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 1st Sup. at 5300
– 5210 & 2nd Sup. at 5120 – 5030 and Nifty should find 1st
Res. At 5390 – 5480 & 2nd 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
No comments:
Post a Comment