Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.   “   We suggested Strategy:   [1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030.   [2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

Nifty opened positive and traded expected. In first half Nifty registered high of 8364.75 and achieved our 1^st upside target. After that Nifty declined very sharp towards 8180 and registered low of 8147.95 in second half. Nifty lost 24 points ( - 0.30 %) and closed in red. 

                             

                              For This Week

We expect same, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.  Nifty have 1^st Sup. at 8120 – 8090 & 2^nd Sup. at 8030 – 8000 and Nifty find 1^st Res. at 8230 – 8270 & 2^nd Res. At 8320 – 8360.

Strategy:

[1]  Open short below 8180 with stop loss 8270 for targets 8120 – 8090 – 8030 - 8000. 

                                                 

[2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 – 8320 – 8360.

NIFTY :: OP = 8255.00     , HI = 8364.75 , LO = 8147.95 , CL = 8200.70.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450.   “   We suggested Strategy:   [1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030.   [2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

Nifty opened negative and traded expected. In first half Nifty declined very sharp below 8000 and achieved our both down side targets and registered low of 7961.35 Nifty took support near 8000 then turned up and recover all losses and registered high of 8263.45 in second half. Nifty gained 1 points ( - 0.01 %) and closed flat. 

                              

                             For This Week

We expect, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.  Nifty have 1^st Sup. at 8180 – 8120 & 2^nd Sup. at 8090 – 8030 and Nifty find 1^st Res. at 8270 – 8320 & 2^nd Res. At 8360 – 8410.

Strategy:

[1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030. 

                                                 

[2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

NIFTY :: OP = 8160.75     , HI = 8263.45 , LO = 7961.35 , CL = 8225.20.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720.   “   We suggested Strategy:   [1]  Open short below 8540 with stop loss 8630 for targets 8480 – 8450 – 8390 - 8360.   [2]  Open long above 8540 with stop loss 8450 for targets  8570 – 8630 – 8660 – 8720.

Nifty opened flat and traded expected. In first half Nifty registered high of 8546.35 then declined very sharp towards 8200 and achieved our both down side targets. Once Nifty breach 8450 it felt very sharp and lost 250 points in 4 trading sessions and registered low of 8216.30 in second half. Nifty lost massive 314 points ( - 3.68 %) and closed week in red. 

                              

                              For This Week

We expect, Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450.  Nifty have 1^st Sup. at 8180 – 8120 & 2^nd Sup. at 8090 – 8030 and Nifty find 1^st Res. at 8270 – 8320 & 2^nd Res. At 8360 – 8410.

Strategy:

[1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030. 

                                                 

[2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

NIFTY :: OP = 8538.65     , HI = 8546.35 , LO = 8216.30 , CL = 8224.10.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720.   “   We suggested Strategy:   [1]  Open short below 8590 with stop loss 8680 for targets 8540 – 8500 – 8450 - 8410.   [2]  Open long above 8590 with stop loss 8500 for targets  8630 – 8660 – 8720 – 8750.

Nifty opened positive and traded expected. In first half Nifty registered low of 8504.65 and achieved our 1^st down side target. Nifty took support near 8500, then turned up and registered high of 8626.95 but faced resistance near 8630 so once again Nifty declined below 8540 in second half. Nifty lost 49 points ( - 0.58 %) and closed in red. 

                              

                              For This Week

We expect, Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720.  Nifty have 1^st Sup. at 8480 – 8450 & 2^nd Sup. at 8390 – 8360 and Nifty find 1^st Res. at 8570 – 8630 & 2^nd Res. At 8660 – 8720.

Strategy:

[1]  Open short below 8540 with stop loss 8630 for targets 8480 – 8450 – 8390 - 8360. 

                                                 

[2]  Open long above 8540 with stop loss 8450 for targets  8570 – 8630 – 8660 – 8720.

NIFTY :: OP = 8605.10     , HI = 8626.95 , LO = 8504.65 , CL = 8538.30.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630.   “   We suggested Strategy:   [1]  Open short below 8450 with stop loss 8540 for targets 8410 – 8360 – 8320 - 8270.   [2]  Open long above 8450 with stop loss 8360 for targets  8500 – 8540 – 8590 – 8630.

Nifty opened positive and traded expected. In first half Nifty achieved our 1^st upside target but not succeeded to sustain above 8540, so Nifty turned back towards our buying level and registered low of 8429.45. Nifty took support near 8450 and then gave smart rally above 8600 and achieved our both upsides target and registered high of 8617.00 in second half. Nifty gained 94 points ( + 1.11 %) and closed in green. 

