Weekly Review For Nifty & Bank 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 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180 - 8270. “ Suggested Positional Trading 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 negative and traded expected. In first half Nifty registered high of 8021.60 than turned back towards our shorting level and declined sharp towards 7730. Nifty achieves our all three down side targets and registered low of 7723.25 in second half. Nifty lost 113 points ( - 1.42 % ) and closed in red.

                                    

                               Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7870 and it would be declines towards 7780 – 7690 – 7600. Other hand above 7870 Nifty will be traded with positive bias and it would be tries to touch 7960 – 8050 - 8140.  Nifty have 1^st Sup. at 7820 – 7780 & 2^nd Sup. at 7730 – 7690  3^rd Sup. at 7640 – 7600 and Nifty find 1^st Res. at 7910 – 7960 & 2^nd Res. at 8000 –8050 & 3^rd Res. at 8090 – 8140.

This is the small & truncated week with RBI Monetary policy on Tuesday & holiday on Friday, so be cautious and trade carefully. Hence we expect volatility to remains in the market.

Positional Trading Strategy:

[1]  Open short below 7870 with stop loss 7960 for targets 7820 – 7780 / 7730 – 7690 / 7640 – 7600. 

                          

[2]  Open long above 7870 with stop loss 7780 for targets  7910 – 7960 / 8000 – 8050 / 8090 – 8140.

NIFTY :: OP = 7911.50 , HI = 8021.60 , LO = 7723.25 , CL = 7868.50.

                                                 

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 17450 and it would be declines towards 17270 – 17090 – 16910. Other hand above 17450 Bank Nifty will be traded with positive bias and it would be tries to touch 17630 – 17810 - 17990. “ Suggested Positional Trading Strategy:   [1]  Open short below 17450 with stop loss 17630 for targets 17360 – 17270 / 17180 – 17090 / 17000 – 16910.   [2]  Open long above 17450 with stop loss 17270 for targets  17540 – 17630 / 17720 – 17810 / 17900 – 17990.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 17652.35 and achieves our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined sharp towards 16800 and achieved our all three down side targets and registered low of 16759.00 in second half.  Bank Nifty lost 212 points ( - 1.22 % ) and closed in red.

                                    

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17180 and it would be declines towards 17000 – 16820 – 16640. Other hand above 17180 Bank Nifty will be traded with positive bias and it would be tries to touch 17360 – 17540 - 17720.  Bank Nifty has 1^st Sup. at 17090 – 17000 & 2^nd Sup. at 16910 – 16820  3^rd Sup. at 16730 – 16640 and Bank Nifty find 1^st Res. at 17270 – 17360 & 2^nd Res. at 17450 – 17540 & 3^rd Res. at 17630 - 17720.

Positional Trading Strategy:

[1]  Open short below 17180 with stop loss 17360 for targets 17090 – 17000 / 16910 – 16820 / 16730 – 16640. 

[2]  Open long above 17180 with stop loss 17000 for targets  17270 – 17360 / 17450 – 17540 / 17630 – 17720.

BANK NIFTY :: OP = 17186.05 , HI = 17652.35 , LO = 16759.00 , CL = 17196.65.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “  Nifty will be traded with negative bias below 7820 and it would be declines towards 7730 – 7640 – 7550. Other hand above 7820 Nifty will be traded with positive bias and it would be tries to touch 7910 – 8000 - 8090. “ Suggested Positional Trading Strategy:   [1]  Open short below 7820 with stop loss 7910 for targets 7780 – 7730 / 7690 – 7640 / 7600 – 7550.   [2]  Open long above 7820 with stop loss 7730 for targets  7870 – 7910 / 7960 – 8000 / 8050 – 8090.

Nifty opened positive and traded expected. In first half Nifty registered low of 7761.85 than turned up towards our buying level and after that gave smart rally above 8000. Nifty achieves our 2^nd upside targets and registered high of 8055.00 in second half. Nifty gained massive 192 points ( + 2.47 % ) and closed in green.

                                     

                             Nifty Review 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 8000 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.

This is the small & truncated week with holiday on Friday and also the F & O expiry in this week so be cautious and trade carefully. Hence we expect volatility to remains in the market.

