Weekly Review....Once Again We Succeed As Usual

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8630 and it would be declines towards 8540 – 8450. Other hand above 8630 Nifty will be traded with positive bias and it would be tries to touch 8720 – 8810.   “   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 – 8680 – 8720 – 8770.

Nifty opened positive and traded expected. In first half Nifty registered high of 8627.75 than turned back towards our shorting level and declined very sharp below 8300. Nifty achieved our both down side targets and registered low of 8269.15 in second half. Nifty traded weak all the day of the week and lost massive 229 points ( - 2.68 %) and closed in red.

                                         Once Again We Succeeds As Usual

Ø We warned you in our weekly review from last 2 months every time, when Nifty came near 8900.

Ø In our weekly review of 25-01-2015 when Nifty closed at 8835.

Ø In our weekly review of 15-02-2015 when Nifty closed at 8805.

Ø In our weekly review of 22-012-2015 when Nifty closed at 8833.

Ø In our weekly review of 01-03-2015 when Nifty closed at 8901.

Ø In our weekly review of 08-03-2015 when Nifty closed at 8837.

                                     Our Warning

Ø Plz keep close eye on 8900 level, in any situations if Nifty fails to cross and sustains above 8900 than it will be in big-big trouble in upcoming weeks and declines sharp towards 8450/8000.

               

                                                

                                   Our Success  

    Result :: Nifty registered high of 8996.60 on 30-01-2015 than declined sharp and register low of 8470 on 10-02-2015.  Thus Nifty lost more than 500 points in just 8 trading sessions.

    Remember :: when we warned you, in our weekly review of 25-01-2015, Nifty closed at 8835 and gained more than 800 points in last 3 weeks and closed in green each n every week. Only a week before (on 15/01/2015) RBI overnight cuts Rate, 1^st time after so long time and it was really a positive surprise for the market and sentiment was too high and most people were talking about 10000 level on Nifty. But we warned you at real time with perfect down side targets of 8450/8000 and Nifty made low of 8470 on 10/02/2015 and then turned up.  

                                                      Our Success 

    Result :: Nifty registered high of 9119.20 on 04-03-2015 than declined sharp and register low of 8270 on 27-03-2015.  Thus Nifty lost more than 800 points in just 3 weeks.

    Remember :: when we warned you, in our weekly review of 08-03-2015, Nifty closed at 8937 and gained more than 600 points in last 3 weeks and closed in green each n every week. Only two days before (on 04/03/2015) RBI surprised again with post-budget rate cuts. 2^nd time in last 50 days and it was really a positive and unexpected surprise for the market, So sentiment was too high and most people were again start talking about 10000 level on Nifty. But we warned you at real time with perfect down side targets of 8450/8000 and Nifty made low of 8270 on 27/03/2015.

                                      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.

This is the small & truncated week with holidays on Thursday and Friday so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Strategy:

[1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 – 8320 - 8180. 

                                    

[2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 – 8500 – 8540.

NIFTY :: OP = 8656.75 , HI = 8788.20 , LO = 8553.00 , CL = 8570.90.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8630 and it would be declines towards 8540 – 8450. Other hand above 8630 Nifty will be traded with positive bias and it would be tries to touch 8720 – 8810.   “   We suggested Strategy:   [1]  Open short below 8630 with stop loss 8720 for targets 8590 – 8540 – 8500 - 8450.   [2]  Open long above 8630 with stop loss 8540 for targets  8680 – 8720 – 8770 – 8810.

Nifty opened positive and traded expected. In first half Nifty registered high of 8788.20 and almost achieved our both upside targets. After that Nifty turned back towards our shorting level and declined sharp towards 8540. Nifty achieved our 1^st down side target and registered low of 8553.00 in second half. Nifty lost 76 points ( - 0.90 %) and closed in red.

                                    For This Week

We expect same, Nifty will be traded with negative bias below 8630 and it would be declines towards 8540 – 8450. Other hand above 8630 Nifty will be traded with positive bias and it would be tries to touch 8720 – 8810.  Nifty have 1^st Sup. at 8540 – 8500 & 2^nd Sup. at 8450 – 8410 and Nifty find 1^st Res. at 8630 – 8680 & 2^nd Res. At 8720 – 8770.

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 8590 with stop loss 8680 for targets 8540 – 8500 – 8450 - 8410. 

                                                 

[2]  Open long above 8590 with stop loss 8500 for targets  8630 – 8680 – 8720 – 8770.

NIFTY :: OP = 8656.75     , HI = 8788.20 , LO = 8553.00 , CL = 8570.90.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8900 and it would be declines towards 8810 – 8720. Other hand above 8900 Nifty will be traded with positive bias and it would be tries to touch 8990 – 9080.   “   We suggested Strategy:   [1]  Open short below 8950 with stop loss 9040 for targets 8900 – 8860 – 8810 - 8770.   [2]  Open long above 8950 with stop loss 8860 for targets  8990 – 9040 – 9080 – 9130.

