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 6050 with stop loss 6140 for targets 6020 – 5960 – 5930 - 5870.   [2]  Open long above 6050 with stop loss 5960 for targets  6070 – 6110 – 6160 – 6200.

Nifty opened positive and traded expected. In first half Nifty achieved our both upside targets and registered high of 6212.40. After that Nifty turned back towards our shorting level and declined sharp towards 5960. Nifty registered low of 5972.80 and achieved our 1^st down side target in second half.  Nifty lost 60 points ( - 1.00 %) and closed in red.

                                        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 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 = 6111.05 , HI = 6212.40 , LO = 5972.80 , CL = 5995.45.

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 6140 with stop loss 6230 for targets 6110 – 6050 – 6020 - 5960.   [2]  Open long above 6140 with stop loss 6050 for targets  6160 – 6200 – 6250 – 6290.

Nifty opened negative and traded expected. In first half Nifty registered high of 6141.65 then turned back and declined sharp towards 5930. Nifty registered low of 5972.45 and achieved our both down side targets in second half.  Nifty lost 84 points ( - 1.38 %) 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 6070 – 6110 & 2^nd Res. At 6160 – 6200.

Strategy:

[1]  Open short below 6050 with stop loss 6140 for targets 6020 – 5960 – 5930 - 5870. 

            

                                     

[2]  Open long above 6050 with stop loss 5960 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 6110.40 , HI = 6141.65 , LO = 5972.45 , CL = 6056.15.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6290 and it would be decline towards 6200 – 6110. Other hand above 6290 Nifty will be traded with positive bias and it would be tries to touch 6380 – 6470.   “   We suggested Strategy:   [1]  Open short below 6290 with stop loss 6380 for targets 6250 – 6200 – 6160 - 6110.   [2]  Open long above 6290 with stop loss 6200 for targets  6340 – 6380 – 6430 – 6470.

Nifty opened negative and traded expected. In first half Nifty registered high of 6304.75 then turned back and declined sharp towards 6110. Nifty registered low of 6120.95 and achieved our both down side targets in second half.  Nifty lost massive 176 points ( - 2.80 %) and closed in red. 

                                              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 6110 – 6050 & 2^nd Sup. at 6020 – 5960 and Nifty find 1^st Res. at 6160 – 6200 & 2^nd Res. At 6250 – 6290.

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 6140 with stop loss 6230 for targets 6110 – 6050 – 6020 - 5960. 

            

                                     

[2]  Open long above 6140 with stop loss 6050 for targets  6160 – 6200 – 6250 – 6290.

NIFTY :: OP = 6282.15 , HI = 6304.75 , LO = 6120.95 , CL = 6140.75.

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 6160 with stop loss 6250 for targets 6110 – 6070 – 6020 - 5980.   [2]  Open long above 6160 with stop loss 6070 for targets  6200 – 6230 – 6290 – 6320.

Nifty opened positive and traded expected. In first half Nifty registered low of 6079.20 and achieved our 1^st down side target then tried to recover losses and in this process Nifty turned up towards buying level and gave smart rally above 6300. Nifty registered high of 6342.95 and achieved our both upside targets in second half.  Nifty gained massive 167 points ( + 2.81 %) and closed in green.

Dear Reader,                  We as a Devsaty stocks would like to take this opportunity to wish you and your family a very Happy Diwali & prosperous New Year. May GOD fulfill all your wishes in wealth, health and happiness in your life.

    

&

                                                         For This Week

We expect now, Nifty will be traded with negative bias below 6290 and it would be decline towards 6200 – 6110. Other hand above 6290 Nifty will be traded with positive bias and it would be tries to touch 6380 – 6470.  Nifty have 1^st Sup. at 6250 – 6200 & 2^nd Sup. at 6160 – 6110 and Nifty find 1^st Res. at 6340 – 6380 & 2^nd Res. At 6430 – 6470.

Strategy:

[1]  Open short below 6290 with stop loss 6380 for targets 6250 – 6200 – 6160 - 6110. 

            

                        

[2]  Open long above 6290 with stop loss 6200 for targets  6340 – 6380 – 6430 – 6470.

NIFTY :: OP = 6155.10 , HI = 6342.95 , LO = 6079.20 , CL = 6317.35.