Positional Trading 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 = 7811.10 , HI = 8055.00 , LO = 7761.85 , CL = 7981.90.

                                                

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 16640 and it would be declines towards 16460 – 16280 – 16100. Other hand above 16640 Bank Nifty will be traded with positive bias and it would be tries to touch 16820 – 17000 - 17180. “ Suggested Positional Trading Strategy:   [1]  Open short below 16640 with stop loss 16820 for targets 16550 – 16460 / 16370 – 16280 / 16190 – 16100.   [2]  Open long above 16640 with stop loss 16460 for targets  16730 – 16820 / 16910 – 17000 / 17090 – 17180.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 16525.15 than turned up towards our buying level and after that gave smart rally towards 17600. Bank Nifty achieved our all three upside targets and registered high of 17602.00 in second half.  Bank Nifty gained massive 796 points ( + 4.79 % ) and closed in green.

                                    

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17450 and it would be declines towards 17270 – 17090 – 16910. Other hand above 17450 Bank Nifty will be traded with positive bias and it would be tries to touch 17630 – 17810 - 17990.  Bank Nifty has 1^st Sup. at 17360 – 17270 & 2^nd Sup. at 17180 – 17090  3^rd Sup. at 17000 – 16910 and Bank Nifty find 1^st Res. at 17540 – 17630 & 2^nd Res. at 17720 – 17810 & 3^rd Res. at 17900 - 17990.

Positional Trading Strategy:

[1]  Open short below 17450 with stop loss 17630 for targets 17360 – 17270 / 17180 – 17090 / 17000 – 16910. 

[2]  Open long above 17450 with stop loss 17270 for targets  17540 – 17630 / 17720 – 17810 / 17900 – 17990.

BANK NIFTY :: OP = 16596.50 , HI = 17602.00 , LO = 16525.15 , CL = 17409.15.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “  Nifty will be traded with negative bias below 7640 and it would be declines towards 7550 – 7460 – 7370. Other hand above 7640 Nifty will be traded with positive bias and it would be tries to touch 7730 – 7820 - 7910. “ Suggested Positional Trading Strategy:   [1]  Open short below 7640 with stop loss 7730 for targets 7600 – 7550 / 7510 – 7460 / 7420 – 7370.   [2]  Open long above 7640 with stop loss 7550 for targets  7690 – 7730 / 7780 – 7820 / 7870 – 7910.

Nifty opened positive and traded expected. In first half Nifty registered low of 7539.50 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and gave smart rally above 7800. Nifty achieves our 2^nd upside targets and registered high of 7864.85 in second half. Nifty gained massive 134 points ( + 1.75 % ) and closed in green.

                                    

                            Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7820 and it would be declines towards 7730 – 7640 – 7550. Other hand above 7820 Nifty will be traded with positive bias and it would be tries to touch 7910 – 8000 - 8090.  Nifty have 1^st Sup. at 7780 – 7730 & 2^nd Sup. at 7690 – 7640  3^rd Sup. at 7600 – 7550 and Nifty find 1^st Res. at 7870 – 7910 & 2^nd Res. at 7960 –8000 & 3^rd Res. at 8050 – 8090.

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

Positional Trading Strategy:

[1]  Open short below 7820 with stop loss 7910 for targets 7780 – 7730 / 7690 – 7640 / 7600 – 7550. 

                          

[2]  Open long above 7820 with stop loss 7730 for targets  7870 – 7910 / 7960 – 8000 / 8050 – 8090.

NIFTY :: OP = 7685.85 , HI = 7864.85 , LO = 7539.50 , CL = 7789.30.

                                                

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 16100 and it would be declines towards 15920 – 15740 – 15560. Other hand above 16100 Bank Nifty will be traded with positive bias and it would be tries to touch 16280 – 16460 - 16640. “ Suggested Positional Trading Strategy:   [1]  Open short below 16100 with stop loss 16280 for targets 16010 – 15920 / 15830 – 15740 / 15650 – 15560.   [2]  Open long above 16100 with stop loss 15920 for targets  16190 – 16280 / 16370 – 16460 / 16550 – 16640.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 15762.20 and achieved our 2^nd down side targets. After that Nifty turned up towards our buying level and gave smart rally towards 16800. Bank Nifty achieved our all three upside targets and registered high of 16781.55 in second half.  Bank Nifty gained massive 483 points ( + 3.00 % ) and closed in green.