Nifty opened negative and traded expected. In first half Nifty registered high of 8891.30 then declined sharp below 8700. After that Nifty tried to recover the losses but failed to do so and again decline very sharp and registered low of 8631.75 in second half. Nifty lost massive 290 points ( - 3.24 %) and closed in red.

                                For This Week

We expect, Nifty will be traded with negative bias below 8630 and it would be declines towards 8540 – 8450. Other hand above 8630 Nifty will be traded with positive bias and it would be tries to touch 8720 – 8810.  Nifty have 1^st Sup. at 8590 – 8540 & 2^nd Sup. at 8500 – 8450 and Nifty find 1^st Res. at 8680 – 8720 & 2^nd Res. At 8770 – 8810.

Strategy:

[1]  Open short below 8630 with stop loss 8720 for targets 8590 – 8540 – 8500 - 8450. 

                                                 

[2]  Open long above 8630 with stop loss 8540 for targets  8680 – 8720 – 8770 – 8810.

NIFTY :: OP = 8891.15     , HI = 8891.30 , LO = 8631.75 , CL = 8647.75.

Weekly Review

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8900 and it would be declines towards 8810 – 8720. Other hand above 8900 Nifty will be traded with positive bias and it would be tries to touch 8990 – 9080.   “   We suggested Strategy:   [1]  Open short below 8900 with stop loss 8990 for targets 8860 – 8810 – 8770 - 8720.   [2]  Open long above 8900 with stop loss 8810 for targets  8950 – 8990 – 9040 – 9080.

Nifty opened positive and traded expected. In first half Nifty registered high of 9119.20 and achieved our both upside targets but failed to sustain at higher level. So Nifty declined sharp towards our buying level and registered low of 8849.35 and lost almost all the gains in second half. Nifty gained 35 points ( + 0.4 %) and closed in green.

                             For This Week

We expect same, Nifty will be traded with negative bias below 8900 and it would be declines towards 8810 – 8720. Other hand above 8900 Nifty will be traded with positive bias and it would be tries to touch 8990 – 9080.  Nifty have 1^st Sup. at 8860 – 8810 & 2^nd Sup. at 8770 – 8720 and Nifty find 1^st Res. at 8950 – 8990 & 2^nd Res. At 9040 – 9080.

We still continue with this statement, “ Plz keep close eye on 8900 level, in any situations if Nifty fail to sustains above 8900 than it will be in big-big trouble in upcoming weeks and it would be declines sharp towards 8450/8000. Other hand if Nifty succeeds to sustain above 8900 then next targets will be 9350/9800 in upcoming weeks. ”

Strategy:

[1]  Open short below 8950 with stop loss 9040 for targets 8900 – 8860 – 8810 - 8770. 

                                                 

[2]  Open long above 8950 with stop loss 8860 for targets  8990 – 9040 – 9080 – 9130.

NIFTY :: OP = 8853.85     , HI = 9119.20 , LO = 8849.35 , CL = 8937.75.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8810 and it would be declines towards 8720 – 8630. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990..   “   We suggested Strategy:   [1]  Open short below 8810 with stop loss 8900 for targets 8770 – 8720 – 8680 - 8630.   [2]  Open long above 8810 with stop loss 8720 for targets  8840 – 8900 – 8930 – 8990.

Nifty opened positive and traded volatile as expected. In first half Nifty registered low of 8669.45 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and gave smart rally above 8900. Nifty achieved our 1^st upside target and registered high of 8941.10. In second half. Nifty gained 68 points ( + 0.8 %) and closed in green.

                                For This Week

We expect, Nifty will be traded with negative bias below 8900 and it would be declines towards 8810 – 8720. Other hand above 8900 Nifty will be traded with positive bias and it would be tries to touch 8990 – 9080.  Nifty have 1^st Sup. at 8860 – 8810 & 2^nd Sup. at 8770 – 8720 and Nifty find 1^st Res. at 8950 – 8990 & 2^nd Res. At 9040 – 9080.

We still continue with this statement, “ Plz keep close eye on 8900 level, in any situations if Nifty fail to sustains above 8900 than it will be in big-big trouble in upcoming weeks and it would be declines sharp towards 8450/8000. Other hand if Nifty succeeds to sustain above 8900 then next targets will be 9350/9800 in upcoming weeks. ”

Strategy:

[1]  Open short below 8900 with stop loss 8990 for targets 8860 – 8810 – 8770 - 8720. 

                                                 

[2]  Open long above 8900 with stop loss 8810 for targets  8950 – 8990 – 9040 – 9080.

NIFTY :: OP = 8856.85     , HI = 8941.10 , LO = 8669.45 , CL = 8901.85.