JAY SWAMINARAYAN
We said “ 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. “ 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 weak. In 1st
half Nifty achieved our both down side targets and took support at 5170 than it
turned up and tried to recover loss and succeed to do so. Nifty lost 25 points ( - 0.48 % ) and closed in red.
Once Again We Succeed
Ø
We said on 05-02-2012 when nifty closed at 5325
“ Nifty find strong resistance between 5390 –
5480 so use this opportunity for
open Short if Nifty comes near this levels with Sl 5570. “
Ø
We said on 20-02-2012 when nifty closed at 5564
“ 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.
) “
Result ::
Nifty registered low of 5171 on 07-03-2012 and achieved our both down
side targets. Our strategy earned more than 200 points profit.
For This week
We expect Nifty will be traded with negative bias below
5300 and it would be decline towards 5210 – 5120. Other hand above 5300
Nifty will be traded with positive bias and tries to test 5390 – 5480. Nifty should find 1st Sup. at 5300
– 5260 & 2nd Sup. at 5210 – 5170 and Nifty should find 1st
Res. at 5390 – 5420 & 2nd Res. at 5480 – 5510.
We expect high volatility in this week on account
of the RBI cuts 0.75 basis points in CRR and upcoming big event like union
budget.
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 =
5342.55 , HI = 5382.05 , LO = 5171.15 , CL = 5333.55.
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