Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.   “   We suggested Strategy:   [1]  Open short below 6050 with stop loss 6140 for targets 6020 – 5960 – 5930 - 5870.   [2]  Open long above 6050 with stop loss 5960 for targets  6070 – 6110 – 6160 – 6200.

Nifty opened positive and traded expected. In first half Nifty achieved our both upside targets and registered high of 6212.40. After that Nifty turned back towards our shorting level and declined sharp towards 5960. Nifty registered low of 5972.80 and achieved our 1^st down side target in second half.  Nifty lost 60 points ( - 1.00 %) and closed in red.

                                        For This Week

We expect same, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 5960 – 5930 & 2^nd Sup. at 5870 – 5840 and Nifty find 1^st Res. at 6070 – 6110 & 2^nd Res. At 6160 – 6200.

We expect volatility to remains in the market on account of F & O expiry in this week. Hence be cautious and trade carefully.

Strategy:

[1]  Open short below 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 - 5840. 

            

                                     

[2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 6111.05 , HI = 6212.40 , LO = 5972.80 , CL = 5995.45.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.   “   We suggested Strategy:   [1]  Open short below 6140 with stop loss 6230 for targets 6110 – 6050 – 6020 - 5960.   [2]  Open long above 6140 with stop loss 6050 for targets  6160 – 6200 – 6250 – 6290.

Nifty opened negative and traded expected. In first half Nifty registered high of 6141.65 then turned back and declined sharp towards 5930. Nifty registered low of 5972.45 and achieved our both down side targets in second half.  Nifty lost 84 points ( - 1.38 %) and closed in red.

                                                 For This Week

We expect now, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 5960 – 5930 & 2^nd Sup. at 5870 – 5840 and Nifty find 1^st Res. at 6070 – 6110 & 2^nd Res. At 6160 – 6200.

Strategy:

[1]  Open short below 6050 with stop loss 6140 for targets 6020 – 5960 – 5930 - 5870. 

            

                                     

[2]  Open long above 6050 with stop loss 5960 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 6110.40 , HI = 6141.65 , LO = 5972.45 , CL = 6056.15.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6290 and it would be decline towards 6200 – 6110. Other hand above 6290 Nifty will be traded with positive bias and it would be tries to touch 6380 – 6470.   “   We suggested Strategy:   [1]  Open short below 6290 with stop loss 6380 for targets 6250 – 6200 – 6160 - 6110.   [2]  Open long above 6290 with stop loss 6200 for targets  6340 – 6380 – 6430 – 6470.

Nifty opened negative and traded expected. In first half Nifty registered high of 6304.75 then turned back and declined sharp towards 6110. Nifty registered low of 6120.95 and achieved our both down side targets in second half.  Nifty lost massive 176 points ( - 2.80 %) and closed in red. 

                                              For This Week

We expect now, Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.  Nifty have 1^st Sup. at 6110 – 6050 & 2^nd Sup. at 6020 – 5960 and Nifty find 1^st Res. at 6160 – 6200 & 2^nd Res. At 6250 – 6290.

This is the small & truncated week with holiday on Friday. Hence we expect volatility to remain in the market, so be cautious and trade carefully.

Strategy:

[1]  Open short below 6140 with stop loss 6230 for targets 6110 – 6050 – 6020 - 5960. 

            

                                     

[2]  Open long above 6140 with stop loss 6050 for targets  6160 – 6200 – 6250 – 6290.

NIFTY :: OP = 6282.15 , HI = 6304.75 , LO = 6120.95 , CL = 6140.75.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.   “   We suggested Strategy:   [1]  Open short below 6160 with stop loss 6250 for targets 6110 – 6070 – 6020 - 5980.   [2]  Open long above 6160 with stop loss 6070 for targets  6200 – 6230 – 6290 – 6320.

Nifty opened positive and traded expected. In first half Nifty registered low of 6079.20 and achieved our 1^st down side target then tried to recover losses and in this process Nifty turned up towards buying level and gave smart rally above 6300. Nifty registered high of 6342.95 and achieved our both upside targets in second half.  Nifty gained massive 167 points ( + 2.81 %) and closed in green.

Dear Reader,                  We as a Devsaty stocks would like to take this opportunity to wish you and your family a very Happy Diwali & prosperous New Year. May GOD fulfill all your wishes in wealth, health and happiness in your life.

    

&

                                                         For This Week

We expect now, Nifty will be traded with negative bias below 6290 and it would be decline towards 6200 – 6110. Other hand above 6290 Nifty will be traded with positive bias and it would be tries to touch 6380 – 6470.  Nifty have 1^st Sup. at 6250 – 6200 & 2^nd Sup. at 6160 – 6110 and Nifty find 1^st Res. at 6340 – 6380 & 2^nd Res. At 6430 – 6470.

Strategy:

[1]  Open short below 6290 with stop loss 6380 for targets 6250 – 6200 – 6160 - 6110. 