                              

                                For This Week

We expect, Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720.  Nifty have 1^st Sup. at 8540 – 8500 & 2^nd Sup. at 8450 – 8410 and Nifty find 1^st Res. at 8630 – 8660 & 2^nd Res. At 8720 – 8750.

Ø  Plz keep close eye on 8450 level, in any situations if Nifty fails to cross and sustains above 8450 than it will be in big-big trouble in upcoming weeks. “   Nifty find strong resistance near 8450 so use this opportunity to open Short with Sl 8540 for minimum 400 – 800 points downfall.. “

RESULT: As per our above statement Nifty crosses and sustained above 8450 constant 5 days and only after that Nifty able to move towards 8600.

Strategy:

[1]  Open short below 8590 with stop loss 8680 for targets 8540 – 8500 – 8450 - 8410. 

                                    

          

                

[2]  Open long above 8590 with stop loss 8500 for targets  8630 – 8660 – 8720 – 8750.

NIFTY :: OP = 8490.95     , HI = 8617.00 , LO = 8429.45 , CL = 8588.25.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540.   “   We suggested Strategy:   [1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 – 8230 - 8180.   [2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 – 8500 – 8540.

Nifty opened negative and traded expected. In first half Nifty achieved our 1^st upside target but not succeeded to sustain above 8450.00, So Nifty turned back towards our buying level and registered low of 8349.10. Again Nifty achieved our 1^st upside target and registered high of 8489.80 in second half. Nifty gained 87 points ( + 1.04 %) and closed in green. 

                              

                                                              For This Week

We expect, Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630.  Nifty have 1^st Sup. at 8410 – 8360 & 2^nd Sup. at 8320 – 8270 and Nifty find 1^st Res. at 8500 – 8540 & 2^nd Res. At 8590 – 8630.

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

We continue with our below strategy :

Ø  Plz keep close eye on 8450 level, in any situations if Nifty fails to cross and sustains above 8450 than it will be in big-big trouble in upcoming weeks. “   Nifty find strong resistance near 8450 so use this opportunity to open Short with Sl 8540 for minimum 400 – 800 points downfall.. “

[1]  Open short below 8450 with stop loss 8540 for targets 8410 – 8360 – 8320 - 8270. 

                                                 

[2]  Open long above 8450 with stop loss 8360 for targets  8500 – 8540 – 8590 – 8630.

NIFTY :: OP = 8378.40     , HI = 8489.80 , LO = 8349.10 , CL = 8477.35.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540.   “   We suggested Strategy:   [1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 – 8230 - 8180.   [2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 – 8500 – 8540.

Nifty opened flat and traded expected. In first half Nifty registered high of 8415.05 but failed to sustain above 8410.00, So Nifty turned back and declined towards 8300 in second half and registered low of 8304.45. Nifty gained 52 points ( + 0.63 %) and closed in green. 

                              

                              For This Week

We expect same, Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540.  Nifty have 1^st Sup. at 8320 – 8270 & 2^nd Sup. at 8230 – 8180 and Nifty find 1^st Res. at 8410 – 8450 & 2^nd Res. At 8500 – 8540.

1. Ø  Plz keep close eye on 8450 level, in any situations if Nifty fails to cross and sustains above 8450 than it will be in big-big trouble in upcoming weeks. “   Nifty find strong resistance near 8450 so use this opportunity to open Short with Sl 8540 for minimum 400 – 800 points downfall.. “

[1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 – 8230 - 8180. 

                                

                 

[2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 – 8500 – 8540.

NIFTY :: OP = 8337.80     , HI = 8415.05 , LO = 8304.45 , CL = 8389.90.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450.   “   We suggested Strategy:   [1]  Open short below 8320 with stop loss 8410 for targets 8270 – 8230 – 8180 - 8140.   [2]  Open long above 8320 with stop loss 8230 for targets  8360 – 8410 – 8450 – 85.

Nifty opened positive and traded expected. In first half Nifty registered high of 8365.55 but failed to sustain above 8360, So Nifty turned back and declined towards 8270 in second half and registered low of 8290.25. Nifty gained 14 points ( + 0.18 %) and closed in green. 

                              

                             For This Week

We expect, Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540.  Nifty have 1^st Sup. at 8320 – 8270 & 2^nd Sup. at 8230 – 8180 and Nifty find 1^st Res. at 8410 – 8450 & 2^nd Res. At 8500 – 8540.

Strategy:

[1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 – 8230 - 8180. 

            

                                     

[2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 – 8500 – 8540.

NIFTY :: OP = 8348.15 , HI = 8365.55 , L0 = 8290.25 , CL = 8337.00.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.   “   We suggested Strategy:   [1]  Open short below 8000 with stop loss 8090 for targets 7960 – 7910 – 7870 - 7820.   [2]  Open long above 8000 with stop loss 7910 for targets  8030 – 8090 – 8120 – 8180.

