Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7190 and it would be declines towards 7100 – 7010. Other hand above 7190 Nifty will be traded with positive bias and it would be tries to touch 7280 – 7370.   “   We suggested Strategy:   [1]  Open short below 7190 with stop loss 7280 for targets 7150 – 7100 – 7060 - 7010.   [2]  Open long above 7190 with stop loss 7100 for targets  7240 – 7280 – 7330 – 7370.

Nifty opened positive and traded expected. In first half Nifty registered low of 7193.55 then turned up and gave smart rally towards 7370.00. Nifty achieved our both upside targets and registered high of 7381.00 In second half. Nifty gained massive 164 points (+ 2.28 %) and closed in green. 

               

                                      

                                For This Week

We expect now, Nifty will be traded with negative bias below 7370 and it would be declines towards 7280 – 7190. Other hand above 7370 Nifty will be traded with positive bias and it would be tries to touch 7460 – 7550.  Nifty have 1^st Sup. at 7310 – 7280 & 2^nd Sup. at 7220 – 7190 and Nifty find 1^st Res. at 7400 – 7460 & 2^nd Res. At 7490 – 7550.

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 7370 with stop loss 7460 for targets 7310 – 7280 – 7220 - 7190. 

            

                                     

[2]  Open long above 7370 with stop loss 7280 for targets  7400 – 7460 – 7490 – 7550.

NIFTY :: OP = 7276.85 , HI = 7381.00 , LO = 7193.55 , CL = 7367.10.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6830 and it would be decline towards 6740 – 6650. Other hand above 6830 Nifty will be traded with positive bias and it would be tries to touch 6920 – 7010.   “   We suggested Strategy:   [1]  Open short below 6830 with stop loss 6920 for targets 6770 – 6740 – 6680 - 6650.   [2]  Open long above 6830 with stop loss 6740 for targets  6880 – 6920 – 6970 – 7010.

Nifty opened positive and traded with strength during the week. In first half Nifty gave smart rally towards 7190 then consolidate and took support near 7100 before big event. On Friday Nifty climbed above 7500 and registered high of 7563.50 but faced resistance near 7550 so it turned back towards 7100 again.  Nifty gained massive 344 points (+ 5.02 %) and closed in green.                                                      

                                       For This Week

We expect now, Nifty will be traded with negative bias below 7190 and it would be decline towards 7100 – 7010. Other hand above 7190 Nifty will be traded with positive bias and it would be tries to touch 7280 – 7370.  Nifty have 1^st Sup. at 7150 – 7100 & 2^nd Sup. at 7060 – 7010 and Nifty find 1^st Res. at 7240 – 7280 & 2^nd Res. At 7330 – 7330.

Strategy:

[1]  Open short below 7190 with stop loss 7280 for targets 7150 – 7100 – 7060 - 7010. 

            

                                     

[2]  Open long above 7190 with stop loss 7100 for targets  7240 – 7280 – 7330 – 7370.

NIFTY :: OP = 6863.40 , HI = 7563.50 , LO = 6862.90 , CL = 7203.00.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 6740 and it would be decline towards 6650 – 6560. Other hand above 6740 Nifty will be traded with positive bias and it would be tries to touch 6830 – 6920.   “   We suggested Strategy:   [1]  Open short below 6700 with stop loss 6790 for targets 6650 – 6610 – 6560 - 6520.  [2]  Open long above 6700 with stop loss 6610 for targets  6740 – 6790 – 6830 – 6880.

Nifty opened negative and traded weak in first half and registered low of 6638.55. Nifty took support near 6650 then turned up towards our buying level and gave smart rally towards 6880 on Friday. Nifty traded with strength and achieved our both upside targets and registered high of 6871.55 in second half. Nifty gained massive 164 points (+ 2.40 %) and closed in green.                                                      

                                        For This Week

We expect now, Nifty will be traded with negative bias below 6830 and it would be decline towards 6740 – 6650. Other hand above 6830 Nifty will be traded with positive bias and it would be tries to touch 6920 – 7010.  Nifty have 1^st Sup. at 6770 – 6740 & 2^nd Sup. at 6680 – 6650 and Nifty find 1^st Res. at 6880 – 6920 & 2^nd Res. At 6970 – 7010.

Strategy:

[1]  Open short below 6830 with stop loss 6920 for targets 6770 – 6740 – 6680 - 6650. 

            

                                     

[2]  Open long above 6830 with stop loss 6740 for targets  6880 – 6920 – 6970 – 7010.

NIFTY :: OP = 6681.65 , HI = 6871.35 , LO = 6638.55 , CL = 6858.80.

Weekly Review

JAY SWAMINARAYAN

Dear Friend our sir Mr. Girish Amin is back from USA recently and now once again we start our weekly review regular for you. We received lots of email & phone calls from you in last 5 months. All of you asked about Mr. Girish Amin and his review on market. Now it is our turn to say thanks to all of you for your trust & interest in us.

Last week Nifty opened negative and traded expected. In first half Nifty registered high of 6786.25 then declined sharp and registered low of 6656.80. Nifty closed in red every day of the week and  lost 87 points ( - 1.30 %).

                                                     

                                                              For This Week

We expect, Nifty will be traded with negative bias below 6740 and it would be decline towards 6650 – 6560. Other hand above 6740 Nifty will be traded with positive bias and it would be tries to touch 6830 – 6920.  Nifty have 1^st Sup. at 6650 – 6610 & 2^nd Sup. at 6560 – 6520 and Nifty find 1^st Res. at 6740 – 6790 & 2^nd Res. At 6830 – 6880.

Strategy:

[1]  Open short below 6700 with stop loss 6790 for targets 6650 – 6610 – 6560 - 6520. 

            

                                     

[2]  Open long above 6700 with stop loss 6610 for targets  6740 – 6790 – 6830 – 6880.

NIFTY :: OP = 6778.55 , HI = 6786.25 , LO = 6656.80 , CL = 6694.80.