            

                        

[2]  Open long above 6290 with stop loss 6200 for targets  6340 – 6380 – 6430 – 6470.

NIFTY :: OP = 6155.10 , HI = 6342.95 , LO = 6079.20 , CL = 6317.35.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.   “   We suggested Strategy:   [1]  Open short below 6200 with stop loss 6290 for targets 6160 – 6110 – 6070 - 6020.   [2]  Open long above 6200 with stop loss 6110 for targets  6230 – 6290 – 6320 – 6380.

Nifty opened positive and traded expected. In first half Nifty registered low of 6116.60 then tried to recover losses and turned up towards 6250. Nifty registered high of 6252.45 but not able to sustained above 6200 in second half.  Nifty lost 44 points (- 0.72 %) and closed in red.

                                                         For This Week

We expect now, Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.  Nifty have 1^st Sup. at 6160 – 6110 & 2^nd Sup. at 6070 – 6020 and Nifty find 1^st Res. at 6230 – 6290 & 2^nd Res. At 6320 – 6380.

We expect volatility to remains in the market on account of RBI Monetary policy on Tuesday & F & O expiry in this week. So be cautious and trade carefully in this week.

Strategy:

[1]  Open short below 6160 with stop loss 6250 for targets 6110 – 6070 – 6020 - 5980. 

            

                        

[2]  Open long above 6160 with stop loss 6070 for targets  6200 – 6230 – 6290 – 6320.

NIFTY :: OP = 6202.00 , HI = 6252.45 , LO = 6116.60 , CL = 6144.90.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6110 and it would be decline towards 6020 – 5930. Other hand above 6110 Nifty will be traded with positive bias and it would be tries to touch 6200 – 6290.   “   We suggested Strategy:   [1]  Open short below 6110 with stop loss 6200 for targets 6050 – 6020 – 5960 - 5930.   [2]  Open long above 6110 with stop loss 6020 for targets  6160 – 6200 – 6250 – 6290.

Nifty opened flat and registered low of 6032.55 and almost achieved our 1^st down side target in first half. Nifty took support near 6020 then turned up towards our buying level and gave smart rally towards 6200 on Friday.  Nifty achieved our 1^st upside target and registered high of 6201.45 in second half.  Nifty gained massive 93 points (+ 1.53 %) and closed in green.

                                                         For This Week

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We expect now, Nifty will be traded with negative bias below 6200 and it would be decline towards 6110 – 6020. Other hand above 6200 Nifty will be traded with positive bias and it would be tries to touch 6290 – 6380.  Nifty have 1^st Sup. at 6160 – 6110 & 2^nd Sup. at 6070 – 6020 and Nifty find 1^st Res. at 6230 – 6290 & 2^nd Res. At 6320 – 6380.

Strategy:

[1]  Open short below 6200 with stop loss 6290 for targets 6160 – 6110 – 6070 - 6020. 

            

                        

[2]  Open long above 6200 with stop loss 6110 for targets  6230 – 6290 – 6320 – 6380.

NIFTY :: OP = 6093.00 , HI = 6201.45 , LO = 6032.45 , CL = 6199.35.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 6020 – 6110.   “   We suggested Strategy:   [1]  Open short below 5890 with stop loss 5980 for targets 5840 – 5800 – 5750 - 5710.   [2]  Open long above 5890 with stop loss 5800 for targets  5930 – 5960 – 6020 – 6050.

Nifty opened negative and traded expected. In first half registered low of 5825.85 then turned up towards our buying level and gave smart rally towards 6100.  Nifty achieved our both upside targets and registered high of 6107.60 in second half.  Nifty gained massive 188 points (+ 3.20 %) and closed in green.

                                                         For This Week

We expect, Nifty will be traded with negative bias below 6110 and it would be decline towards 6020 – 5930. Other hand above 6110 Nifty will be traded with positive bias and it would be tries to touch 6200 – 6290.  Nifty have 1^st Sup. at 6050 – 6020 & 2^nd Sup. at 5960 – 5930 and Nifty find 1^st Res. at 6160 – 6200 & 2^nd Res. At 6250 – 6290.

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

Strategy:

[1]  Open short below 6110 with stop loss 6200 for targets 6050 – 6020 – 5960 - 5930. 

            

                        

[2]  Open long above 6110 with stop loss 6020 for targets  6160 – 6200 – 6250 – 6290.

NIFTY :: OP = 5889.05 , HI = 6107.60 , LO = 5825.85 , CL = 6096.20.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 5930 – 6020.   “   We suggested Strategy:   [1]  Open short below 5840 with stop loss 5930 for targets 5780 – 5750 – 5690 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened negative and traded expected. In first half registered low of 5700.95 then turned up towards our buying level and gave smart rally towards 5950.  Nifty achieved our 1^st uoside target and registered high of 5950.45 in second half.  Nifty gained 74 points (+ 1.27 %) 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 touch 6020 – 6110.  Nifty have 1^st Sup. at 5890 – 5840 & 2^nd Sup. at 5800 – 5750 and Nifty find 1^st Res. at 5930 – 5960 & 2^nd Res. At 6020 – 6050.

