Once Again We Succeeds As Usual

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 5620 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 traded expected. In first half Nifty declined sharp below 5300 and registered low of 5254.05. Nifty took support near 5260 then tried to recover the losses and succeeded to do so. In this process Nifty gave smart move towards 5480 in second half. Nifty lost 36 points (- 0.66 %) and closed in red.

Once Again We Succeeds As Usual

Ø  We warned you in our weekly review of 21-07-2013 when Nifty closed at 6029.

Ø  Piz 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.

Our Success

      According to this Nifty registered high of 6093.35 on 23-07-2013 but not succeeded to sustain above 6070 so Nifty declined sharp and register low of 5255 on 22-08-2013.  Thus Nifty lost more than 800 points ( - 13 % ) in just 23 trading sessions ( 5 weeks ) after our warning.

o   Remember Nifty gained more than 500 points in last 4 weeks and closed in green each n every week, when we warned you.

                                                         For This Week

We expect now, Nifty will be traded with negative bias below 5480 and it would be decline towards 5390 – 5300. Other hand above 5480 Nifty will be traded with positive bias and it would be tries to touch 5570 – 5660.  Nifty have 1^st Sup. at 5440 – 5390 & 2^nd Sup. at 5350 – 5300 and Nifty find 1^st Res. at 5510 – 5570 & 2^nd Res. At 5600 – 5660.

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

Strategy:

[1]  Open short below 5480 with stop loss 5570 for targets 5440 – 5390 – 5350 - 5300. 

            

                        

[2]  Open long above 5480 with stop loss 5390 for targets  5510 – 5570 – 5600 – 5660.

NIFTY :: 5497.55 , HI = 5504.10 , LO = 5254.05 , CL = 5471.75.

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 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 opened positive and traded expected. In first half Nifty registered high of 5754.55 and achieved our both upside targets but faced resistance near 5750. On Friday Nifty turned back towards our shorting level and declined sharp to achieve our 1^st down side target and registered low of 5496.05 in second half. Nifty lost 57 points (- 1.04 %) 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.

Strategy:

[1]  Open short below 5530 with stop loss 5620 for targets 5480 – 5440 – 5390 - 5350. 

            

                        

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

NIFTY :: OP = 5606.70 , HI = 5754.55 , LO = 5496.05 , CL = 5507.85.

Weekly Review....Once Again We Succeeds As Usual

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 5721.00 than declined sharp below 5500 and achieved our both down side targets and registered low of 5486.85. Nifty took support near 5480 and tried to recover losses in second half. Nifty lost massive 112 points (- 1.98 %) and closed in red.

Once Again We Succeeds As Usual

Ø  We warned you in our weekly review of 21-07-2013 when Nifty closed at 6029.

Ø  Piz 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.

Our Success

      Nifty declined sharp and register low of 5487.00 on 07-08-2013 from the high registered of 6093.35 on 23-07-2013.  Thus Nifty lost more than 600 points in just 12 trading sessions.

o   Remember Nifty gained more than 500 points in last 4 weeks and closed in green each n every week when we warned you.

                                                         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.

This is the small & truncated week with holiday on Thursday. Hence we expect volatility to remain in the market, so be cautious and trade carefully.

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 = 5682.40 , HI = 5721.00 , LO – 5486.85 , CL = 5565.65.

Weekly Review....Once Again We Succeeds As Usual

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 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 opened negative and traded expected. In first half Nifty registered high of 5886.00 than declined sharp towards 5660 and achieved our both down side targets. Nifty traded weak and closed in red all days of the week. Nifty registered low of 5649.00 in second half. Nifty lost massive 198 points (- 3.54 %) and closed in red.

                                                   Once Again We Succeeds As Usual

Ø  We warned you in our weekly review of 21-07-2013 when Nifty closed at 6029.

Ø  Piz 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.

Our Success

      Nifty registered high of 6093.35 on 23-07-2013 than declined sharp and register low of 5649.00 on 02-08-2013.  Thus Nifty lost more than 400 points in just 8 trading sessions.

o   Remember Nifty gained more than 500 points in last 4 weeks and closed in green each n every week when we warned you.

                            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 Friday. Hence we expect volatility to remain in the market, so be cautious and trade carefully.

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 = 5869.95 , HI = 5886.00 , LO = 5649.00 , CL = 5677.90.