Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.   “   We suggested Strategy:   [1]  Open short below 7510 with stop loss 7600 for targets 7460 – 7420 – 7370 - 7330.   [2]  Open long above 7510 with stop loss 7420 for targets  7550 – 7600 – 7640 – 7690.

Nifty opened flat and traded expected. On Monday Nifty registered low of 7441.60 and almost achieved our 1^st down side target. After that Nifty turned up towards our buying level and registered high of 7593.35 and achieved our 1^st upside target. Once again Nifty failed to sustain above 7550 and declined sharp below 7500 in second half. Nifty lost 02 points (- 0.04 %) and closed in red.                                                      

                                For This Week

We expect same, Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.  Nifty have 1^st Sup. at 7490 – 7460 & 2^nd Sup. at 7400 – 7370 and Nifty find 1^st Res. at 7550 – 7600 & 2^nd Res. At 7640 – 7690.

Ø  Plz keep close eye on 7550 level, in any situations if Nifty fails to sustain above 7550 than it will be in big-big trouble in upcoming weeks and it would be decline towards 7100.

Strategy:

[1]  Open short below 7510 with stop loss 7600 for targets 7460 – 7400 – 7370 - 7310. 

            

                                     

[2]  Open long above 7510 with stop loss 7400 for targets  7550 – 7600 – 7640 – 7690.

NIFTY :: OP = 7514.00 , HI = 7593.35 , LO = 7441.60 , CL = 7508.80.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.   “   We suggested Strategy:   [1]  Open short below 7550 with stop loss 7640 for targets 7490 – 7460 – 7400 - 7370.   [2]  Open long above 7550 with stop loss 7460 for targets  7600 – 7640 – 7690 – 7730.

Nifty opened negative and traded expected. In first half Nifty declined below 7500 and registered low of 7487.55. Nifty almost achieved our 1^st down side then turned up towards our buying level and gave rally above 7650. Nifty achieved our 1^st upside target and registered high of 7663 in second half but failed to retain the gains. So once again Nifty declined sharp below 7550. Nifty lost 30 points (- 0.41 %) and closed in red.                                                      

                                For This Week

We expect same, Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.  Nifty have 1^st Sup. at 7490 – 7460 & 2^nd Sup. at 7400 – 7370 and Nifty find 1^st Res. at 7550 – 7600 & 2^nd Res. At 7640 – 7690.

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 below statement

Ø  Plz keep close eye on 7550 level, in any situations if Nifty fails to sustain above 7550 than it will be in big-big trouble in upcoming weeks and it should be decline very sharp towards 7100. Other hand once Nifty succeeds to move above and sustain above 7550 than it is very good for the market and bright chance for Nifty to register new high in upcoming weeks.

Strategy:

[1]  Open short below 7510 with stop loss 7600 for targets 7460 – 7420 – 7370 - 7330. 

            

                                     

[2]  Open long above 7510 with stop loss 7420 for targets  7550 – 7600 – 7640 – 7690.

NIFTY :: OP = 7534.80 , HI = 7663.00 , LO = 7487.55 , CL = 7511.45.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.   “   We suggested Strategy:   [1]  Open short below 7550 with stop loss 7640 for targets 7490 – 7460 – 7400 - 7370.   [2]  Open long above 7550 with stop loss 7460 for targets  7600 – 7640 – 7690 – 7730.

Nifty opened positive and traded expected. In first half Nifty succeeded to sustain above 7550 and registered high of 7700.05. After that Nifty turned back and declined sharp towards our buying level 7550 and registered low of 7525.25 In second half. Nifty lost 41 points (- 0.54 %) and closed in red.                                                      

                                       For This Week

We expect same for this week, Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.  Nifty have 1^st Sup. at 7490 – 7460 & 2^nd Sup. at 7400 – 7370 and Nifty find 1^st Res. at 7600 – 7640 & 2^nd Res. At 7690 – 7730.

Ø  Plz keep close eye on 7550 level, in any situations if Nifty fails to sustain above 7550 than it will be in big-big trouble in upcoming weeks and it should be decline very wsharp towards 7100. Other hand once Nifty succeeds to move above and sustain above 7550 than it is very good for the market and bright chance for Nifty to register new high in upcoming weeks.

Strategy:

[1]  Open short below 7550 with stop loss 7640 for targets 7490 – 7460 – 7400 - 7370. 

            

                                     

[2]  Open long above 7550 with stop loss 7460 for targets  7600 – 7640 – 7690 – 7730.

NIFTY :: OP = 7621.65 , HI = 7700.05 , LO = 7525.35 , CL = 7542.10.

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 7240 with stop loss 7330 for targets 7190 – 7150 – 7100 - 7060.   [2]  Open long above 7240 with stop loss 7150 for targets  7280 – 7310 – 7370 – 7400.

Nifty opened positive and traded expected. In first half Nifty registered low of 7239.50 at our buying level and then turned up and gave smart rally above 7550. Nifty achieved our both upside targets and registered high of 7592.70 In second half. Nifty gained massive 353 points (+ 4.89 %) and closed in green.                                                      

                                     For This Week

We expect now, Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730.  Nifty have 1^st Sup. at 7490 – 7460 & 2^nd Sup. at 7400 – 7370 and Nifty find 1^st Res. at 7600 – 7640 & 2^nd Res. At 7690 – 7730.

Ø  Plz keep close eye on 7550 level, in any situations if Nifty fails to sustain above 7550 than it will be in big-big trouble in upcoming weeks and it should be decline very sharp towards 7100. Other hand once Nifty succeeds to move above and sustain above 7550 than it is very good for the market and bright chance for Nifty to register new high in upcoming weeks.

Strategy:

[1]  Open short below 7550 with stop loss 7640 for targets 7490 – 7460 – 7400 - 7370. 

            

                                     

[2]  Open long above 7550 with stop loss 7460 for targets  7600 – 7640 – 7690 – 7730.

NIFTY :: OP = 7264.05 , HI = 7592.70 , LO = 7239.50 , CL = 7583.40.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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.   “   We suggested 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 opened positive and traded expected. Nifty registered high of 7504.00 and faced resistance near 7550 in first half. After that Nifty turned back towards our shorting level and declined sharp towards 7100 once again. Nifty achieved our both down side targets and registered low of 7118.45 In second half. Nifty lost massive 137 points (- 1.86 %) and closed in red.                                                      

                             For This Week

We expect now, 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.  Nifty have 1^st Sup. at 7150 – 7100 & 2^nd Sup. at 7060 – 7010 and Nifty find 1^st Res. at 7280 – 7310 & 2^nd Res. At 7370 – 7400.

Strategy:

[1]  Open short below 7240 with stop loss 7330 for targets 7190 – 7150 – 7100 - 7060. 

            

                                     

[2]  Open long above 7240 with stop loss 7150 for targets  7280 – 7310 – 7370 – 7400.

NIFTY :: OP = 7428.75 , HI = 7504.00 , LO = 7118.45 , CL = 7229.95.