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, 1st 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. 2nd
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 1st
Sup. at 8320 – 8270 & 2nd Sup. at 8230 – 8180 and Nifty find 1st
Res. at 8410 – 8450 & 2nd 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.
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