Strategy:

[1]  Open short below 5890 with stop loss 5980 for targets 5840 – 5800 – 5750 - 5710. 

            

                        

[2]  Open long above 5890 with stop loss 5800 for targets  5930 – 5960 – 6020 – 6050.

NIFTY :: OP = 5801.05 , HI = 5950.45 , LO = 5700.95 , CL = 5907.30

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.   “   We suggested Strategy[1]  Open short below 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 - 5840.   [2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

Nifty opened negative and traded expected. In first half registered high of 5989.40 then turned back and declined sharp towards 5800. Nifty registered low of 5811.10 then tried to recover losses but faced resistance near 5930 so again Nifty declined towards 5800 in second half.  Nifty lost massive 178 points (- 2.98 %) 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 touch 5930 – 6020.  Nifty have 1^st Sup. at 5780 – 5750 & 2^nd Sup. at 5690 – 5660 and Nifty find 1^st Res. at 5890 – 5930 & 2^nd Res. At 5980 – 6020.

Strategy:

[1]  Open short below 5840 with stop loss 5930 for targets 5780 – 5750 – 5690 - 5660. 

            

                        

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

NIFTY :: OP = 5945.80 , HI = 5989.40 , LO = 5811.10 , CL = 5833.20.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   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 touch 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  5870 – 5930 – 5960 – 6020.

Nifty opened positive and traded expected. In first half registered low of 5798.15 then turned up towards our buying level and gave smart rally towards 6140. Nifty achieved our both upside targets and registered high of 6142.50 in second half but faced strong resistance near 6110, So Nifty declined sharp towards 5930 on last day of the week. Nifty gained massive 161 points (+ 2.76 %) and closed in green.

                                                         For This Week

We expect, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 5960 – 5930 & 2^nd Sup. at 5870 – 5840 and Nifty find 1^st Res. at 6070 – 6110 & 2^nd Res. At 6160 – 6200.

We expect volatility to remains in the market on account of F & O expiry in this week. Hence be cautious and trade carefully.

Strategy:

[1]  Open short below 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 - 5840. 

            

                        

[2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 5930.30 , HI = 6142.50 , LO = 5798.15 , CL = 6012.10.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 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  5690 – 5750 – 5780 – 5840.

Nifty opened with gape up near 5750 and traded expected. In first half Nifty registered low of 5738.20 then turned up and gave smart rally towards 5930. Nifty registered high of 5932.00 in second half but faced strong resistance at 5930 so Nifty declined sharp towards 5800 on last day of the week. Nifty gained massive 190 points (+ 3.00 %) 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 touch 5930 – 6020.  Nifty have 1^st Sup. at 5800 – 5750 & 2^nd Sup. at 5710 – 5660 and Nifty find 1^st Res. at 5870 – 5930 & 2^nd Res. At 5960 – 6020.

We expect volatility to remains in the market on account of RBI Monetary policy. So be cautious and trade carefully in this week.

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  5870 – 5930 – 5960 – 6020.

NIFTY :: OP = 5738.50 , HI = 5932.00 , LO = 5738.20 , CL = 5850.60.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 5480 and it would be decline towards 5390 – 5300. Other hand above 5480 Nifty will be traded with positive bias and it would be tries to touch 5570 – 5660.   “   We suggested Strategy:   [1]  Open short below 5480 with stop loss 5570 for targets 5440 – 5390 – 5350 - 5300.   [2]  Open long above 5480 with stop loss 5390 for targets  5510 – 5570 – 5600 – 5660.

Nifty opened positive and traded expected. In first half Nifty achieved our 1^st upside target than turned back towards our shorting level and declined sharp towards 5300. Nifty registered low of 5318.90 and achieved our both down side targets. After that Nifty tried to recover the losses and in this process Nifty turned up towards our buying level and gave smart rally towards 5660. Nifty achieved our both upside targets and registered high of 5688.60 in second half. Nifty gained massive 208 points (+ 3.81 %) and closed in green.

                            For This Week

We expect, 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 touch 5750 – 5840.  Nifty have 1^st Sup. at 5620 – 5570 & 2^nd Sup. at 5530 – 5480 and Nifty find 1^st Res. at 5690 – 5750 & 2^nd Res. At 5780 – 5840.

This is the small & truncated week with holiday on Monday. Hence we expect volatility to remain in the market, so be cautious and trade carefully.

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  5690 – 5750 – 5780 – 5840.

NIFTY :: OP = 5480.25 , HI = 5688.60 , LO = 5318.90 , CL = 5680.40.