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
8232.75 then turned back towards our shorting level and declined sharp below
8100 and achieved our 1st down side target and registered low of
8089.80. Nifty took support at 8090 then turned up towards our buying level and
achieved our 1st upside target in second half. Nifty gained 70 points ( + 0.86 %) 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 - 8000. Other hand above 8270 Nifty will be traded with positive
bias and it would be tries to touch 8360 – 8450 - 8540. Nifty have 1st Sup. at 8230 – 8180
& 2nd Sup. at 8140 – 8090
3rd Sup. at 8050 – 8000 and Nifty find 1st
Res. at 8320 – 8360 & 2nd Res. at 8410 – 8450
& 3rd Res. at 8500 - 8540.
Strategy:
[1] Open short
below 8270 with stop loss 8360 for targets 8230 – 8180 / 8140 – 8090
/ 8050 – 8000.
[2]
Open long above 8270 with stop loss 8180 for targets 8320 – 8360 / 8410 – 8450 / 8500
– 8540.
NIFTY ::
OP = 8243.20 , HI = 8332.75 , LO =
8089.80 , CL = 8262.35.
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