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  5840 – 5870 – 5930 – 5960.

Nifty opened positive and traded expected. In first half Nifty registered low of 5789.80 than turned up and gave smart rally towards 5930. Nifty registered high of 5924.60 in second half but faced selling pressure near 5930 and on last day of the week Nifty lost some gain. Nifty gained 88 points (+ 1.53 %) and closed in green.

                                    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.

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 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 = 5789.85 , HI = 5924.60 , LO = 5789.80 , CL = 5871.45.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 5660 – 5750.   “   We suggested Strategy:   [1]  Open short below 5530 with stop loss 5600 for targets 5480 – 5440 – 5390 - 5350.   [2]  Open long above 5530 with stop loss 5440 for targets  5570 – 5600 – 5660 – 5690.

      

Nifty opened negative and registered low of 5500.30 on Monday than turned up towards our buying level and traded with strength in small & truncated week. Nifty gave smart rally towards 5800 and achieved our both upside targets and registered high of 5794.35 in second half. Nifty gained massive 254 points (+ 4.60 %) and closed in green.

                                     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 5750 – 5710 & 2^nd Sup. at 5660 – 5620 and Nifty find 1^st Res. at 5840 – 5870 & 2^nd Res. At 5930 – 5960.

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

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  5840 – 5870 – 5930 – 5960.

NIFTY :: OP = 5508.50 , HI = 5794.35 , LO = 5500.30 , CL = 5783.10.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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 touch 5660 – 5750.  Nifty have 1^st Sup. at 5530 – 5480 & 2^nd Sup. at 5440 – 5390 and Nifty find 1^st Res. at 5600 – 5660 & 2^nd Res. At 5690 – 5750.   “

Nifty opened negative and traded expected. In first half Nifty declined sharp and registered low of 5477.20 and achieved our 1^st down side target. Nifty took support at 5480 and tried to recovered losses and registered high of 5610.65 but not succeed to sustained above 5570 in second half, so Nifty turned back below 5500 from higher level on last day. Nifty lost 24 points (- 0.44 %) and closed in red.

                                    For This Week

We expect same, 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 touch 5660 – 5750.  Nifty have 1^st Sup. at 5480 – 5440 & 2^nd Sup. at 5390 – 5350 and Nifty find 1^st Res. at 5570 – 5600 & 2^nd Res. At 5660 – 5690.

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 5530 with stop loss 5600 for targets 5480 – 5440 – 5390 - 5350. 

           

               

[2]  Open long above 5530 with stop loss 5440 for targets  5570 – 5600 – 5660 – 5690.

NIFTY :: OP = 5550.50 , HI = 5610.65 , LO = 5477.20 , CL = 5528.55.

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 5754.6O but not succeed to sustained above 5750. So Nifty turned back towards our shorting level and declined sharp below 5570. Nifty achieved our 1^st down side target and registered low of 5534.70 in second half. Nifty lost massive 129 points (- 2.28 %) 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 touch 5660 – 5750.  Nifty have 1^st Sup. at 5530 – 5480 & 2^nd Sup. at 5440 – 5390 and Nifty find 1^st Res. at 5600 – 5660 & 2^nd Res. At 5690 – 5750.

Strategy:

[1]  Open short below 5570 with stop loss 5660 for targets 5530 – 5480 – 5440 - 5390. 

            

              

[2]  Open long above 5570 with stop loss 5480 for targets  5600 – 5660 – 5690 – 5750.

NIFTY :: OP = 5697.35 , HI = 5754.60 , LO = 5534.70 , CL = 5553.25.