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 7910 with stop loss 8000 for targets 7850 – 7820 – 7760 - 7730.   [2]  Open long above 7910 with stop loss 7820 for targets  7960 – 8000 – 8050 – 8090.

Nifty opened positive and traded expected. In first half Nifty registered low of 7862.45 than turned up towards 7960.00. Nifty traded range bound in F & O expiry week and registered high of 7968.25 in second half.  Nifty gained 41 points ( + 0.52 %) and closed in green.

                              

                             For This Week

We expect same, 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 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 = 7931.75 , HI = 7968.25 , LO = 7862.45 , CL = 7954.35.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7730 and it would be declines towards 7640 – 7550. Other hand above 7730 Nifty will be traded with positive bias and it would be tries to touch 7820 – 7910.   “   We suggested Strategy:   [1]  Open short below 7780 with stop loss 7850 for targets 7730 – 7690 – 7640 - 7600.   [2]  Open long above 7780 with stop loss 7690 for targets  7820 – 7850 – 7910 – 7940.

Nifty opened flat and traded expected. In first half Nifty registered low of 7779.20 than turned up and gave smart rally above 7910.00. Nifty achieved our both upside targets and registered high of 7929.05 in second half.  Nifty gained massive 121 points ( + 1.56 %) and closed in green.

                              

                              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 7850 – 7820 & 2^nd Sup. at 7760 – 7730 and Nifty find 1^st Res. at 7960 – 8000 & 2^nd Res. At 8050 – 8090.

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 7910 with stop loss 8000 for targets 7850 – 7820 – 7760 - 7730. 

            

                                     

[2]  Open long above 7910 with stop loss 7820 for targets  7960 – 8000 – 8050 – 8090.

NIFTY :: OP = 7785.25 , HI = 7929.05 , LO = 7779.20 , CL = 7913.20.

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 7510 – 7460 – 7420 - 7370.   [2]  Open long above 7550 with stop loss 7460 for targets  7580 – 7640 – 7670 – 7730.

Nifty opened with gape up and traded expected. In first half Nifty registered low of 7598.60 than turned up and gave smart rally towards 7800.00. Nifty traded with strength and closed in green all the days of the week and registered high of 7796.70 in second half.  Nifty gained massive 223 points ( + 2.95 %) and closed in green.

                              

                                For This Week

We expect, Nifty will be traded with negative bias below 7730 and it would be declines towards 7640 – 7550. Other hand above 7730 Nifty will be traded with positive bias and it would be tries to touch 7820 – 7910.  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 7850 for targets 7730 – 7690 – 7640 - 7600. 

            

                                     

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

NIFTY :: OP = 7619.85 , HI = 7796.70 , LO = 7598.60 , CL = 7791.70.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 7640 and it would be declines towards 7550 – 7460. Other hand above 7640 Nifty will be traded with positive bias and it would be tries to touch 7730 – 7800.   “   We suggested Strategy:   [1]  Open short below 7600 with stop loss 7690 for targets 7580 – 7550 – 7490 - 7460.   [2]  Open long above 7600 with stop loss 7510 for targets  7640 – 7690 – 7730 – 7780

Nifty opened positive and traded expected. In first half Nifty registered high of 7752.45 than turned back towards our shorting level and declined sharp towards 7550. Nifty achieved our 1^st down side target and registered low of 7540.10 in second half. Nifty lost 34 points ( - 0.45 %) and closed in red.

                              

                                 For This Week

We expect, 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 7510 – 7460 & 2^nd Sup. at 7420 – 7370 and Nifty find 1^st Res. at 7580 – 7640 & 2^nd Res. At 7670 – 7730.

Ø  Plz keep close eye on 7550 level. If Nifty fails to sustains above 7550 in any situations than it will be in big-big trouble in upcoming Months and it would be decline very sharp towards 7100 – 6650. 

Strategy:

[1]  Open short below 7550 with stop loss 7640 for targets 7510 – 7460 – 7420 - 7370. 

            

                        

[2]  Open long above 7550 with stop loss 7460 for targets  7580 – 7640 – 7670 – 7730.

NIFTY :: OP = 7639.55 , HI = 7752.45 , LO = 7540.10 , CL = 7568.55.

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 7820 with stop loss 7910 for targets 7760 – 7730 – 7670 - 7640.   [2]  Open long above 7820 with stop loss 7730 for targets  7850 – 7910 – 7940 – 8000.

Nifty opened flat and traded expected. In first half Nifty registered high of 7799.90 than declined sharp below 7640. Nifty achieved our both down side targets and registered low of 7593.90 in second half. Nifty lost massive 187 points ( - 2.41 %) and closed in red.

                              

                                For This Week

We expect, Nifty will be traded with negative bias below 7640 and it would be declines towards 7550 – 7460. Other hand above 7640 Nifty will be traded with positive bias and it would be tries to touch 7730 – 7800.  Nifty have 1^st Sup. at 7580 – 7550 & 2^nd Sup. at 7490 – 7460 and Nifty find 1^st Res. at 7640 – 7690 & 2^nd Res. At 7730 – 7780.

Ø  Plz keep close eye on 7550 level. If Nifty fails to sustains above 7550 in any situations than it will be in big-big trouble in upcoming Months and it would be decline very sharp towards 7100 – 6650. 

Strategy:

[1]  Open short below 7600 with stop loss 7690 for targets 7580 – 7550 – 7490 - 7460. 

            

                                     

[2]  Open long above 7600 with stop loss 7510 for targets  7640 – 7690 – 7730 – 7780.

NIFTY :: OP = 7792.90 , HI = 7799.90 , LO = 7593.90 , CL = 7602.60.