Weekly Review

JAY SWAMINARAYAN

We said   “    Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020..   “   We suggested Strategy:   [1]  Open short below 5840 with stop loss 5930 for targets 5800 – 5750 – 5710 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened positive and traded expected. In first half Nifty registered low of 5844.70 than turned up above 5900 and achieved our 1^st upside target. Nifty registered high of 5930.80 in second half. Nifty gained 60 points ( + 1 . 02 % ) and closed in green.

                                   For This Week

We expect now, Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.  Nifty have 1^st Sup. at 5870 – 5840 & 2^nd Sup. at 5780 – 5750 and Nifty find 1^st Res. at 5980 – 6020 & 2^nd Res. At 6070 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750. 

          

                

[2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

NIFTY :: OP = 5869.00 . HI = 5930.80 , LO = 5844.70 , CL = 5908.35.

Weekly Review

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.   “   We suggested Strategy:   [1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690.   [2]  Open long above 5870 with stop loss 5780 for targets  5930 – 5980 – 6020 – 6070.

Nifty opened negative and traded expected. In first half Nifty traded weak and registered low of 5823.15 after that Nifty recovered smartly on account of credit policy review by RBI on Tuesday. Nifty registered high of 5939.40 but failed to sustain above 5930 so turned back and declined sharp towards 5840 in second half. Nifty lost 31 points ( - 0 . 54 % ) and closed in red.

                                  For This Week

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5800 – 5750 & 2^nd Sup. at 5710 – 5660 and Nifty find 1^st Res. at 5890 – 5930 & 2^nd Res. At 5980 – 6020.

This is the small & truncated week with holiday on Tuesday 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 5840 with stop loss 5930 for targets 5800 – 5750 – 5710 - 5660. 

          

                

[2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

NIFTY :: OP = 5860.50 , HI = 5939.40 , LO = 5823.15 , CL = 5847.70.

Weekly Review

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.   “   We suggested Strategy:   [1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

Nifty opened positive and traded expected. In first half Nifty registered high of 5965.15 than turned back towards our shorting level and achieved our 1^st down side target. Nifty declined sharp and register low of 5839.15 in second half. Nifty lost 27 points ( - 0 . 47 % ) and closed in red.

                                  For This Week

We expect now, Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5840 – 5780 & 2^nd Sup. at 5750 – 5690 and Nifty find 1^st Res. at 5930 – 5980 & 2^nd Res. At 6020 – 6070.

We expect volatility to remain in the market on account of the RBI monetary policy review on Tuesday. So be cautious and trade carefully.  

Strategy:

[1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690. 

          

                

[2]  Open long above 5870 with stop loss 5780 for targets  5930 – 5980 – 6020 – 6070.

NIFTY :: OP = 5916.05 , HI = 5965.15 , LO = 5839.15 , CL = 5879.60.

WEEKLY REVIEW

JAY SWAMINARAYAN

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.   “   We suggested Strategy:   [1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690.   [2]  Open long above 5870 with stop loss 5780 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened positive and traded expected. In first half Nifty traded in narrow range and registered low of 5838.90 than Nifty turned up and gave smart recovery. Nifty achieved our 1^st upside target and registered high of 5949.85 in second half. Nifty gained 27 points ( + 0 . 47 % ) and closed in green.

                                     For This Week

We expect Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.  Nifty have 1^st Sup. at 5870 – 5840 & 2^nd Sup. at 5780 – 5750 and Nifty find 1^st Res. at 5980 – 6020 & 2^nd Res. At 6070 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750. 

          

                

[2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

NIFTY :: OP = 5878.25 , HI = 5949.85 , LO = 5838.90 , CL = 5807.40.

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 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 opened positive and traded expected. In first half Nifty registered low of 5623.45 than turned up and gave smart rally towards 5900 and achieved our both upside targets. Nifty registered high of 5885.25 in second half. Nifty gained massive 253 points ( + 4 . 50 % ) and closed in green.

                                     For This Week

We expect Nifty will be traded with negative bias below 5840 and it would be decline towards 5750 – 5660. Other hand above 5840 Nifty will be traded with positive bias and it would be tries to test 5930 – 6020.  Nifty have 1^st Sup. at 5840 – 5780 & 2^nd Sup. at 5750 – 5690 and Nifty find 1^st Res. at 5930 – 5980 & 2^nd Res. At 6020 – 6070.

Strategy:

[1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690. 

           

               

[2]  Open long above 5870 with stop loss 5780 for targets  5890 – 5930 – 5980 – 6020.

NIFTY :: OP = 5648.65 , HI = 5885.25 , LO = 5623.45 , CL = 5879.85.