WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and it would be tries to test 5120 – 5210.   “   We suggested    Strategy:    [1]  Open short below 5030 with stop loss 5120 for target 4940 – 4850.   [2]  Open long above 5030 with stop loss 4940 for target 5120 – 5210.

Nifty traded expected after opened flat and achieved our both upside targets. Nifty gave smart up move due to cut of CRR Rates on Tuesday and increased gain end of the week. Nifty gained massive 156 points ( + 3.09 % ) and closed in green.   

                                       For This week

We expect Nifty will be traded with negative bias below 5210 and it would be tries to test 5120 – 5030, but it would find strong support between this levels. Other hand above 5210 Nifty will be traded with positive bias and it would be tries to touch 5300 - 5390.  Nifty find 1^st Sup. At 5170 – 5120 & 2^nd Sup. at 5080 – 5030 and Nifty should find 1^st Res. At  5260 – 5300 & 2^nd Res. At 5350 – 5390.

Be cautious and trade carefully because of the European leaders are meeting for Greece Debt Crisis in this week. Hence we expect volatility to remain in the market.

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 = 5025.35 , HI = 5217 , LO = 5021.35 , CL = 5204.70

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   now between 4760 – 4670 Nifty should find strong support and traded positive as well as it hold this levels. Other hand between 4940 – 5030 Nifty find strong resistance.   “    We suggested    Strategy:    [1] Open short below 4850 with stop loss 4940 for target 4760 – 4670.   [2]  Open long above 4850 with stop loss 4760 for target 4940 – 5030.

Nifty traded expected after opened positive and achieved our both upside targets. Nifty gave smart up move with strength & momentum above 4850 what we said from last 2 weeks. Nifty gained massive 182 points ( + 3.75 % ) and closed in green.   

                                      For This Week 

  

We expect Nifty will be traded with negative bias below 5030 and it would be decline towards 4940 – 4850. Other hand above 5030 Nifty will be traded with positive bias and it would be tries to test 5120 – 5210.  Nifty should find 1^st Sup. at 4990 – 4940 & 2^nd Sup. at 4900 – 4850 and Nifty should find 1^st Res. At 5080 – 5120 & 2^nd Res. At 5170 – 5210.

Ø  Plz keep close eye on 5030 level, in any situations if Nifty fails to sustain above 5030 than it will be decline towards 4940 – 4850. If Nifty succeeds to take support between this levels and move above and sustain above 4850 than it is good for market, in these situations open your long as well as Nifty holds 4850. Other hand if Nifty fails to hold 4850 than it would be tries to test 4760 – 4670 & even lower levels are possible in these situations.

Be cautious and trade carefully because of the reserve bank meeting for credit policy and F&O expiry in this week. Hence we expect volatility to re-main in the market.

Strategy:

[1]  Open short below 5030 with stop loss 5120 for target 4940 – 4850.  [ We give 60 % to this Probability ]

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

Nifty :: OP = 4844 , HI = 5064.15 , LO = 4827.05 , CL = 5048.60.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Between 4760 – 4850 Nifty should finds strong resistance and to clear this levels Nifty  should needed more strength and momentum Other hand below 4670 Nifty will be losing Its strength and once again it would be decline towards 4580 – 4490.   “    We suggested    Strategy:    [1] Open short below 4760 with stop loss 4850 for target 4670 – 4580.   [2]  Open long above 4760 with stop loss 4670 for target 4850 – 4940.

ü  Nifty traded expected and achieved our 1^st down side target on Monday but succeed to held this level than it turned up with strength on Tuesday and achieved our 1^st upside targets and succeed to closed above it on last day of the week. Thus Nifty gained 119 points ( + 2.51 % ) and closed in green.

  

                                         For This Week

We expect now between 4760 – 4670 Nifty should find strong support and traded positive as well as it hold this levels. Other hand between 4940 – 5030 Nifty find strong resistance. Nifty should find 1^st Sup. at 4810 – 4760 & 2^nd Sup. at 4720 – 4670 and Nifty should find 1^st Res. At 4900 – 4940 & 2^nd Res. At 4990 – 5030.

 Strategy:

[1] Open short below 4850 with stop loss 4940 for target 4760 – 4670.

[2]  Open long above 4850 with stop loss 4760 for target 4940 – 5030.

NIFTY :: OP = 4747.55 , HI = 4898.85 , LO = 4695.45 , CL = 4866.  

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 4670 and it would be decline towards 4580 – 4490. Other hand Nifty will be traded with positive bias and it would be tries to test 4760 – 4850.   “   We suggested    Strategy:   [1] Open short below 4670 with stop loss 4760 for target 4580 – 4490.  [2]  Open long above 4670 with stop loss 4580 for target 4760 – 4850.

Nifty traded expected after opened positive. Nifty achieved our 1^st down side target than it turned up and achieved our 1^st upside target but it not succeed to held it. Nifty gained 122 points ( + 2.65 % ) and closed in green.

 

                                      For This Week

We expect between 4760 – 4850 Nifty should finds strong resistance and to clear this levels Nifty  should needed more strength and momentum Other hand below 4670 Nifty will be losing Its strength and once again it would be decline towards 4580 – 4490. Nifty should find 1^st Sup. at 4670 – 4630 & 2^nd Sup. at 4580 – 4540 and Nifty should find 1^st Res. At 4760 – 4810 & 2^nd Res. At 4850 – 4900.

Strategy:

[1] Open short below 4760 with stop loss 4850 for target 4670 – 4580.

[2]  Open long above 4760 with stop loss 4670 for target 4850 – 4940.

NIFTY :: OP = 4640.20 , HI = 4794.90 , LO = 4588.05 , CL = 4746.90. 

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Between 4760 – 4850 Nifty should finds strong resistance and to clear this levels Nifty  should needed more strength and momentum Other hand below 4670 Nifty will be losing Its strength and once again it would be decline towards 4580 – 4490.   “   We suggested    Strategy:  [1] Open short below 4670 with stop loss 4760 for target 4580 – 4490   [2]  Open long above 4760 with stop loss 4670 for target 4850 – 4940.

 Nifty traded expected after opened positive and in first half Nifty was succeed to touch 4800 but it failed to sustain above it and declined very sharp towards 4610 in 2^nd half. Nifty lost 89 points ( - 1.90 % ) and closed in red.

                                     For This Week

 We expect Nifty will be traded with negative bias below 4670 and it would be decline towards 4580 – 4490. Other hand Nifty will be traded with positive bias and it would be tries to test 4760 – 4850.  Nifty should find 1^st Sup. at 4580 – 4540 & 2^nd Sup. at 4490 – 4450 and Nifty should find 1^st Res. At 4670 – 4720 & 2^nd Res. At 4760 – 4810.    

Strategy:

[1] Open short below 4670 with stop loss 4760 for target 4580 – 4490.

[2]  Open long above 4670 with stop loss 4580 for target 4760 – 4850.  

Ø     If Nifty comes near 4400 in 1-2 weeks than 0pen your long with 2 closing baize stop loss 4310.

NIFTY :: OP = 4718.15 , HI = 4800.50 , LO = 4608.90 , CL = 4624.30.