WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “    Above 5030 Nifty will be traded with positive bias and tries to test 5120 – 5210.   “       We  suggested    Strategy:       Open long above 5030 with stop loss 4940 for target 5120 – 5210.

Nifty traded expected above 5030 and achieved our both upside target in First half of week. Nifty given break out above 5170 and traded expected at 5210. Due to Greece effect, at last day of the week Nifty opened with bull gape and registered high at 5400. Nifty succeeds to ended week with 310 points ( + 6.15  % ) gained and closed in green.

                                        For This Week

We expect Nifty would face selling pressure near 5400 and it would be declined towards 5210 in this week or next week. Nifty would be traded with positive bias above 5300 and it should find stiff resistance between 5480 – 5570. Other hand Nifty would be traded with negative bias below 5300 and it should find strong support between 5210 – 5120.  Nifty should find 1^st Sup. at 5300 – 5210 & 2^nd Sup. at 5120 – 5030 and Nifty should find 1^st Res. At 5390 – 5480 & 2^nd Res. At 5510 – 5570.

Strategy:

[1]  Open short below 5350 with stop loss 5420 for target 5300 – 5210.  [ We give 60 % to this Probability ]

[2]  Open long above 5350 with stop loss 5240 for target 5390 – 5480.  [ We give 40 % to this Probability ]

 NIFTY :: OP = 5114.70 , HI = 5399.70 , LO = 5084.75 , CL = 5360.70         

WEEKLY REVIEW

JAY SWAMINARAYAN

Dear Reader,                           We as a Devsaty stocks would like to take this opportunity to wish you and your family a very Happy Diwali & prosperous New Year. May GOD fulfill all your wishes in wealth , health and happiness in your life.

We said  “  Nifty will be traded with negative bias below 5120 and tries to touch 5030 – 5000.  Above 5120 Nifty will be traded with positive bias and tries to test 5170 – 5210. If Nifty not succeeds to move above 5170 in any scenario then it might   be in trouble and it tries to touch 5030 – 4940.  “     We suggested    Strategy:      [1]  Open short below 5120 with strict stop loss 5210 for target 5030 – 4940.  If Nifty not able to cross 5170 then open short with stop loss 5210 for target 5080-5030.    [2]  Open long above 5120 with stop loss 5030 for target 5210 – 5260. ( Open long only after Nifty gives close above 5120 on Monday )

Remember at last week nifty closed at 5132 and USA & EUROPE markets were up 1% to 3% on Friday and everybody talked about 5200 – 5300 that time we said  If Nifty not succeeds to move above 5170 in any scenario then it might   be in trouble and it tries to touch 5030 – 4940.

Nifty traded expected below 5120 and achieved our down side target.  Nifty took support at 5030 and tried to bounce back but it failed to sustained above 5120  and at last day it fallen  again towards 5030 and ended week with 82 points ( - 1.60 % ) loss and closed in red.

                                        For This Week

We expect Nifty will be traded with negative bias below 5030 and tries to touch 4940 – 4850. In this scenario Nifty have strong support between 4970 - 4940. Other hand above 5030 Nifty will be traded with positive bias and tries to test 5120 – 5210. In this scenario Nifty have strong Resistance between 5120 – 5170.  Nifty find 1^st Sup. at 5030 – 4970 & 2^nd Sup. at 4940 – 4850 and find 1^st Res. At 5080 – 5120 & 2^nd Res. At 5210 – 5260.

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

Strategy  :

[1]  Open short below 5030 with strict stop loss 5120 for target 4940 – 4850. 

               

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

NIFTY :: OP = 5156.20 , HI – 5160.20 , LO = 5011.05 , CL = 5049.95

WEEKLY REVIEW

JAY SWAMINARAYAN

We said  “  Above 4940 Nifty should be tries to test 5030 but between 4940 – 5030 Nifty face strong resistances.  “     We suggested    Strategy:     Open your long above 4940 with sl 4850 for tgt 4990 – 5030.   Open short if Nifty comes near 5030 – 5080 with strict stop loss of 5120 for tgt 4940 – 4850.  [ We give 40 % to this Probability ]

Nifty traded expected above 4940 and achieved our both upside target. Nifty traded exactly as per our expectation during the week but at last day it given surprised up move after opened weak and succeed to close above 5120. Nifty gained massive 244 points ( + 5 % ) and closed week in green.

