WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4940 and it would be decline towards 4850 – 4760.   “   We  suggested    Strategy:   Open short below 4940 with stop loss 5030 for target 4850 – 4760.  [ We give 60 % to this Probability ]

Nifty traded expected after opened weak and achieved our both down side target. Nifty declined very sharp below 4760 and finally it took support at 4640. Nifty lost 195 points ( - 3.99 % ) and closed in red.  

                                 For This Week

We expect now last week low 4640 would be act as a support in this week.If Nifty sustains below this level than it should loss another 100 – 150 points. Other hand last week high 4780 would be act as a resistance in this week and if Nifty succeeds to sustain above this level than it may move up for another 100 – 150 points. .  Nifty should find 1^st Sup. at 4670 – 4630 & 2^nd Sup. at 4580 – 4540 and Nifty should find 1^st Res. At 4760 – 4790 & 2^nd Res. At 4850 – 4880.

Strategy:

[1]  Open short below 4700 with stop loss 4790 for target 4670 – 4580.  [ We give 60 % to this Probability ]

[2]  Open long above 4700 with stop loss 4630 for target 4760 – 4850.   [ We give 40 % to this Probability ]

NIFTY :: OP = 4873.80 , HI = 4873.80 , LO = 4639.10 , CL = 4710.05

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5210 and it would be declined towards 5120 – 5030.   “   We  suggested    Strategy:   Open short below 5210 with stop loss 5300 for target 5120 – 5030.  [ We give 60 % to this Probability ]

Nifty traded expected below 5210 and achieved our both down side target. Nifty declined very sharp below 5030 and finally it took support at 4840 at last day and any how succeeds to close above 4900. Nifty lost 263 points ( - 5.09 % ) and closed in red.  

                                       For This Week

We expect Nifty will be traded with negative bias below 4940 and it would be decline towards 4850 – 4760. Other hand above 4940 Nifty will be traded with positive bias and tries to test 5030 – 5120.  Nifty should find 1^st Sup. at 4850 – 4810 & 2^nd Sup. at 4760 – 4720 and Nifty should find 1^st Res. At 4940 – 4970 & 2^nd Res. At 5030 – 5060.

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 4940 with stop loss 5030 for target 4850 – 4760.  [ We give 60 % to this Probability ]

[2]  Open long above 4940 with stop loss 4850 for target 5030 – 5120.   [ We give 40 % to this Probability ]

NIFTY :: OP = 5217.35 , HI = 5228.90 , LO = 4837.95 , CL = 4905.80

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5300 and it would be declined towards 5210 – 5120.   “   We  suggested    Strategy:    Open short below 5300 with stop loss 5390 for target 5210 – 5120.    

Nifty traded expected below 5300 and achieved almost our both down side target. Nifty took support at 5140. Nifty lost 115 points ( - 2.18 % ) and closed in red.  

                                       For This Week

We expect Nifty will be traded with negative bias below 5210 and it would be declined towards 5120 – 5030. Other hand above 5210 Nifty will be traded with positive bias and tries to test 5300 – 5390.  Nifty should find 1^st Sup. at 5170 – 5120 & 2^nd Sup. at 5080 – 5030 and Nifty should find 1^st Res. At 5210 – 5240 & 2^nd Res. At 5300 – 5330.

Strategy:

[1]  Open short below 5210 with stop loss 5300 for target 5120 – 5030.  [ We give 60 % to this Probability ]

[2]  Open long above 5210 with stop loss 5120 for target 5300 – 5390.   [ We give 40 % to this Probability ]

NIFTY :: OP = 5292.25 , HI = 5317.50 , LO = 5142.25 , LO = 5168.85               

WEEKLY REVIEW

JAY SWAMINARAYAN

 

We said   “   Nifty would face selling pressure near 5400 and it would be declined towards 5210 in this week or next week. Other hand Nifty would be traded with negative bias below 5300 and it should find strong support between 5210 – 5120.   “    We  suggested    Strategy:      Open short below 5350 with stop loss 5420 for target 5300 – 5210.  [We give 60 % to this Probability]

Nifty traded expected below 5350 and achieved our both down side target. Nifty took support at 5200 and tried to bounce back but it failed to sustain above 5300. Nifty lost 76 points ( - 1.43 % ) and closed in red.  

                                          For This Week

We expect Nifty will be traded with negative bias below 5300 and it would be declined towards 5210 – 5120. Other hand above 5300 Nifty will be traded with positive bias and tries to test 5390 – 5480.  Nifty should find 1^st Sup. at 5260 – 5210 & 2^nd Sup. at 5170 – 5120 and Nifty should find 1^st Res. At 5300 – 5330 & 2^nd Res. At 5390 – 5420.

Be cautious and trade carefully because of the current Global precarious situation and truncated week with holidays on Monday & Thursday. 

Strategy:

[1]  Open short below 5300 with stop loss 5390 for target 5210 – 5120. 

[2]  Open long above 5300 with stop loss 5210 for target 5390 – 5480.  

NIFTY :: OP = 5358.90 , HI = 5360.25 , LO = 5201.85 , CL = 5284.20