                                    

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16640 and it would be declines towards 16460 – 16280 – 16100. Other hand above 16640 Bank Nifty will be traded with positive bias and it would be tries to touch 16820 – 17000 - 17180.  Bank Nifty has 1^st Sup. at 16550 – 16460 & 2^nd Sup. at 16370 – 16280  3^rd Sup. at 16190 – 16100 and Bank Nifty find 1^st Res. at 16730 – 16820 & 2^nd Res. at 16910 – 17000 & 3^rd Res. at 17090 - 17180.

Positional Trading Strategy:

[1]  Open short below 16640 with stop loss 16820 for targets 16550 – 16460 / 16370 – 16280 / 16190 – 16100. 

[2]  Open long above 16640 with stop loss 16460 for targets  16730 – 16820 / 16910 – 17000 / 17090 – 17180.

BANK NIFTY :: OP = 16222.20 , HI = 16781.55 , LO = 15762.20 , CL = 16612.60.

Weekly Review For Nifty & Bank 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 8000 Nifty will be traded with positive bias and it would be tries to touch 8090 – 8180 - 8270. “ Suggested Positional Trading 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 high of 8043.60 then turned back towards our shorting level and declined sharp below 7700. Nifty achieves our all three down side targets and registered low of 7626.85 in second half. Nifty lost massive 346 points ( - 4.34 % ) and closed in red.

                                    

                                  Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7640 and it would be declines towards 7550 – 7460 – 7370. Other hand above 7640 Nifty will be traded with positive bias and it would be tries to touch 7730 – 7820 - 7910.  Nifty have 1^st Sup. at 7600 – 7550 & 2^nd Sup. at 7510 – 7460  3^rdSup. at 7420 – 7370 and Nifty find 1^st Res. at 7690 – 7730 & 2^nd Res. at 7780 –7820 & 3^rd Res. at 7870 – 7910.

Positional Trading Strategy:

[1]  Open short below 7640 with stop loss 7730 for targets 7600 – 7550 / 7510 – 7460 / 7420 – 7370. 

                          

[2]  Open long above 7640 with stop loss 7550 for targets  7690 – 7730 / 7780 – 7820 / 7870 – 7910.

NIFTY :: OP = 8009.25 , HI = 8043.60 , LO = 7626.85 , CL = 7655.05.

                                                

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 17180 and it would be declines towards 17000 – 16820 – 16640. Other hand above 17180 Bank Nifty will be traded with positive bias and it would be tries to touch 17360 – 17540 - 17720. “ Suggested Positional Trading Strategy:   [1]  Open short below 17180 with stop loss 17360 for targets 17090 – 17000 / 16910 – 16820 / 16730 – 16640.   [2]  Open long above 17180 with stop loss 17000 for targets  17270 – 17360 / 17450 – 17540 / 17630 – 17720.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 17353.30 than turned back towards our shorting level and declined very sharp below 16000. Bank Nifty achieved our all three down side targets and registered low of 15933.15 in second half.  Bank Nifty lost massive 1082 points ( - 6.29 % ) and closed in red.

                                    

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16100 and it would be declines towards 15920 – 15740 – 15560. Other hand above 16100 Bank Nifty will be traded with positive bias and it would be tries to touch 16280 – 16460 - 16640.  Bank Nifty has 1^st Sup. at 16010 – 15920 & 2^nd Sup. at 15830 – 15740  3^rd Sup. at 15650 – 15560 and Bank Nifty find 1^st Res. at 16190 – 16280 & 2^nd Res. at 16370 – 16460 & 3^rd Res. at 16550 - 16640.

Positional Trading Strategy:

[1]  Open short below 16100 with stop loss 16280 for targets 16010 – 15920 / 15830 – 15740 / 15650 – 15560. 

[2]  Open long above 16100 with stop loss 15920 for targets  16190 – 16280 / 16370 – 16460 / 16550 – 16640.

BANK NIFTY :: OP = 17137.25 , HI = 17353.30 , LO = 15933.15 , CL = 16129.10.