                                      For This Week   

We expect Nifty will be traded with negative bias below 5120 and tries to touch 5030 – 5000.  Above 5120 Nifty will be traded with positive bias and tries to test 5170 – 5210. If Nifty not succeeds to move above 5170 in any scenario then it might   be in trouble and it tries to touch 5030 – 4940. Other hand if Nifty succeeds to move above and sustain above 5120 then it tries to test 5170 – 5260. Nifty find 1^st Sup. at 5120 – 5080 & 2^nd Sup. at 5030 – 4940 and find 1^st Res. At 5170 – 5210 & 2^nd Res. At 5260 – 5300.

Strategy  :

[1]  Open short below 5120 with strict stop loss 5210 for target 5030 – 4940.  If Nifty not able to cross 5170 then open short with stop loss 5210 for target 5080-5030.

[2]  Open long above 5120 with stop loss 5030 for target 5210 – 5260. ( Open long only after Nifty gives close above 5120 on Monday )

Nifty  ::  OP = 4886.85 , HI = 5141.40 , LO = 4882.05 , CL = 5132.30.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said  “  Now below 4940 Nifty will be traded with negative bias and once again heading towards 4850 – 4760.  We suggested    Strategy:     Open your short below 4940 with sl 5030 for tgt 4850 – 4800. If Nifty sustains below 4800 then continue short with sl 4850 for tgt 4760 -4670.   [ We give 60 % to this Probability ]  “

Nifty traded expected after opened gape down.  Nifty achieved our 3rd down side target and registered low at 4729. Anyhow Nifty was succeeding to turn back at last day of the week due to international market rally. Nifty lost 55 points ( - 1.12 % ) and closed in red.

                                        For This Week           

       

We expect now below 4850 Nifty will be traded with negative bias and once again heading towards 4800 – 4760. .  Open short aggressively if Nifty sustains below 4800. Above 4940 Nifty should be tries to test 5030 but between 4940 – 5030 Nifty face strong resistances. This week Nifty should find 1^st Sup between 4850 – 4800 & 2^nd   Sup between 4760 – 4670 and find 1^st Res between 4940 – 4990 & 2^nd Res between 5030 – 5080.

Strategy :

[1] Open your short below 4850 with sl 4940 for tgt 4800 – 4760. If Nifty sustains below 4800 then continue short with sl 4850 for tgt 4760 -4670..  [ We give 60 % to this Probability ]

[2] Open your long above 4940 with sl 4850 for tgt 4990 – 5030.   Open short if Nifty comes near 5030 – 5080 with strict stop loss of 5120 for tgt 4940 – 4850. [ We give 40 % to this Probability ]

NIFTY :: OP = 4874.40 , HI = 4922.60 , LO = 4728.30 , CL = 4888.05.

                                                                       

ONCE AGAIN WE SUCCEED

JAY SWAMINARAYAN

We said last 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.  .     We suggested    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 comes near 5000 in this week or next week then open short with strict stop loss 5120 for tgt 4940 – 4850. “   

Nifty traded exactly what we expected. First Nifty achieved our down side target  and took support at 4760 then it turned back towards our buying level 4850 and achieved our both upside targets 4940 – 4990. As per our expectation Nifty turned back twice from 5030 – 5000 our shorting levels to achieved our down side target 4940 Nifty ended week at 4943.25 with 75 points ( + 1.55 ) gained and closed in green.

Ø  We said last week when Nifty closed at 4867   

Ø      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. 

Ø      If nifty comes near 5000 in this week or next week then open short with strict stop loss 5120 for tgt 4940 – 4850.

Remember at last Monday Nifty fulfill our 1^st equation and made low at 4758 then it turned back at 5000 – 5030 twice and fulfill our 2^nd equation too.

                                           For This Week           

We expect now below 4940 Nifty will be traded with negative bias and once again heading towards 4850 – 4760. Above 4940 Nifty will be traded with positive bias and it tries to test 5030. Between 5030 – 5080 again Nifty face strong resistances. This week Nifty should find 1^st Sup between 4900 – 4850 & 2^nd   Sup between 4800 – 4760 and find 1^st Res between 4940 – 5030 & 2^nd Res between 5080 – 5120.

Strategy :

[1] Open your short below 4940 with sl 5030 for tgt 4850 – 4800. If Nifty sustains below 4800 then continue short with sl 4850 for tgt 4760 -4670.                                                                                  [ We give 60 % to this Probability ]

[2] Open your long above 4940 with sl 4850 for tgt 4990 – 5030.   Open short if Nifty will come near 5030 – 5080 with strict stop loss of 5120 for tgt 4940 – 4850.                                                           [ We give 40 % to this Probability ]

But once Nifty sustains above 5120 than 5210 - 5260 is next target.

NIFTY :: OP = 4878.60 , HI = 5034.25 , LO = 4758.85 , CL = 4943.25