Nifty opened positive and traded expected. In first half Nifty registered low of 7985.65 than turned up and gave smart rally above 8300. Nifty registered high of 8330.75 in second half. Nifty registered life time high and gained massive 307 points ( + 3.84 %) and closed in green. 

                              

                               For This Week

We expect, Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450.  Nifty have 1^st Sup. at 8270 – 8230 & 2^nd Sup. at 8180 – 8140 and Nifty find 1^st Res. at 8360 – 8410 & 2^nd Res. At 8450 – 8500.

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

Strategy:

[1]  Open short below 8320 with stop loss 8410 for targets 8270 – 8230 – 8180 - 8140. 

            

                                     

[2]  Open long above 8320 with stop loss 8230 for targets  8360 – 8410 – 8450 – 8500.

NIFTY :: OP = 8064.35 , HI = 8330.75 , L0 = 7985.65 , CL = 8322.20.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7820 and it would be declines towards 7730 – 7640. Other hand above 7820 Nifty will be traded with positive bias and it would be tries to touch 7910 – 8000.   “   We suggested Strategy:   [1]  Open short below 7780 with stop loss 7870 for targets 7730 – 7690 – 7640 - 7600.   [2]  Open long above 7780 with stop loss 7690 for targets  7820 – 7850 – 7910 – 7940.

Nifty opened with gape up and traded expected. In first half Nifty registered low of 7856.95 then turned up and gave smart rally above 8000. Nifty registered high of 8031.75 in second half and gained massive 234 points ( + 3.02 %) and closed in green. 

                              

                                 For This Week

We expect, Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.  Nifty have 1^st Sup. at 7960 – 7910 & 2^nd Sup. at 7870 – 7820 and Nifty find 1^st Res. at 8030 – 8090 & 2^nd Res. At 8120 – 8180.

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 8000 with stop loss 8090 for targets 7960 – 7910 – 7870 - 7820. 

            

                                     

[2]  Open long above 8000 with stop loss 7910 for targets  8030 – 8090 – 8120 – 8180.

NIFTY :: OP = 7896.95 , HI = 8031.75 , L0 = 7856.95 , CL = 8014.55.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7910 and it would be declines towards 7820 – 7730. Other hand above 7910 Nifty will be traded with positive bias and it would be tries to touch 8000 – 8090.   “   We suggested Strategy:   [1]  Open short below 7870 with stop loss 7960 for targets 7820 – 7780 – 7730 - 7690.   [2]  Open long above 7870 with stop loss 7780 for targets  7910 – 7940 – 8000 – 8030.

Nifty opened negative and traded expected. In first half Nifty achieved our 1^st upside target and registered high of 7928 but not succeeded to sustain above 7910. After that Nifty turned back towards our shorting level and declined very sharp towards 7730. Nifty achieved our 1^st down side target and registered low of 7723.85 in second half.  Nifty lost 80 points ( - 1.02 %) and closed in red. 

                              

                               For This Week

We expect, Nifty will be traded with negative bias below 7820 and it would be declines towards 7730 – 7640. Other hand above 7820 Nifty will be traded with positive bias and it would be tries to touch 7910 – 8000.  Nifty have 1^st Sup. at 7730 – 7690 & 2^nd Sup. at 7640 – 7600 and Nifty find 1^st Res. at 7820 – 7850 & 2^nd Res. At 7910 – 7940.

Strategy:

[1]  Open short below 7780 with stop loss 7870 for targets 7730 – 7690 – 7640 - 7600. 

            

                                     

[2]  Open long above 7780 with stop loss 7690 for targets  7820 – 7850 – 7910 – 7940.

NIFTY :: OP = 7831.00 , HI = 7928.00 , L0 = 7723.85 , CL = 7779.70.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.   “   We suggested Strategy:   [1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 – 7820 - 7780.   [2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8030 – 8090 – 8120.

Nifty opened negative and traded expected. In first half Nifty achieved our 1^st down side target and registered low of 7815.75. Nifty took support at 7820 after that Nifty turned up and rallied towards our shorting level 7960 and registered high of 7972.35. Once again below our shorting level Nifty declined very sharp towards 7850 in second half.  Nifty lost 85 points ( - 1.08 %) and closed in red.  

                               

                               For This Week

We expect, Nifty will be traded with negative bias below 7910 and it would be declines towards 7820 – 7730. Other hand above 7910 Nifty will be traded with positive bias and it would be tries to touch 8000 – 8090.  Nifty have 1^st Sup. at 7820 – 7780 & 2^nd Sup. at 7730 – 7690 and Nifty find 1^st Res. at 7910 – 7940 & 2^nd Res. At 8000 – 8030.

