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 flat and traded expected. In first half Nifty registered high of 5971.00 and achieved our 1^st upside target but not succeed to sustained at higher level so Nifty declined sharp towards 5840 and registered low of 5835.80 in second half. Nifty lost 37 points (- 0.63 %) 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 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 remain in the market on account of F & O expiry in this week. So be cautious and trade carefully.

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 = 5888.65 , HI = 5971.00 , LO = 5835.80 , CL = 5850.30.

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 5930 with stop loss 6020 for targets 5890 – 5840 – 5800 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5960 – 6020 – 6050 – 6110.

Nifty opened positive and traded expected. In first half Nifty registered high of 5969.50 but not able to sustained above 5930, So Nifty turned back towards our shorting level and almost achieved our 1^st down side target. NIFTY registered low of 5853.90 In second half. Nifty lost 16 points (- 0.27 %) and closed in red.

                                    For This Week

We expect same, 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 5840 – 5800 & 2^nd Sup. at 5750 – 5710 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 = 5920.05 , HI = 5969.50 , LO = 5853.90 , CL = 5887.40.

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 5980 – 5930 – 5890 - 5840.   [2]  Open long above 6020 with stop loss 5930 for targets  6050 – 6110 – 6140 – 6200.

Nifty opened positive and traded expected. In first half Nifty registered high of 6038.50 but not able to sustained above 6020, So Nifty turned back towards our shorting level and declined sharp to achieve our 1^st down side target. NIFTY registered low of 5883.65 In second half. Nifty lost 95 points (- 1.59 %) and closed in red.

                                  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 touch 6020 – 6110.  Nifty have 1^st Sup. at 5890 – 5840 & 2^nd Sup. at 5800 – 5750 and Nifty find 1^st Res. at 5960 – 6020 & 2^nd Res. At 6050 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5890 – 5840 – 5800 - 5750. 

            

              

[2]  Open long above 5930 with stop loss 5840 for targets  5960 – 6020 – 6050 – 6110.

NIFTY :: OP = 6025.20 , HI = 6038.50 , LO = 5883.65 , CL = 5903.50.

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 6070 with stop loss 6140 for targets 6020 – 5980 – 5930 - 5890.   [2]  Open long above 6070 with stop loss 5980 for targets  6110 – 6140 – 6200 – 6230.

Nifty opened positive and registered high of 6111.80 In first half but not able to sustained above 6110. So Nifty turned back towards our shorting level and declined sharp to achieve our 1^st down side target In second half and registered low of 5983.20. Nifty lost 75 points (- 1.25 %) 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 5980 – 5930 & 2^nd Sup. at 5890 – 5840 and Nifty find 1^st Res. at 6050 – 6110 & 2^nd Res. At 6140 – 6200.

Strategy:

[1]  Open short below 6020 with stop loss 6110 for targets 5980 – 5930 – 5890 - 5840. 

           

               

[2]  Open long above 6020 with stop loss 5930 for targets  6050 – 6110 – 6140 – 6200.

NIFTY :: OP = 6082.10 , HI – 6111.80 , LO = 5983.20 , CL = 5998.90.