WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened negative and traded expected. In first half Nifty registered high of 5721.55 near our 1^st upside target than turned back and declined below 5660 on Friday. Nifty registered low of 5641.75 in second half. Nifty lost 19 points ( - 0.35 % ) and closed in red.

                            For This Week

We expect same for this week also, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

We expect after 2-3 days Nifty will be starting to decline sharp towards 5570-5480.

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

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5667.60 , HI = 5721.55 , LO = 5641.75 , CL = 5664.30.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “  We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty traded weak and registered low of 5633.90. After that Nifty turned up above 5700 and registered high of 5722.50 near our 1^st upside target in second half. Nifty gained 08 points ( + 0.14 % ) and closed in green.

                             For This Week

We expect same, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

This is the small & truncated week with holiday on Wednesday and also the F & O expiry in this week so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

                          

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5674.25 , HI = 5722.50 , LO = 5633.90 , CL = 5684.25.               

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.   “   We suggested Strategy:   [1]  Open short below 5750 with stop loss 5840 for targets 5710 – 5660 – 5620 - 5570.   [2]  Open long above 5750 with stop loss 5660 for targets  5800 – 5840 – 5890 – 5930.

Nifty opened flat and traded expected. In first half Nifty traded negatively and achieved our 1^st down side target. In second half Nifty registered low of 5637 than tried to recover losses but again it declined on Friday. Nifty lost 70 points ( - 1.23 % ) and closed in red.

                              For This Week

We expect now, Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

  Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5751.85 , HI = 5751.85 , LO = 5636.95 , CL = 5676.05.

Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5660 and it would be decline towards 5570 – 5480. Other hand above 5660 Nifty will be traded with positive bias and it would be tries to test 5750 – 5840.   “   We suggested Strategy:   [1]  Open short below 5660 with stop loss 5750 for targets 5620 – 5570 – 5530 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. In first half Nifty registered low of 5694 than turned up towards 5800 and achieved our 1^st upside target. Nifty registered high of 5815 in second half. Nifty gained 43 points ( + 0.77 % ) and closed in green.

                            For This Week

We expect now, Nifty will be traded with negative bias below 5750 and it would be decline towards 5660 – 5570. Other hand above 5750 Nifty will be traded with positive bias and it would be tries to test 5840 – 5930.  Nifty have 1^st Sup. at 5710 – 5660 & 2^nd Sup. at 5620 – 5570 and Nifty find 1^st Res. at 5800 – 5840 & 2^nd Res. At 5890 – 5930.

Strategy:

[1]  Open short below 5750 with stop loss 5840 for targets 5710 – 5660 – 5620 - 5570. 

[2]  Open long above 5750 with stop loss 5660 for targets  5800 – 5840 – 5890 – 5930.

NIFTY :: OP = 5704.75 , HI = 5815.35 , LO = 5694 = CL = 5746.95.