt 5210 – 5260.  [ 40 % Probability ]  “

Nifty traded expected and achieved our 1^st down side tgt after opened weak. Nifty was taken support at 4940 then it turned back towards 5170. But Nifty was not able to crossed 5170 and not succeed to held gain and declined towards 5060. Nifty wiped out all its weekly gain at the last trading day of the week.

                                                                 For This Week

We expect now 5030 is very crucial level for the Nifty. In this week below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850.. Other hand above 5030 Nifty will be traded with positive bias.  Above 5030 once again Nifty tries to test 5120 – 5210. In this week Nifty find 1^st up at 5030 – 4940 & 2^nd  at 4900 – 4850 and 1^st  Res at 5080 – 5120 & 2^nd at 5170 – 5210.

Strategy :

[1] Open your short below 5030 with stop loss of 5120 for tgt 4940 -4850.      [We give 60 % to this Probability]

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

NIFTY :: OP = 4998.90 , HI = 5169.25 , LO = 4942.90 , CL = 5059.45.

ONCE AGAIN WE SUCCEED

JAY SWAMINARAYAN

We said last week  “  Nifty should be close in green this week.  and we suggested 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 traded expected. Nifty Opened with gape up and remained strong during entire week and closed in green at 5001 as per our expected monthly close between 5000 – 5100 with 292 points gained.

Ø  Remember from last 3 weeks we said “Nifty will be giving monthly close between 5000 – 5100 this statement is not about month expiry. We continue with this statement. “

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                                                     Our 3 Statements

Ø  [1]  We said on 14-8-11 Weekly Review when Nifty closed at 5072  “  Nifty Will Be Give Monthly Close Between 5000 – 5100. 

Ø  [2]  We said on 21-8-11 Weekly Review when Nifty closed at 4845  “  Nifty Will Be Give Monthly Close Between 5000 – 5100. This Statement Is Not About Month Expiry.  We continue with this statement  “  . 

Ø  [3]  We said on 28-8-11 Weekly Review when Nifty closed at 4747  “  “Nifty will be give monthly close between 5000 – 5100 “this statement is not about month expiry. we continue with this statement  “

Remember that time more than 15 days remained for the monthly closing, world market & domestic market clue was totally negative.  Nifty was fallen straight away from 5700 level and there are always be chance to falling more or bounce back from this level.

At 28-8-11 Nifty closed at 4747 and only 2 days remained for the Monthly closing. In such scenario we continue with our statement and you saw in 2 days nifty gained more than 250 points and give monthly close exactly at 5001 between our expectations 5000 – 5100

                                           For This Week

We expect in this week Nifty have a strong resistance at 5120. Below 5030 Nifty will be traded with negative bias and heading towards 4940 – 4850. But once Nifty sustain above 5120 and get success to close above it than  5210 - 5260 is next target for it. This  week Nifty should  find 1^st Sup between 5030 – 4940 & 2^nd   Sup between 4900 – 4850 and find 1^st Res between 5080 – 5120 & 2^nd Res between 5210 – 5260.

Strategy:

[1] Open your short near 5030 in this week with strict stop loss 5120 for tgt 4940 – 4850.

      [ 60 % Probability ]                 

[2] Open your long if Nifty sustains above 5120 for 2 days with strict sl 5030 for tgt 5210 – 5260.  [ 40 % Probability ]

NIFTY :: OP = 4806.20 , HI = 5113.70 , LO = 4806.05 , CL = 5040.