Weekly Review

JAY SWAMINARAYAN

We said   “    Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020..   “   We suggested Strategy:   [1]  Open short below 5840 with stop loss 5930 for targets 5800 – 5750 – 5710 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened positive and traded expected. In first half Nifty registered low of 5844.70 than turned up above 5900 and achieved our 1^st upside target. Nifty registered high of 5930.80 in second half. Nifty gained 60 points ( + 1 . 02 % ) and closed in green.

                                   For This Week

We expect now, Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.  Nifty have 1^st Sup. at 5870 – 5840 & 2^nd Sup. at 5780 – 5750 and Nifty find 1^st Res. at 5980 – 6020 & 2^nd Res. At 6070 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750. 

          

                

[2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

NIFTY :: OP = 5869.00 . HI = 5930.80 , LO = 5844.70 , CL = 5908.35.

Weekly Review

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.   “   We suggested Strategy:   [1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690.   [2]  Open long above 5870 with stop loss 5780 for targets  5930 – 5980 – 6020 – 6070.

Nifty opened negative and traded expected. In first half Nifty traded weak and registered low of 5823.15 after that Nifty recovered smartly on account of credit policy review by RBI on Tuesday. Nifty registered high of 5939.40 but failed to sustain above 5930 so turned back and declined sharp towards 5840 in second half. Nifty lost 31 points ( - 0 . 54 % ) and closed in red.

                                  For This Week

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5800 – 5750 & 2^nd Sup. at 5710 – 5660 and Nifty find 1^st Res. at 5890 – 5930 & 2^nd Res. At 5980 – 6020.

This is the small & truncated week with holiday on Tuesday and also the F & O expiry in this week, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 5840 with stop loss 5930 for targets 5800 – 5750 – 5710 - 5660. 

          

                

[2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

NIFTY :: OP = 5860.50 , HI = 5939.40 , LO = 5823.15 , CL = 5847.70.

Weekly Review

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.   “   We suggested Strategy:   [1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

Nifty opened positive and traded expected. In first half Nifty registered high of 5965.15 than turned back towards our shorting level and achieved our 1^st down side target. Nifty declined sharp and register low of 5839.15 in second half. Nifty lost 27 points ( - 0 . 47 % ) and closed in red.

                                  For This Week

We expect now, Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5840 – 5780 & 2^nd Sup. at 5750 – 5690 and Nifty find 1^st Res. at 5930 – 5980 & 2^nd Res. At 6020 – 6070.

We expect volatility to remain in the market on account of the RBI monetary policy review on Tuesday. So be cautious and trade carefully.  

Strategy:

[1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690. 

          

                

[2]  Open long above 5870 with stop loss 5780 for targets  5930 – 5980 – 6020 – 6070.

NIFTY :: OP = 5916.05 , HI = 5965.15 , LO = 5839.15 , CL = 5879.60.

WEEKLY REVIEW

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.   “   We suggested Strategy:   [1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690.   [2]  Open long above 5870 with stop loss 5780 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened positive and traded expected. In first half Nifty traded in narrow range and registered low of 5838.90 than Nifty turned up and gave smart recovery. Nifty achieved our 1^st upside target and registered high of 5949.85 in second half. Nifty gained 27 points ( + 0 . 47 % ) and closed in green.

                                     For This Week

We expect Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.  Nifty have 1^st Sup. at 5870 – 5840 & 2^nd Sup. at 5780 – 5750 and Nifty find 1^st Res. at 5980 – 6020 & 2^nd Res. At 6070 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750. 

          

                

[2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

NIFTY :: OP = 5878.25 , HI = 5949.85 , LO = 5838.90 , CL = 5807.40.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.   “   We suggested Strategy:   [1]  Open short below 5620 with stop loss 5710 for targets 5600 – 5570 – 5510 - 5480.   [2]  Open long above 5620 with stop loss 5510 for targets  5660 – 5710 – 5750 – 5800.

Nifty opened positive and traded expected. In first half Nifty registered low of 5623.45 than turned up and gave smart rally towards 5900 and achieved our both upside targets. Nifty registered high of 5885.25 in second half. Nifty gained massive 253 points ( + 4 . 50 % ) and closed in green.

                                     For This Week

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5840 – 5780 & 2^nd Sup. at 5750 – 5690 and Nifty find 1^st Res. at 5930 – 5980 & 2^nd Res. At 6020 – 6070.

Strategy:

[1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690. 

           

               

[2]  Open long above 5870 with stop loss 5780 for targets  5890 – 5930 – 5980 – 6020.

NIFTY :: OP = 5648.65 , HI = 5885.25 , LO = 5623.45 , CL = 5879.85.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.   “   We suggested Strategy:   [1]  Open short below 5570 with stop loss 5660 for targets 5510 – 5480 – 5420 - 5390.   [2]  Open long above 5570 with stop loss 5480 for targets  5620 – 5660 – 5710 – 5750.

Nifty opened flat and traded expected. In first half Nifty traded negatively and registered low of 5548.35. Nifty turned up in second half towards 5650 and almost achieved our 1^st upside target and registered high of 5643.35. Nifty gained 52 points ( + 0.94 % ) and closed in green.

                                    For This Week

We expect Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.  Nifty have 1^st Sup. at 5600 – 5570 & 2^nd Sup. at 5510 – 5480 and Nifty find 1^st Res. at 5660 – 5710 & 2^nd Res. At 5750 – 5800.

This is the small & truncated week with holiday on Wednesday and also the F & O expiry in this week, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 5620 with stop loss 5710 for targets 5600 – 5570 – 5510 - 5480. 

          

                

[2]  Open long above 5620 with stop loss 5510 for targets  5660 – 5710 – 5750 – 5800.

NIFTY :: OP = 5577.30 , HI = 5643.35 , LO = 5648.35 , CL = 5626.60.

