Weekly Review

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 it would be tries to test 5480 – 5570.   “   We suggested    Strategy:   [1]  Open short below 5350 with stop loss 5440 for target 5300 – 5260 – 5210 - 5170.   [2]  Open long above 5350 with stop loss 5260 for target  5390 – 5440 – 5480 – 5530.

Nifty opened positive and traded expected. In first half Nifty achieved our 1^st upside target and registered high of 5448 but failed to sustain above it. Nifty turned back towards 5370 in second half and lost earlier gain. Nifty gained 20 points ( + 0.38 % ) and closed in green.

                         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 it would be tries to test 5480 – 5570.  Nifty have 1^st Sup. at 5350 – 5300 & 2^nd Sup. at 5260 – 5210 and Nifty find 1^st Res. at 5440 – 5480 & 2^nd Res. At 5530 – 5570.

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 5390 with stop loss 5480 for target 5350 – 5300 – 5260 - 5210. 

[2]  Open long above 5390 with stop loss 5300 for target  5440 – 5480 – 5530 – 5570.

NIFTY :: OP = 5368.70 , HI = 5448.60 , LO = 5368.70 , CL = 5386.70.

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 flat and traded expected. In first half Nifty achieved our 1^st upside target and registered high of 5399 but failed to sustain above it. So Nifty turned back towards 5350 in second half. Nifty gained 45 points ( + 0.86 % ) and closed in green.

                                      For This Week

We expect now 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 it would be tries to test 5480 – 5570.  Nifty have 1^st Sup. at 5350 – 5300 & 2^nd Sup. at 5260 – 5210 and Nifty find 1^st Res. at 5390 – 5440 & 2^nd Res. At 5480 – 5530.

Strategy:

[1]  Open short below 5350 with stop loss 5440 for target 5300 – 5260 – 5210 - 5170. 

[2]  Open long above 5350 with stop loss 5260 for target  5390 – 5440 – 5480 – 5530.

NIFTY :: OP = 5316.35 , HI = 5399.95 , LO = 5309.05 , CL = 5366.30.

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 gape up and traded expected. In first half Nifty achieved our both upside targets and registered high of 5377 than Nifty turned back towards 5300 in second half. Nifty gained 104 points ( + 2.01 % ) 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 = 5260.85 , HI = 5377.60 , LO = 5260.85 , CL = 5320.40.

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.   “   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. In first half Nifty achieved our 1^st upside target and registered high of 5246. Nifty turned back towards 5170 and registered low of 5165 than tried to recover losses on Friday and succeed to close above 5210 in second half. Nifty gained 115 points ( + 2.27 % ) 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 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 = 5129.75 , HI = 5246.35 , LO = 5129.75 , CL = 5215.70.