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.