Strategy:

[1]  Open short below 7870 with stop loss 7960 for targets 7820 – 7780 – 7730 - 7690. 

            

                                     

[2]  Open long above 7870 with stop loss 7780 for targets  7910 – 7940 – 8000 – 8030.

NIFTY :: OP = 7897.40 , HI = 7972.35 , L0 = 7815.75 , CL = 7859.95.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.   “   We suggested Strategy:   [1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 – 7820 - 7780.   [2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8030 – 8090 – 8120.

Nifty opened positive and traded expected. In first half Nifty achieved our 1^st upside target and registered high of 8030.90 but not succeeded to sustain above 8000. After that Nifty turned back and decline towards 7910. Nifty lost 23 points ( - 0.29 %) and closed in red in small & truncated week.

                              

                             For This Week

We expect same, Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.  Nifty have 1^st Sup. at 7910 – 7870 & 2^nd Sup. at 7820 – 7780 and Nifty find 1^st Res. at 8000 – 8030 & 2^nd Res. At 8090 – 8120.

Strategy:

[1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 – 7820 - 7780. 

            

                                     

[2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8030 – 8090 – 8120.

NIFTY :: OP = 7978.45 , HI = 8030.90 , L0 = 7923.85 , CL = 7945.55.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270.   “   We suggested Strategy:   [1]  Open short below 8090 with stop loss 8180 for targets 8050 – 8000 – 7960 - 7910.   [2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 – 8230 – 8270.

Nifty opened negative and traded expected. In first half Nifty registered high of 8159.90 but faced resistance near 8180. After that Nifty turned back towards our shorting level and declines sharp towards 7850. Nifty achieved our both down side targets and registered low of 7841.80 in second half. Nifty lost 152 points ( - 1.88 %) and closed in red.

                              

                              For This Week

We expect, Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820. Other hand above 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180.  Nifty have 1^st Sup. at 7960 – 7910 & 2^nd Sup. at 7870 – 7820 and Nifty find 1^st Res. at 8030 – 8090 & 2^nd Res. At 8120 – 8180.

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

Strategy:

[1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 – 7820 - 7780. 

            

                                     

[2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8030 – 8090 – 8120.

NIFTY :: OP = 8084.45 , HI = 8159.90 , L0 = 7841.80 , CL = 7968.85.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270.   “   We suggested Strategy:   [1]  Open short below 8090 with stop loss 8180 for targets 8050 – 8000 – 7960 - 7910.   [2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 – 8230 – 8270.

Nifty opened negative and traded expected. In first half Nifty declined sharp and registered low of 7925.25 and achieved our both down side targets. After that Nifty turned up towards our buying level and gave smart rally towards 8160. Nifty almost achieved our 1^st upside target and registered high of 8160.90 in second half. Nifty gained 15 points ( + 0.20 %) and closed in green.

                              

                               For This Week

We expect same, Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270.  Nifty have 1^st Sup. at 8050 – 8000 & 2^nd Sup. at 7960 – 7910 and Nifty find 1^st Res. at 8140 – 8180 & 2^nd Res. At 8230 – 8270.

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 8090 with stop loss 8180 for targets 8050 – 8000 – 7960 - 7910. 

            

                                     

[2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 – 8230 – 8270.

NIFTY :: OP = 8070.35 , HI = 8160.90 , L0 = 7925.15 , CL = 8121.45.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270.   “   We suggested Strategy:   [1]  Open short below 8090 with stop loss 8180 for targets 8050 – 8000 – 7960 - 7910.   [2]  Open long above 8090 with stop loss 8000 for targets  8120 – 8180 – 8210 – 8270.

Nifty opened positive and traded expected. In first half Nifty registered high of 8180.20 but not succeeded to close above it. So Nifty turned back and declined towards 8050.00 and registered low of 8057.30 in second half.  Anyhow Nifty succeeded to close above 8100 and gained 18 points ( + 0.23 %) and closed in green.

                              

                                For This Week

We expect same, Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270.  Nifty have 1^st Sup. at 8050 – 8000 & 2^nd Sup. at 7960 – 7910 and Nifty find 1^st Res. at 8140 – 8180 & 2^nd Res. At 8230 – 8270.

Strategy:

[1]  Open short below 8090 with stop loss 8180 for targets 8050 – 8000 – 7960 - 7910. 

            

                                     

[2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 – 8230 – 8270.

NIFTY :: OP = 8132.95 , HI = 8180.20 , L0 = 8057.30 , CL = 8105.50.