Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “Nifty will be traded with negative bias below 8230 and it would be declines towards 8140 – 8050 – 7960. Other hand above 8230 Nifty will be traded with positive bias and it would be tries to touch 8320 – 8410 - 8500. “ Suggested Positional Trading 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 8217.15 and took support near 8230. After that Nifty turned up towards our buying level and achieves our 1^st upside target and registered high of 8328.10 in second half. Nifty gained 57 points ( + 0.70 % ) and closed in green.

                                    

                              Nifty Review 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 - 8560.  Nifty have 1^st Sup. at 8230 – 8180 & 2^nd Sup. at 8140 – 8090 & 3^rd Sup. at 8050 – 8000 and Nifty find 1^st Res. at 8320 – 8360 & 2^nd Res. at 8410 –8450 & 3^rd Res. at 8500 – 8540.

We expect volatility to remains in the market on account of F & O expiry in this week. Hence be cautious and trade carefully.

Positional Trading 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 = 8262.55 , HI = 8328.10 , LO = 8217.15 , CL = 8295.45.

                                                

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 17900 and it would be declines towards 17720 – 17540 – 17360. Other hand above 17900 Bank Nifty will be traded with positive bias and it would be tries to touch 18080 – 18260 - 18440. “ Suggested Positional Trading Strategy:   [1]  Open short below 17900 with stop loss 18080 for targets 17810 – 17720 / 17630 – 17540 / 17450 – 17360.   [2]  Open long above 17900 with stop loss 17720 for targets  17990 – 18080 / 18170 – 18260 / 18350 – 18440.

Bank Nifty opened flat and traded expected. In first half Bank Nifty registered low of 17565.35 and achieved our 2^nd down side targets. Bank Nifty took support near 17540 than turned up and tried to recover the loss and registered high of 17980.50 in second half.  Bank Nifty gained 21 points ( + 0.12 % ) and closed in green.

                                    

                                         

                             Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17900 and it would be declines towards 17720 – 17540 – 17360. Other hand above 17900 Bank Nifty will be traded with positive bias and it would be tries to touch 18080 – 18260 - 18440.  Bank Nifty has 1^st Sup. at 17810 – 17720 & 2^nd Sup. at 17630 – 17540 & 3^rd Sup. at 17450 – 17360 and Bank Nifty find 1^st Res. at 17990 – 18080 & 2^nd Res. at 18170 – 18260 & 3^rd Res. at 18350 - 18440.

Positional Trading Strategy:

[1]  Open short below 17900 with stop loss 18080 for targets 17810 – 17720 / 17630 – 17540 / 17450 – 17360. 

[2]  Open long above 17900 with stop loss 17720 for targets  17990 – 18080 / 18170 – 18260 / 18350 – 18440.

BANK NIFTY :: OP = 17911.65 , HI = 17980.50 , LO = 17565.35 , CL = 17934.05.

Weekly Review Fir Nifty & Bank 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. “ Suggested Positional Trading 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 achieves our 1^st down side targets and registered low of 8088.60. Nifty took support at 8090, after that Nifty tried to recover the loss and registered high of 8246.40 in second half. Nifty gained 48 points ( + 0.59 % ) and closed in green.

                                    

                             Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8230 and it would be declines towards 8140 – 8050 – 7960. Other hand above 8230 Nifty will be traded with positive bias and it would be tries to touch 8320 – 8410 - 8500.  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.

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 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 = 8231.50 , HI = 8246.40 , LO = 8088.60 , CL = 8238.15.

                                                

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 17540 and it would be declines towards 17360 – 17180 – 17000. Other hand above 17540 Bank Nifty will be traded with positive bias and it would be tries to touch 17720 – 17900 - 18080. “ Suggested Positional Trading Strategy:   [1]  Open short below 17540 with stop loss 17720 for targets 17450 – 17360 / 17270 – 17180 / 17090 – 17000.   [2]  Open long above 17540 with stop loss 17360 for targets  17630 – 17720 / 17810 – 17900 / 17990 – 18080.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 17434.05 than turned up towards our buying level and gave smart rally above 17900. Bank Nifty achieved our 2^nd upside target and registered high of 17947.75 in second half.  Bank Nifty gained massive 322 points ( + 1.83 % ) and closed in green.

