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 tries to test 5660 – 5750.   “    We suggested    Strategy:   [1] Open your short below 5570 with sl 5660 for tgt 5480 – 5390.   [2] Open your long above 5570 with sl 5480 for tgt 5660 – 5750.

Nifty traded expected after opened flat. Nifty faced resistance near 5630 and it turned back towards our shorting level and achieved our both down side targets. Nifty lost 135 points ( - 2.43 % ) and closed in red.

                                      For This Week

We expect Nifty will be traded with negative bias below 5390 and it would be decline towards 5300 – 5210. Other hand above 5390 Nifty will be traded with positive bias and tries to test 5480 – 5570.  Nifty should find 1^st Sup. at 5390 – 5350 & 2^nd Sup. at 5300 – 5260 and Nifty should find 1^st Res. at 5480 – 5510 & 2^nd Res. at 5570 – 5600.

Those who creates short on Nifty will hold their short positions with stop loss 5570. ( If Nifty succeed to give two close above 5570 than book your loss otherwise hold positions for down side targets. )

Strategy :

[1] Open your short below 5390 with sl 5480 for tgt 5300 – 5210.

[2] Open your long above 5480 with sl 5390 for tgt 5570 – 5650.

NIFTY :: OP = 5561.90 , HI = 5629.95 , LO = 5405.90 , CL = 5429.30.   

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5390 and it would be tries to touch 5300 – 5210. Other hand above 5390 Nifty will be traded with positive bias and it would be tries to touch 5440 - 5480.   “   We suggested    Strategy:   [1] Open your short below 5390 with sl 5480 for tgt 5300 – 5210.   [2] Open your long above 5390 with sl 5300 for tgt 5480 – 5570.

  

 Nifty traded expected after opened flat and achieved our both upside targets. Nifty succeed to close above 5390 in first half than in 2^nd half it gave smart up move and registered high at 5606.  Thus Nifty gained 182 points ( + 3.39 % ) 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 tries to test 5660 – 5750.  Nifty should find 1^st Sup. at 5530 – 5480 & 2^nd Sup. at 5440 – 5390 and Nifty should find 1^st Res. At 5570 – 5600 & 2^nd Res. At 5660 – 5690.

Those who creates short on Nifty will hold their short positions with stop loss 5570. ( If Nifty succeed to give two close above 5570 than book your loss otherwise hold positions for down side targets. )

Be cautious and trade carefully because of the F & O expiry in this week and truncated week with holidays on Monday. Hence we expect volatility to re-main in the market.

Strategy :

[1] Open your short below 5570 with sl 5660 for tgt 5480 – 5390.

[2] Open your long above 5570 with sl 5480 for tgt 5660 – 5750.

NIFTY :: OP = 5382.10 , HI = 5606.70 , LO = 5351.40 , CL = 5564.30.   

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Above 5300 Nifty will be traded with positive bias and it would be tries to touch 5390 - 5480. Nifty find strong resistance between 5390 – 5480 so use this opportunity for open Short if Nifty comes near this levels with Sl 5570.   “   We suggested    Strategy:   [1] Open your short below 5300 with sl 5390 for tgt 5210 – 5120.   [2] Open your long above 5300 with sl 5210 for tgt 5390 – 5480.   

Nifty traded expected after opened with gape up and achieved our 1^st upside target. Nifty crossed 5400 after Aug-11 but not succeed to closed above it. Nifty gained 55 points ( + 1.05 % ) and closed in green.

                                      For This Week

We expect Nifty will be traded with negative bias below 5390 and it would be tries to touch 5300 – 5210. Other hand above 5390 Nifty will be traded with positive bias and it would be tries to touch 5440 - 5480. Nifty should find 1^st Sup. At 5330 – 5300 & 2^nd Sup. at 5260 – 5210 and Nifty should find 1^st Ress. At 5440 – 5480 & 2^nd Res. At 5530 – 5570.

We still continue with our statement that Nifty would find strong resistance between 5390 – 5480 so use this opportunity for open Short if Nifty comes between this levels with Sl 5570.

Strategy :

[1] Open your short below 5390 with sl 5480 for tgt 5300 – 5210.

[2] Open your long above 5390 with sl 5300 for tgt 5480 – 5570.   

NIFTY :: OP = 5379.45 , HI = 5427.75 , LO = 5322.95 , CL = 5381.60.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   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.   “   We suggested    Strategy:   [1]   Open short below 5210 with stop loss 5300 for target 5120 – 5030.     [2]   Open long above 5210 with stop loss 5120 for target 5300 – 5390.

Nifty traded expected after opened negative on Monday and almost achieved our both down side targets. Nifty took support at 5076 (between 5120 – 5030 as per our prediction) than it turned up towards our buying level and achieved our 1^st upside target. Nifty gained massive 121 points ( + 2.33 % ) and closed in green.

                                       For This week

We expect Nifty will be traded with negative bias below 5300 and it would be tries to test 5210 – 5120. Other hand above 5300 Nifty will be traded with positive bias and it would be tries to touch 5390 - 5480. Nifty find strong resistance between 5390 – 5480 so use this opportunity for open Short if Nifty comes near this levels with Sl 5570. Nifty find 1^st Sup. At 5300 – 5260 & 2^nd Sup. at 5210 – 5170 and Nifty should find 1^st Ress. At 5330 – 5390 & 2^nd Res. At 5420 – 5480.

Strategy :

[1] Open your short below 5300 with sl 5390 for tgt 5210 – 5120.

[2] Open your long above 5300 with sl 5210 for tgt 5390 – 5480.   

NIFTY :: OP = 5163.55 , HI = 5334.85 , LO = 5076.70 , CL = 5325.85