Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.   “   We suggested Strategy:   [1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030.   [2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

Nifty opened positive and traded expected. In first half Nifty registered high of 8364.75 and achieved our 1^st upside target. After that Nifty declined very sharp towards 8180 and registered low of 8147.95 in second half. Nifty lost 24 points ( - 0.30 %) and closed in red. 

                             

                              For This Week

We expect same, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.  Nifty have 1^st Sup. at 8120 – 8090 & 2^nd Sup. at 8030 – 8000 and Nifty find 1^st Res. at 8230 – 8270 & 2^nd Res. At 8320 – 8360.

Strategy:

[1]  Open short below 8180 with stop loss 8270 for targets 8120 – 8090 – 8030 - 8000. 

                                                 

[2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 – 8320 – 8360.

NIFTY :: OP = 8255.00     , HI = 8364.75 , LO = 8147.95 , CL = 8200.70.

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 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030.   [2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

Nifty opened negative and traded expected. In first half Nifty declined very sharp below 8000 and achieved our both down side targets and registered low of 7961.35 Nifty took support near 8000 then turned up and recover all losses and registered high of 8263.45 in second half. Nifty gained 1 points ( - 0.01 %) and closed flat. 

                              

                             For This Week

We expect, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360.  Nifty have 1^st Sup. at 8180 – 8120 & 2^nd Sup. at 8090 – 8030 and Nifty find 1^st Res. at 8270 – 8320 & 2^nd Res. At 8360 – 8410.

Strategy:

[1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030. 

                                                 

[2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

NIFTY :: OP = 8160.75     , HI = 8263.45 , LO = 7961.35 , CL = 8225.20.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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.   “   We suggested Strategy:   [1]  Open short below 8540 with stop loss 8630 for targets 8480 – 8450 – 8390 - 8360.   [2]  Open long above 8540 with stop loss 8450 for targets  8570 – 8630 – 8660 – 8720.

Nifty opened flat and traded expected. In first half Nifty registered high of 8546.35 then declined very sharp towards 8200 and achieved our both down side targets. Once Nifty breach 8450 it felt very sharp and lost 250 points in 4 trading sessions and registered low of 8216.30 in second half. Nifty lost massive 314 points ( - 3.68 %) and closed week in red. 

                              

                              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 8180 – 8120 & 2^nd Sup. at 8090 – 8030 and Nifty find 1^st Res. at 8270 – 8320 & 2^nd Res. At 8360 – 8410.

Strategy:

[1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8120 – 8090 - 8030. 

                                                 

[2]  Open long above 8230 with stop loss 8120 for targets  8270 – 8320 – 8360 – 8410.

NIFTY :: OP = 8538.65     , HI = 8546.35 , LO = 8216.30 , CL = 8224.10.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   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.   “   We suggested 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 opened positive and traded expected. In first half Nifty registered low of 8504.65 and achieved our 1^st down side target. Nifty took support near 8500, then turned up and registered high of 8626.95 but faced resistance near 8630 so once again Nifty declined below 8540 in second half. Nifty lost 49 points ( - 0.58 %) and closed in red. 

                              

                              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 8480 – 8450 & 2^nd Sup. at 8390 – 8360 and Nifty find 1^st Res. at 8570 – 8630 & 2^nd Res. At 8660 – 8720.

Strategy:

[1]  Open short below 8540 with stop loss 8630 for targets 8480 – 8450 – 8390 - 8360. 

                                                 

[2]  Open long above 8540 with stop loss 8450 for targets  8570 – 8630 – 8660 – 8720.

NIFTY :: OP = 8605.10     , HI = 8626.95 , LO = 8504.65 , CL = 8538.30.