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 positive and traded expected. In first half Nifty registered high of 5718.40 than turned back and declined sharp towards 5600. Nifty registered low of 5604.85 than turned up and succeed to recover losses on F & O expiry day. Nifty gained 31 points (+ 0.55 %) 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 touch 5750 – 5840.  Nifty have 1^st Sup. at 5660 – 5620 & 2^nd Sup. at 5570 – 5530 and Nifty find 1^st Res. at 5690 – 5750 & 2^nd Res. At 5780 – 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  5690 – 5750 – 5780 – 5840.

NIFTY :: OP = 5707.30 , HI = 5718.40 , LO = 5604.85 , CL = 5682.55.

Weekly Review

JAY SWAMINARAYAN

Last week our sir, Mr. Girish Amin has lost his cousin Kuntal (Rinku) Patel after severe illness at Hyderabad. Rinku was very close to their heart and only 36 year old. Mr. Girish Amin went to Hyderabad for his funeral. So we devsatystocks could not posted daily review of March 21^st , 22^nd & March 25^th and we’re apologies for this one.

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  5930 – 5960 – 6020 – 6050.

Nifty opened with bear gape and traded expected. Nifty closed in red all days of the week. In first half Nifty registered high of 5863.80 than turned back towards our shorting level and declined sharp to achieve our both down side targets and registered low of 5631.80 in second half. Nifty lost massive 221 points (- 3.77 %) 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 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 Wednesday and Friday 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  5690 – 5750 – 5780 – 5840.

NIFTY :: OP = 5816.75 , HI = 5863.80 , LO = 5631.80 , CL = 5651.35.

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 5930 with stop loss 6020 for targets 5890 – 5840 – 5800 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

Nifty opened flat and registered high of 5971.20 on Monday than turned back towards our shorting level and declined sharp to achieve our 1^st down side target. Nifty registered low of 5791.75 and took support near 5800 then turned up and tried to recover all the losses but not succeed to sustain above 5930 in second half. Nifty lost 73 points (- 1.23 %) 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 5840 – 5800 & 2^nd Sup. at 5750 – 5710 and Nifty find 1^st Res. at 5930 – 5960 & 2^nd Res. At 6020 – 6050.

We expect volatility to remain in the market on account of RBI Monetary policy on Tuesday. 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  5930 – 5960 – 6020 – 6050.

NIFTY :: OP = 5946.10 , HI = 5971.20 , LO = 5791.75 , CL = 5872.60.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 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 negative and registered low of 5663.60 and achieved our 1^st down side target on Monday. Nifty took support near 5660 and turned up towards our buying level then gave smart rally towards 5930 and achieved our both upside targets. Nifty registered high of 5952.85 in second half.  Nifty gained massive 224 points (+ 3.95 %) 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 touch 6020 – 6110.  Nifty have 1^st Sup. at 5890 – 5840 & 2^nd Sup. at 5800 – 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 5890 – 5840 – 5800 - 5750. 

           

               

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

Nifty :: OP = 5704.70 , HI = 5952.85 , LO = 5663.60 CL = 5945.70.

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 registered high of 5878.40 in first half but not succeeded to sustain above 5840. So Nifty turned back towards our shorting level and declined sharp towards 5660 and achieved our both down side targets. Nifty registered low of 5671.90 in second half. Nifty lost massive 130 points (- 2.23 %) 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 touch 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 = 5870.55 , HI = 5878.40 , LO = 5671.90 , CL = 5719.70.