Weekly Review for Nifty

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 8230 with stop loss 8320 for targets 8180 – 8140 / 8090 – 8050 / 8000 – 7960.   [2]  Open long above 8230 with stop loss 8140 for targets  8270 – 8320 / 8360 – 8410 / 8450 – 8500.

Nifty opened positive and traded expected. In first half Nifty registered low of 8257.40 then turned up and gave smart rally above 8400. Nifty registered high of 8423.15 in second half. Nifty gained massive 156 points ( + 1.90 % ) and closed in green.

                                    

                                  For This Week

We expect, Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540 - 8630.  Nifty have 1^st Sup. at 8320 – 8270 & 2^nd Sup. at 8230 – 8180  3^rd Sup. at 8140 – 8090 and Nifty find 1^st Res. at 8410 – 8450 & 2^nd Res. at 8500 – 8540 & 3^rd Res. at 8590 - 8630.

Strategy:

[1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 / 8230 – 8180 / 8140 – 8090. 

                          

[2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 / 8500 – 8540 / 8590 – 8630.

NIFTY :: OP = 8259.30     , HI = 8423.15 , LO = 8257.40 , CL = 8381.10.

Weekly Review for Nifty

JAY SWAMINARAYAN

We said last week “  Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820 - 7730. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180 - 8270. “  We suggested Strategy:   [1]  Open short below 8000 with stop loss 8090 for targets 7960 – 7910 / 7870 – 7820 / 7780 – 7730.   [2]  Open long above 8000 with stop loss 7910 for targets  8050 – 8090 / 8140 – 8180 / 8230 – 8270.

Nifty opened flat and traded expected. In first half Nifty registered low of 7944.85 then turned up towards our buying level and gave smart rally towards 8270. Nifty achieved our all three upside targets and registered high of 8250.80 in second half. Nifty gained massive 242 points ( + 3.03 % ) and closed in green.

                                    

                               For This Week

We expect, 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 8180 – 8140 & 2^nd Sup. at 8090 – 8050  3^rd Sup. at 8000 – 7960 and Nifty find 1^st Res. at 8270 – 8320 & 2^nd Res. at 8360 – 8410 & 3^rd Res. at 8450 - 8500.

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 8230 with stop loss 8320 for targets 8180 – 8140 / 8090 – 8050 / 8000 – 7960. 

                          

                                    

[2]  Open long above 8230 with stop loss 8140 for targets  8270 – 8320 / 8360 – 8410 / 8450 – 8500.

NIFTY :: OP = 7986.60     , HI = 8250.80 , LO = 7944.85 , CL = 8224.95.

Weekly Review for Nifty

JAY SWAMINARAYAN

We said last week “  Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910 - 7820. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270 - 8360. “  We suggested Strategy:   [1]  Open short below 8090 with stop loss 8180 for targets 8050 – 8000 / 7960 – 7910 / 7870 – 7820.   [2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 / 8230 – 8270 / 8320 – 8360.

Nifty opened flat and traded expected. In first half Nifty achieved our 1^st down side target then turned up and tried to recover the loss and registered high of 8163.05 but faced resistance near 8180. So Nifty turned back towards our shorting level and declined sharp below 8000 and achieved our1^st down side target again and registered low of 7940.30 in second half. Nifty lost 131 points ( - 1.62 % ) and closed in red.

                                    

                                                              For This Week

We expect, Nifty will be traded with negative bias below 8000 and it would be declines towards 7910 – 7820 - 7730. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180 - 8270.  Nifty have 1^st Sup. at 7960 – 7910 & 2^nd Sup. at 7870 – 7820  3^rd Sup. at 7780 – 7730 and Nifty find 1^st Res. at 8050 – 8090 & 2^nd Res. at 8140 – 8180 & 3^rd Res. at 8230 - 8270.

Strategy:

[1]  Open short below 8000 with stop loss 8090 for targets 7960 – 7910 / 7870 – 7820 / 7780 – 7730. 

                          

                                    

[2]  Open long above 8000 with stop loss 7910 for targets  8050 – 8090 / 8140 – 8180 / 8230 – 8270.

NIFTY :: OP = 8124.35     , HI = 8163.05 , LO = 7940.30 , CL = 7982.90.

Weekly Review for Nifty

JAY SWAMINARAYAN

   

We said last week “  Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270 - 8180. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630 - 8720. “  We suggested Strategy:   [1]Open short below 8450 with stop loss 8540 for targets 8410 – 8360 / 8320 – 8270 / 8230 – 8180.  [2]  Open long above 8450 with stop loss 8360 for targets  8500 – 8540 / 8590 – 8630 / 8680 – 8720.

Nifty opened negative and traded expected. In first half Nifty registered high of 8467.15 then turned back and declined sharp below 8100. Nifty registered low of 8056.75 and achieved our all three down side targets in second half. Nifty lost massive 318 points ( - 3.78 % ) and closed in red.

                                                 For This Week

We expect, Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910 - 7820. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270 - 8360.  Nifty have 1^st Sup. at 8050 – 8000& 2^nd Sup. at 7960 – 7910  3^rd Sup. at 7870 – 7820 and Nifty find 1^st Res. at 8140 – 8180& 2^nd Res. at 8230 – 8270& 3^rd Res. at 8320 - 8360.

Strategy:

[1]Open short below 8090 with stop loss 8180 for targets 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

                          

                                    

[2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8417.25     , HI = 8467.15 , LO = 8056.75 , CL = 8114.70.

Weekly Review for Nifty

JAY SWAMINARAYAN

We said last week “  Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270 - 8180. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630 - 8720. “  We suggested Strategy:   [1]  Open short below 8450 with stop loss 8540 for targets 8410 – 8360 / 8320 – 8270 / 8230 – 8180.   [2]  Open long above 8450 with stop loss 8360 for targets  8500 – 8540 / 8590 – 8630 / 8680 – 8720.

Nifty opened negative and traded expected. In first half Nifty registered low of 8270.15 and achieved our 2^nd down side targets. Nifty took support at 8270 then turned up and tried to recover the losses and registered high of 8443.90 in second half. Nifty lost 25 points ( - 0.30 % ) and closed in red.

                                    

                                                              For This Week

We expect same, Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270 - 8180. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630 - 8720.  Nifty have 1^st Sup. at 8410 – 8360 & 2^nd Sup. at 8320 – 8270  3^rd Sup. at 8230 – 8180 and Nifty find 1^st Res. at 8500 – 8540 & 2^nd Res. at 8590 – 8630 & 3^rd Res. at 8680 - 8720.

We expect volatility to remains in the market on account of RBI Monetary policy on Tuesday. So be cautious and trade carefully in this week.

Strategy:

[1]  Open short below 8450 with stop loss 8540 for targets 8410 – 8360 / 8320 – 8270 / 8230 – 8180. 

                                     

[2]  Open long above 8450 with stop loss 8360 for targets  8500 – 8540 / 8590 – 8630 / 8680 – 8720.

NIFTY :: OP = 8438.15 , HI = 8443.90 , LO = 8270.75 , CL = 8433.65.

[Note :: Sorry friends, for inconvenience. We missed out posting of our Weekly Review on last Sunday due to some personal reason & Nifty’s levels are same]