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.