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 6140 – 6110 – 6050 - 6020.   [2]  Open long above 6200 with stop loss 6110 for targets  6250 – 6290 – 6340 – 6380.

Nifty opened positive and registered high of 6229.45 on Monday than turned back and declined sharp towards 5930. Nifty achieved our both down side targets and registered low of 5936.80 in second half. Nifty traded with negative bias all the week and lost massive 203 points (- 3.29 %) 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 6020 – 6070 & 2^nd Res. At 6110 – 6160.

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 5980 with stop loss 6070 for targets 5960 – 5930 – 5870 - 5840. 

          

                

[2]  Open long above 5980 with stop loss 5890 for targets  6020 – 6070 – 6110 – 6160.

NIFTY :: OP = 6198.00 , HI = 6229.45 , LO = 5936.80 , CL = 5983.55.

WEEKLY RVIEW

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 6070 – 6020 – 5980 - 5930.   [2]  Open long above 6110 with stop loss 6020 for targets  6140 – 6200 – 6230 – 6290.

Nifty opened negative and traded expected. In first half Nifty achieved our 1^st down side target and registered low of 5970.05. Nifty took support near 5980 than turned up and achieved our both upside targets. Nifty gave smart rally towards 6200 and registered high of 6199.95 in second half. Nifty gained 80 points (+ 1.31 %) and closed in green.

                                      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 6140 – 6110 & 2^nd Sup. at 6050 – 6020 and Nifty find 1^st Res. at 6250 – 6290 & 2^nd Res. At 6340 – 6380.

Strategy:

[1]  Open short below 6200 with stop loss 6290 for targets 6140 – 6110 – 6050 - 6020. 

           

               

[2]  Open long above 6200 with stop loss 6110 for targets  6250 – 6290 – 6340 – 6380.

NIFTY :: OP = 6098.20 , HI = 6199.95 , LO = 5970.05 , CL = 6187.30.

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  5980 – 6020 – 6070 – 6110.

Nifty opened flat and traded expected. In first half Nifty registered low of 5928.45 than turned up and achieved our both upside targets. Nifty gave smart rally towards 6110 and registered high of 6114.55 in second half. Nifty gained massive 163 points (+ 2.74 %) and closed in green.

                                     For This Week

We expect now, 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 6070 – 6020 & 2^nd Sup. at 5980 – 5930 and Nifty find 1^st Res. at 6140 – 6200 & 2^nd Res. At 6230 – 6290.

Strategy:

[1]  Open short below 6110 with stop loss 6200 for targets 6070 – 6020 – 5980 - 5930. 

           

               

[2]  Open long above 6110 with stop loss 6020 for targets  6140 – 6200 – 6230 – 6290.

NIFTY :: OP = 5944.90 , HI = 6114.55 , LO = 5928.45 , CL = 6107.25.

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  5930 – 5960 – 6020 – 6050.

Nifty opened positive and traded expected. In first half Nifty registered low of 5867.80 than turned up and gave smart rally towards 6020. Nifty registered high of 6019.45 in second half but faced selling pressure near 6020 and on last day of the week Nifty lost some gain. Nifty gained 72 points (+ 1.24 %) 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 = 5877.60 , HI = 6019.45 , LO = 5867.80 , CL = 5944.00.