  

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.   “   We suggested Strategy:   “   [1]  Open short below 5690 with stop loss 5800 for targets 5660 – 5600 – 5570 - 5510.   [2]  Open long above 5690 with stop loss 5600 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. Nifty traded weak and closed in red each and every day of the week including Muhurat Trading session. In first half Nifty registered high of 5718.90 than turned back and declined sharp towards 5570 and achieved our 1^st down side target. Nifty registered low of 5559.80 in second half. Nifty lost 112 points ( - 1.97 % ) and closed in red.

                                     For This Week

We expect now, Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.  Nifty have 1^st Sup. at 5510 – 5480 & 2^nd Sup. at 5420 – 5390 and Nifty find 1^st Res. at 5620 – 5660 & 2^nd Res. At 5710 – 5750.

Strategy:

[1]  Open short below 5570 with stop loss 5660 for targets 5510 – 5480 – 5420 - 5390. 

          

                

[2]  Open long above 5570 with stop loss 5480 for targets  5620 – 5660 – 5710 – 5750.

NIFTY :: OP = 5688.45 , HI = 5718.90 , LO = 5559.80 , CL = 5574.05.

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.

        

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We said   “    Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   “    [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty traded positively and registered high of 5777.30 and achieved our 1^st upside target. After that Nifty turned back below 5700 and registered weekly low at 5677.75 in second half. Nifty lost 11 points ( - 0.20 % ) and closed in red.

                              For This Week

We expect now, Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.  Nifty have 1^st Sup. at 5660 – 5600 & 2^nd Sup. at 5570 – 5510 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

This is the small & truncated week with Muhurat trading on Tuesday at 3:30 pm to 5: 00 pm & holiday on Wednesday so be cautious and trade carefully. Hence we expect volatility to remains in the market.

Strategy:

[1]  Open short below 5690 with stop loss 5800 for targets 5660 – 5600 – 5570 - 5510. 

            

              

[2]  Open long above 5690 with stop loss 5600 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5693.05 , HI = 5777.30 , LO = 5677.75 , CL = 5686.25

WEEKLY REVIEW

JAY SWAMINARAYAN

 

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We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty registered low of 5583.05 and achieved our 1^st down side target, Than Nifty tried to recover and succeed to do so. Nifty turned up above 5700 and registered high of 5711.30 in second half. Nifty gained 33 points ( + 0.59 % ) and closed in green.

Ø  We said in our 28-10-2012 weekly review when nifty closed at 5664.30   “   We expect after 2-3 days Nifty will be starting to decline sharp towards 5570-5480.   “   In last week Nifty declined below 5600 after five weeks and registered low of 5583.05.

                            For This Week

We expect same, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5665.20 , HI = 5711.30 , LO = 5683.05 , CL = 5697.70.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened negative and traded expected. In first half Nifty registered high of 5721.55 near our 1^st upside target than turned back and declined below 5660 on Friday. Nifty registered low of 5641.75 in second half. Nifty lost 19 points ( - 0.35 % ) and closed in red.

                            For This Week

We expect same for this week also, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

We expect after 2-3 days Nifty will be starting to decline sharp towards 5570-5480.

Be cautious and trade carefully because of the RBI Monetary policy review on Tuesday. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5667.60 , HI = 5721.55 , LO = 5641.75 , CL = 5664.30.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “  We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty traded weak and registered low of 5633.90. After that Nifty turned up above 5700 and registered high of 5722.50 near our 1^st upside target in second half. Nifty gained 08 points ( + 0.14 % ) and closed in green.

                             For This Week

We expect same, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

This is the small & truncated week with holiday on Wednesday and also the F & O expiry in this week so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

                          

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5674.25 , HI = 5722.50 , LO = 5633.90 , CL = 5684.25.               

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.   “   We suggested Strategy:   [1]  Open short below 5750 with stop loss 5840 for targets 5710 – 5660 – 5620 - 5570.   [2]  Open long above 5750 with stop loss 5660 for targets  5800 – 5840 – 5890 – 5930.

Nifty opened flat and traded expected. In first half Nifty traded negatively and achieved our 1^st down side target. In second half Nifty registered low of 5637 than tried to recover losses but again it declined on Friday. Nifty lost 70 points ( - 1.23 % ) and closed in red.

                              For This Week

We expect now, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

  Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5751.85 , HI = 5751.85 , LO = 5636.95 , CL = 5676.05.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty registered low of 5694 than turned up towards 5800 and achieved our 1^st upside target. Nifty registered high of 5815 in second half. Nifty gained 43 points ( + 0.77 % ) and closed in green.

                            For This Week

We expect now, Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.  Nifty have 1^st Sup. at 5710 – 5660 & 2^nd Sup. at 5620 – 5570 and Nifty find 1^st Res. at 5800 – 5840 & 2^nd Res. At 5890 – 5930.

Strategy:

[1]  Open short below 5750 with stop loss 5840 for targets 5710 – 5660 – 5620 - 5570. 

[2]  Open long above 5750 with stop loss 5660 for targets  5800 – 5840 – 5890 – 5930.

NIFTY :: OP = 5704.75 , HI = 5815.35 , LO = 5694 = CL = 5746.95.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to touch 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5720 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty traded in narrow range of 70 points and registered low of 5639. In second half Nifty turned up towards 5750 and registered high of 5735 and almost achieved our 1^st upside target. Nifty gained 12 points ( + 0.21 % ) and closed in green.

                                 For This Week

We expect Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5660 – 5620 & 2^nd Sup. at 5570 – 5530 and Nifty find 1^st Res. at 5750 – 5800 & 2^nd Res. At 5840 – 5890.

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5691.95 , HI = 5735.15 , LO = 5638.68 , CL = 5703.30.