WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   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 it would be tries to test 5390 – 5480.    We suggested    Strategy:    [1]  Open short below 5300 with stop loss 5390 for targets 5210 – 5120.   [2]  Open long above 5300 with stop loss 5210 for targets 5390 – 5480.

Nifty opened weak and traded expected. On first day Nifty tried to cross 5300 but not succeed to sustain above it and declined sharp below 5200. Nifty achieved our 1^st down side target and registered weekly low of 5155. Nifty lost 81 points ( - 1.55 % ) and closed in red.

                                   For This Week

We expect Nifty will be traded with negative bias below 5210 and it would be decline towards 5120 – 5030. Other hand above 5210 Nifty will be traded with positive bias and it would be tries to test 5300 – 5390.  Nifty have 1^st Sup. at 5170 – 5120 & 2^nd Sup. at 5080 – 5030 and Nifty find 1^st Res. at 5260 – 5300 & 2^nd Res. At 5350 – 5390.

Strategy:

[1]  Open short below 5210 with stop loss 5300 for targets 5120 – 5030. 

[2]  Open long above 5210 with stop loss 5120 for targets 5300 – 5390.

NIFTY :: OP = 5277.40 , HI = 5310.55 , LO = 5154.30 , CL = 5209.     

WEEKLY REVIEW

JAY SWAMINARAYAN

We said    “   We expect Nifty will be traded with negative bias below 5210 and it would be decline towards 5120 – 5030. Other hand above 5210 Nifty will be traded with positive bias and tries to test 5300 – 5390.   “   We suggested    Strategy:   [1]  Open short below 5210 with stop loss 5300 for targets 5120 – 5030.  [2]  Open long above 5210 with stop loss 5120 for targets 5300 – 5390.

Nifty opened weak and traded expected. On Tuesday the market surprised positively by RBI on the account of 0.50 basis points Rate cut ( Umeed se Doguna ) so  Nifty turned up and achieved our 1^st upside target and registered weekly high of 5342. On Friday Nifty declined sharp towards 5245 and closed below 5300. Nifty gained 83 points ( + 1.60 % ) and closed in green.

                              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 it would be tries to test 5390 – 5480.  Nifty have 1^st Sup. at 5260 – 5210 & 2^nd Sup. at 5170 – 5120 and Nifty find 1^st Res. at 5350 – 5390 & 2^nd Res. At 5440 – 5480.

Be cautious and trade carefully because of F & O expiry in this week. Hence we expect volatility to remain in the market.

Strategy:

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

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

                                                                 

NIFTY :: OP = 5190.60 , HI = 5342.45 , LO = 5183.50 , CL = 5290.85.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   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.   “   We suggested    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 traded expected after opened weak. In first half Nifty achieved our 1^st down side target than it turned up in second half towards 5300 but not succeed to sustain above it. So it declined sharp towards our first down side target again and registered low of 5185 on last day. Nifty lost 115 points ( - 2.17 % ) and closed in red.

                                                             

                                 For This Week

We expect Nifty will be traded with negative bias below 5210 and it would be decline 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 5260 – 5300 & 2^nd Res. At 5350 – 5390.

After 27-01-2012 first time Nifty gave weekly close below 5210 and this is bearish sign for market. If RBI cuts CRR or Interest Rate ( or both ) on Tuesday as per market expectation than market take it positively and Nifty should survive otherwise ????? We may see level of 5030 in next 1-2 weeks.

We expect volatility to remain in the market because of RBI Credit Policy on Tuesday and Inflation number will be announce on Thursday. So be cautious and trade carefully with strict stop loss for both side trades.

Strategy:

[1]  Open short below 5210 with stop loss 5300 for targets 5120 – 5030. 

[2]  Open long above 5210 with stop loss 5120 for targets 5300 – 5390.

NIFTY :: OP = 5282.50 , HI = 5306.75 , LO = 5185.40 , CL = 5207.45.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   We expect same for this week. 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.   “   We suggested    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 traded expected after opened flat. Nifty traded in small range of 82 points and almost achieved our 1^st up side targets in small & truncated week. Nifty gained 27 points ( + 0.52 % ) and closed in green.

                                                            

                              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 1^st Sup. at 5260 – 5210 & 2^nd Sup. at 5170 – 5120 and Nifty should find 1^st Res. At 5350 – 5390 & 2^nd Res. At 5440 – 5480.

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 = 5296.35 , HI = 5378.75 , LO = 5278.80 , CL = 5322.90.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   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.   “   We suggested    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 traded expected after opened flat. Nifty achieved our both down side targets in 1^st half than it turned up in 2^nd half and succeed to recover all the loss at last day and registered weekly high of 5307.10. Nifty gained 17 points ( + 0.33 % ) and closed in green.

                               For This Week

We expect same for this week. 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 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.

We expect volatility to remain in the market because of small & truncated week with 2 holidays on Thursday and Friday. So be cautious and trade carefully.

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 = 5374.35 , HI = 5307.10 , LO = 5135.95 , CL = 5295.55