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 5600 – 5570 – 5510 - 5480.   [2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

Nifty opened negative and traded expected. In first half Nifty traded weak and registered low of 5566.25 and achieved our 1^st down side target. Nifty took support at 5570 and turned up towards our buying level and gave smart rally towards 5840 in second half. Nifty traded with strength and achieved our both upside targets and registered high of 5852.95. Nifty gained massive 174 points (+ 3.08 %) 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 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 = 5638.05 , HI 5852.95 , LO = 5566.25 , CL = 5842.20.

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 5800 with stop loss 5890 for targets 5750 – 5690 – 5660 - 5600.   [2]  Open long above 5800 with stop loss 5710 for targets  5840 – 5890 – 5930 – 5980.

Nifty opened positive and registered high of 5863.40 In first half but not succeeded to sustain above 5840. So Nifty turned back towards our shorting level and declined sharp towards 5600 and achieved our both down side targets Nifty registered low of 5616.85 in second half. Nifty lost 140 points (- 2.42 %) 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 5600 – 5570 & 2^nd Sup. at 5510 – 5480 and Nifty find 1^st Res. at 5710 – 5750 & 2^nd Res. At 5800 – 5840.

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

Strategy:

[1]  Open short below 5660 with stop loss 5750 for targets 5600 – 5570 – 5510 - 5480. 

            

              

[2]  Open long above 5660 with stop loss 5570 for targets  5710 – 5750 – 5800 – 5840.

NIFTY :: OP = 5820.40 , HI = 5863.40 , LO = 5616.85 , CL = 5667.65.

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 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690.   [2]  Open long above 5870 with stop loss 5800 for targets  5930 – 5980 – 6020 – 6070.

Nifty opened positive and traded expected. In first half Nifty registered high of 5931.65 but not succeeded to sustain above 5930. So Nifty turned back towards our shorting level and declined sharp towards 5660 and achieved our both down side targets and registered low of 5683.10 in second half. On last day of the week Nifty tried to recover losses and succeeds to close above 5800. Nifty lost 72 points (- 1.23 %) 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 5780 – 5750 & 2^nd Sup. at 5690 – 5660 and Nifty find 1^st Res. at 5840 – 5890 & 2^nd Res. At 5930 – 5980.

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

Strategy:

[1]  Open short below 5800 with stop loss 5890 for targets 5750 – 5690 – 5660 - 5600. 

            

              

[2]  Open long above 5800 with stop loss 5710 for targets  5840 – 5890 – 5930 – 5980.

NIFTY :: OP = 5907.90 , HI = 5931.65 , LO = 5683.10 , CL = 5808.40.

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 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 opened positive and traded expected. In first half Nifty registered high of 6011.00 but not succeeded to sustain above 6020. So Nifty turned back and declined sharp towards 5840 and achieved our 1^st down side target. Nifty registered low of 5869.50 in second half. Nifty lost 104 points (- 1.75 %) 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 5840 – 5780 & 2^nd Sup. at 5750 – 5690 and Nifty find 1^st Res. at 5930 – 5980 & 2^nd Res. At 6020 – 6070.

Strategy:

[1]  Open short below 5870 with stop loss 5980 for targets 5840 – 5780 – 5750 - 5690. 

            

              

[2]  Open long above 5870 with stop loss 5800 for targets  5930 – 5980 – 6020 – 6070.

NIFTY :: OP = 5997.35 , HI = 6011.00 , LO = 5869.50 , CL = 5881.00.

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 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 opened positive and traded expected. In first half Nifty traded with strength and registered high of 6133.75 and almost achieved our both upside targets. On last day of the week Nifty turned back and declined sharp towards 5980. Nifty registered low of 5975.55 and lost all the gains in second half. Nifty gained 02 points (+ 0.04 %) and closed in green.

                                  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 6020 – 6070 & 2^nd Res. At 6110 – 6160.

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 = 5989.40 , HI = 6133.75 , LO = 5975.55 , CL = 5985.95.