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 negative and traded expected. In first half Nifty registered high of 6093.35 but not succeeded to sustain above 6070. So Nifty turned back towards our shorting level and declined sharp towards 5870 and achieved our 1^st down side target. Nifty registered low of 5869.50 in second half. Nifty lost massive 143 points (- 2.37 %) 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 – 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 remains in the market on account of RBI Monetary policy. So be cautious and trade carefully in this week.

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 = 6009.75 , HI = 6093.35 , LO = 5869.50 , CL = 5886.20.

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 negative and traded expected.  In first half Nifty declined sharp towards 5900 and achieved our 1^st down side target and registered low of 5910.95. Nifty took support near 5930 then turned up and tried to recover losses and succeeded to turn in green. Nifty registered high of 6019.00 in second half and gained 20 points (+ 0.34 %) and closed in green.

                             For This Week

We expect same for this 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.  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.

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

Ø  Plz keep close eye on 6070 level, in any situations if Nifty fails to cross and sustains above 6070 than it will be in big-big trouble in upcoming weeks. Other hand once Nifty succeeds to move above and sustain above 6070 than it is very good for the market and bright chance for Nifty to register new high in upcoming weeks.

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 = 5991.20 , HI = 6051.10 , LO = 5910.95 , CL = 6029.20.

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 5780 – 5750 – 5690 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened with gape down and registered low of 5775.55 in first half but missed our 1^st down side target by few (25) points. In second half Nifty turned up and traded with strength and gave smart rally towards 6020. Nifty registered high of 6019.00 and hit our STOPLOSS FIRST TIME IN SO MANY YEARS. Nifty gained massive 141 points (+ 2.40 %) and closed in green.

                             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 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 = 5833.15 , HI = 6019.00 , LO = 5775.55 , CL = 6009.00.

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 5780 – 5750 – 5690 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5890 – 5930 – 5980 – 6020.

Nifty opened flat and traded expected. In first half Nifty registered high of 5904.35 than suddenly turned back and declined sharp towards 5750. Nifty registered low of 5760.40 and took support near 5750 then tried to recover the losses and heading towards 5900 and turned in green in second half. Nifty gained 25 points (+ 0.44 %) and closed in green.

                            For This Week

We expect same, 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 = 5834.10 , HI = 5904.35 , LO = 5760.40 , CL = 5867.90.