Weekly Review for Nifty... Once Again We As Usual

We Devsaty Stocks are highly focused equity research and advisory, led by Mr. Girish Amin. He is a well-known technical analyst, specialized in identifying larger swings in the Nifty & Indian stock market in advance. We believe trading in the stock market is all about mind game. It is more than technical analysis to come out with winning performance again and again. It is possible only by GOD Blessing and Vision.

JAY SWAMINARAYAN

We said last week   “   Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 - 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450.   “   We suggested Strategy:   [1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910.   [2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

Nifty opened positive and traded expected. In first half Nifty registered high of 8355.65 then turned back towards our shorting level and declined very sharp below 8000. Nifty achieved our 2^nd down side targets and registered low of 7997.15 in second half. Nifty took support at 8000 and recovered all the loss on last day of the week. Nifty gained 10 points ( + .12 %) and closed in green.   

                                         Once Again We Succeeds As Usual

Ø  We warned you in our weekly review from last 3 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 22-02-2015 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.

Ø  This time it closed at 8780 on 10-04-2015 and next week high was at 8844.

                                                    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 8844.80 on 15-04-2015 than declined sharp and register low of 7998 on 07-05-2015.  Thus Nifty lost more than 800 points in just 4 weeks and achieved our 2^nd target of 8000.

      Remember :: This time it closed at 8780 on 10-04-2015  (next week high was at 8844) and gained more than 500 points in last 2 weeks. Every time when Nifty came near 8900 all others shouting , looking & talking about 10000 level on Nifty

                                                      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.

                                 

                                                         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. 

                                   

                                                              For This Week

We expect same, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 - 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450.  Nifty have 1^st Sup. at 8140 – 8090 & 2^nd Sup. at 8050 – 8000  3^rd Sup. at 7960 – 7910 and Nifty find 1^st Res. at 8230 – 8270 & 2^nd Res. at 8320 – 8360 & 3^rd Res. at 8410 - 8450.

Strategy:

[1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910. 

                                                 

[2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

NIFTY :: OP = 8230.05     , HI = 8355.65 , LO = 7997.15 , CL = 8191.50.