Weekly Review

JAY SWAMINARAYAN

We said   “   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.   We suggested    Strategy:    [1]  Open short below 5210 with stop loss 5300 for targets 5170 – 5120 – 5080 - 5030.   [2]  Open long above 5210 with stop loss 5120 for targets 5260 – 5300 – 5350 - 5390.

Nifty opened with bear gape and traded expected. In first half Nifty tried to hold 5120 but once it breach 5120 than it declined sharp towards 5030 and achieved our both down side targets. Nifty registered low of 5033 than it tried to recover losses on Friday and succeed to close at 5100. Nifty lost 105 points ( - 2.02 % ) and closed in red.

                           For This Week

We expect Nifty will be traded with negative bias below 5120 and it would be decline towards 5030 – 4940. Other hand above 5120 Nifty will be traded with positive bias and it would be tries to test 5210 – 5300.  Nifty have 1^st Sup. at 5080 – 5030 & 2^nd Sup. at 4990 – 4940 and Nifty find 1^st Res. at 5170 – 5210 & 2^nd Res. at 5260 – 5300.

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

Strategy:

[1]  Open short below 5120 with stop loss 5210 for targets 5080 – 5030 – 4990 - 4940. 

                                                                                               

[2]  Open long above 5120 with stop loss 5030 for targets 5170 – 5210 – 5260 - 5300.

NIFTY :: OP = 5163.25 , HI = 5164.20 , LO = 5032.40 , CL = 5099.85.

  

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 it would be tries to test 5300 – 5390.   “   We suggested    Strategy:    [1]  Open short below 5210 with stop loss 5300 for targets 5170 – 5120 – 5080 - 5030.   [2]  Open long above 5210 with stop loss 5120 for targets 5260 – 5300 – 5350 - 5390.

Nifty opened flat and traded expected. In first half Nifty registered low of 5170 and took support at 5170 than turned up and registered high of 5257. Nifty faced resistance near 5260 and declined towards 5210 in second half. Nifty lost 22 points ( - 0.42 % ) and closed in red.

                               For This Week

We expect same for this week, 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.

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 5210 with stop loss 5300 for targets 5170 – 5120 – 5080 - 5030. 

                                                                                               

[2]  Open long above 5210 with stop loss 5120 for targets 5260 – 5300 – 5350 - 5390.

NIFTY :: OP = 5232.35 , HI = 5257.75 , LO = 5169.05 , CL = 5205.10.

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 5260 – 5210 – 5170 - 5120.   [2]  Open long above 5300 with stop loss 5210 for targets 5350 – 5390 – 5440 - 5480.

Nifty opened with bear gape and traded expected. In first half Nifty took support near 5260 than turned up and registered high of 5348. Nifty faced resistance near 5350 and declined sharp towards 5210 in second half. Nifty achieved our 1^st down side target and registered low of 5217. Nifty lost 89 points ( - 1.69 % ) 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 5170 – 5120 – 5080 - 5030. 

                                                                                               

[2]  Open long above 5210 with stop loss 5120 for targets 5260 – 5300 – 5350 - 5390.

NIFTY :: OP = 5283.70 , HI = 5348.55 , LO = 5216.85 , CL = 5227.25.

Weekly Review

JAY SWAMINARAYAN

We said   “   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.   “   We suggested    Strategy:    [1]  Open short below 5260 with stop loss 5350 for targets 5210 – 5170 – 5120 - 5080.   [2]  Open long above 5260 with stop loss 5170 for targets 5300 – 5350 – 5390 - 5440.

Nifty opened positive and traded expected. In first half Nifty took support near 5260 than turned up and registered high of 5333 in second half. Nifty achieved our 1^st upside target and traded in narrow range of 70 points. Nifty gained 38 points ( + 0.72 % ) 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.

Strategy:

[1]  Open short below 5300 with stop loss 5390 for targets 5260 – 5210 – 5170 - 5120. 

                                                                                               

[2]  Open long above 5300 with stop loss 5210 for targets 5350 – 5390 – 5440 - 5480.

NIFTY ::  OP = 5283.85 , HI = 5333.65 , LO = 5263.35 , CL = 5316.95.

weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5120 and it would be decline towards 5030 – 4940. Other hand above 5120 Nifty will be traded with positive bias and it would be tries to test 5210 – 5300.  Nifty have 1^st Sup. at 5120 – 5080 & 2^nd Sup. at 5030 – 4990 and Nifty find 1^st Res. at 5170 – 5210 & 2^nd Res. At 5260 – 5300.   “   We suggested    Strategy:     [1]  Open short below 5120 with stop loss 5210 for targets 5080 – 5030 – 4990 - 4940.   [2]  Open long above 5120 with stop loss 5030 for targets 5170 – 5210 – 5260 - 5300.

Nifty opened positive and traded expected. Nifty registered high of 5194 on Monday than  declined sharp and registered low of 5095 on Tuesday. There after Nifty traded range bound for the week but on Friday Nifty gave massive up move and registered high of 5286 and achieved our all upside targets. Nifty gained 132 points ( + 2.58 % ) and closed in green.

                           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 5260 – 5210 & 2^nd Sup. at 5170 – 5120 and Nifty find 1^st Res. at 5300 – 5350 & 2^nd Res. At 5390 – 5440.

Strategy:

[1]  Open short below 5260 with stop loss 5350 for targets 5210 – 5170 – 5120 - 5080. 

                                                                                               

[2]  Open long above 5260 with stop loss 5170 for targets 5300 – 5350 – 5390 - 5440.

NIFTY :: OP = 5158.50 , HI = 5286.25 , LO = 5095.50 , CL = 5278.90.