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 5960 – 5930 – 5870 - 5840.   [2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

Nifty opened negative and traded expected. In first half registered high of 5989.40 then turned back and declined sharp towards 5800. Nifty registered low of 5811.10 then tried to recover losses but faced resistance near 5930 so again Nifty declined towards 5800 in second half.  Nifty lost massive 178 points (- 2.98 %) and closed in red.

                              For This Week

We expect, 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 = 5945.80 , HI = 5989.40 , LO = 5811.10 , CL = 5833.20.

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 5800 – 5750 – 5710 - 5660.   [2]  Open long above 5840 with stop loss 5750 for targets  5870 – 5930 – 5960 – 6020.

Nifty opened positive and traded expected. In first half registered low of 5798.15 then turned up towards our buying level and gave smart rally towards 6140. Nifty achieved our both upside targets and registered high of 6142.50 in second half but faced strong resistance near 6110, So Nifty declined sharp towards 5930 on last day of the week. Nifty gained massive 161 points (+ 2.76 %) and closed in green.

                                                         For This Week

We expect, 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 6070 – 6110 & 2^nd Res. At 6160 – 6200.

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 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 - 5840. 

            

                        

[2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 5930.30 , HI = 6142.50 , LO = 5798.15 , CL = 6012.10.

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 with gape up near 5750 and traded expected. In first half Nifty registered low of 5738.20 then turned up and gave smart rally towards 5930. Nifty registered high of 5932.00 in second half but faced strong resistance at 5930 so Nifty declined sharp towards 5800 on last day of the week. Nifty gained massive 190 points (+ 3.00 %) and closed in green.

                            For This Week

We expect, 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 5800 – 5750 & 2^nd Sup. at 5710 – 5660 and Nifty find 1^st Res. at 5870 – 5930 & 2^nd Res. At 5960 – 6020.

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 5840 with stop loss 5930 for targets 5800 – 5750 – 5710 - 5660. 

            

                        

[2]  Open long above 5840 with stop loss 5750 for targets  5870 – 5930 – 5960 – 6020.

NIFTY :: OP = 5738.50 , HI = 5932.00 , LO = 5738.20 , CL = 5850.60.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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.   “   We suggested 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 opened positive and traded expected. In first half Nifty achieved our 1^st upside target than turned back towards our shorting level and declined sharp towards 5300. Nifty registered low of 5318.90 and achieved our both down side targets. After that Nifty tried to recover the losses and in this process Nifty turned up towards our buying level and gave smart rally towards 5660. Nifty achieved our both upside targets and registered high of 5688.60 in second half. Nifty gained massive 208 points (+ 3.81 %) and closed in green.

                            For This Week

We expect, 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 Monday. 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 = 5480.25 , HI = 5688.60 , LO = 5318.90 , CL = 5680.40.

Once Again We Succeeds As Usual

JAY SWAMINARAYAN

We said last week   “   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.   “   We suggested 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 opened positive and traded expected. In first half Nifty registered high of 5528.70 than turned back towards our shorting level and declined sharp towards 5100. Nifty achieved our both down side targets and registered low of 5118.85 and took support at 5120 then tried to recover the losses and succeeded to do so. In this process Nifty gave smart up move towards 5480 in second half and closed flat.

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 on 23-07-2013 but not succeeded to sustain above 6070 so Nifty declined sharp and register low of 5119 on 28-08-2013.  Thus Nifty lost more than 950 points ( - 16 % ) in just 27 trading sessions ( 6 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 same for this week, 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.

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 :: OP = 5499.40 , HI = 5528.70 , LO = 5118.85 , CL = 5471.80.