Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.   “   We suggested Strategy:   [1]  Open short below 5570 with stop loss 5660 for targets 5510 – 5480 – 5420 - 5390.   [2]  Open long above 5570 with stop loss 5480 for targets  5620 – 5660 – 5710 – 5750.

Nifty opened flat and traded expected. In first half Nifty traded negatively and registered low of 5548.35. Nifty turned up in second half towards 5650 and almost achieved our 1^st upside target and registered high of 5643.35. Nifty gained 52 points ( + 0.94 % ) and closed in green.

                                    For This Week

We expect Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.  Nifty have 1^st Sup. at 5600 – 5570 & 2^nd Sup. at 5510 – 5480 and Nifty find 1^st Res. at 5660 – 5710 & 2^nd Res. At 5750 – 5800.

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 5620 with stop loss 5710 for targets 5600 – 5570 – 5510 - 5480. 

          

                

[2]  Open long above 5620 with stop loss 5510 for targets  5660 – 5710 – 5750 – 5800.

NIFTY :: OP = 5577.30 , HI = 5643.35 , LO = 5648.35 , CL = 5626.60.

  

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 5690 with stop loss 5800 for targets 5660 – 5600 – 5570 - 5510.   [2]  Open long above 5690 with stop loss 5600 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened flat and traded expected. Nifty traded weak and closed in red each and every day of the week including Muhurat Trading session. In first half Nifty registered high of 5718.90 than turned back and declined sharp towards 5570 and achieved our 1^st down side target. Nifty registered low of 5559.80 in second half. Nifty lost 112 points ( - 1.97 % ) and closed in red.

                                     For This Week

We expect now, Nifty will be traded with negative bias below 5570 and it would be decline towards 5480 – 5390. Other hand above 5570 Nifty will be traded with positive bias and it would be tries to test 5660 – 5750.  Nifty have 1^st Sup. at 5510 – 5480 & 2^nd Sup. at 5420 – 5390 and Nifty find 1^st Res. at 5620 – 5660 & 2^nd Res. At 5710 – 5750.

Strategy:

[1]  Open short below 5570 with stop loss 5660 for targets 5510 – 5480 – 5420 - 5390. 

          

                

[2]  Open long above 5570 with stop loss 5480 for targets  5620 – 5660 – 5710 – 5750.

NIFTY :: OP = 5688.45 , HI = 5718.90 , LO = 5559.80 , CL = 5574.05.

Weekly Review

JAY SWAMINARAYAN

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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 positively and registered high of 5777.30 and achieved our 1^st upside target. After that Nifty turned back below 5700 and registered weekly low at 5677.75 in second half. Nifty lost 11 points ( - 0.20 % ) and closed in red.

                              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 5660 – 5600 & 2^nd Sup. at 5570 – 5510 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

This is the small & truncated week with Muhurat trading on Tuesday at 3:30 pm to 5: 00 pm & holiday on Wednesday so be cautious and trade carefully. Hence we expect volatility to remains in the market.

Strategy:

[1]  Open short below 5690 with stop loss 5800 for targets 5660 – 5600 – 5570 - 5510. 

            

              

[2]  Open long above 5690 with stop loss 5600 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5693.05 , HI = 5777.30 , LO = 5677.75 , CL = 5686.25

WEEKLY REVIEW

JAY SWAMINARAYAN

 

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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 5583.05 and achieved our 1^st down side target, Than Nifty tried to recover and succeed to do so. Nifty turned up above 5700 and registered high of 5711.30 in second half. Nifty gained 33 points ( + 0.59 % ) and closed in green.

Ø  We said in our 28-10-2012 weekly review when nifty closed at 5664.30   “   We expect after 2-3 days Nifty will be starting to decline sharp towards 5570-5480.   “   In last week Nifty declined below 5600 after five weeks and registered low of 5583.05.

                            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.

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 = 5665.20 , HI = 5711.30 , LO = 5683.05 , CL = 5697.70.