                                    

                                         

                                         Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17900 and it would be declines towards 17720 – 17540 – 17360. Other hand above 17900 Bank Nifty will be traded with positive bias and it would be tries to touch 18080 – 18260 - 18440.  Bank Nifty has 1^st Sup. at 17810 – 17720 & 2^nd Sup. at 17630 – 17540  3^rd Sup. at 17450 – 17360 and Bank Nifty find 1^st Res. at 17990 – 18080 & 2^nd Res. at 18170 – 18260 & 3^rd Res. at 18350 - 18440.

Positional Trading Strategy:

[1]  Open short below 17900 with stop loss 18080 for targets 17810 – 17720 / 17630 – 17540 / 17450 – 17360. 

[2]  Open long above 17900 with stop loss 17720 for targets  17990 – 18080 / 18170 – 18260 / 18350 – 18440.

BANK NIFTY :: OP = 17642.60 , HI = 17947.75 , LO = 17434.05 , CL = 17912.85.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week Nifty will be traded with negative bias below 7960 and it would be declines towards 7870 – 7780 – 7690. Other hand above 7960 Nifty will be traded with positive bias and it would be tries to touch 8050 – 8140 - 8230. “ Suggested Positional Trading Strategy:   [1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 / 7820 – 7780 / 7730 – 7690.   [2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8050 / 8090 – 8140 / 8180 – 8230.

Nifty opened positive and traded expected. In first half Nifty registered low of 8005.10 and traded with strength almost all days of the week. Nifty gave smart rally above 8200 and registered high of 8232.20 in second half. Nifty gained massive 238 points ( + 3.00 % ) and closed in green.

                                    

                                 Nifty Review 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 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.

Positional Trading 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 = 8005.10 , HI = 8232.20 , LO = 8005.10 , CL = 8189.70.

                                                

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 positive and traded expected. In first half Bank Nifty registered low of 17362.70 than traded with strength above it all the week. Bank Nifty registered high of 17827.15 then lost momentum and declined towards 17400 but any how succeeded to hold the gains in second half.  Bank Nifty lost 46 points ( - 0.27 % ) and closed in red.

                                    

                             Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17540 and it would be declines towards 17360 – 17180 – 17000. Other hand above 17540 Bank Nifty will be traded with positive bias and it would be tries to touch 17720 – 17900 - 18080.  Bank Nifty has 1^st Sup. at 17450 – 17360 & 2^nd Sup. at 17270 – 17180  3^rd Sup. at 17090 – 17000 and Bank Nifty find 1^st Res. at 17630 – 17720 & 2^nd Res. at 17810 – 17900 & 3^rd Res. at 17990 - 18080.

Positional Trading Strategy:

[1]  Open short below 17540 with stop loss 17720 for targets 17450 – 17360 / 17270 – 17180 / 17090 – 17000. 

[2]  Open long above 17540 with stop loss 17360 for targets  17630 – 17720 / 17810 – 17900 / 17990 – 18080.

BANK NIFTY :: OP = 17373.55 , HI = 17827.15 , LO = 17362.70 , CL = 17590.25.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week 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. “ Suggested 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 opened flat and traded expected. In first half Nifty registered low of 7691.20 and achieved our 2^nd down side targets. Nifty took support near 7690 and then turned up towards our buying level and gave smart rally towards 8000. Nifty achieves our 1^st upside target and registered high of 8008.25 in second half. Nifty gained 82 points ( + 1.05 % ) and closed in green.

                                    

                            Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7960 and it would be declines towards 7870 – 7780 – 7690. Other hand above 7960 Nifty will be traded with positive bias and it would be tries to touch 8050 – 8140 - 8270.  Nifty have 1^st Sup. at 7910 – 7870 & 2^nd Sup. at 7820 – 7780  3^rd Sup. at 7730 – 7690 and Nifty find 1^st Res. at 8000 – 8050 & 2^nd Res. at 8090 –8140 & 3^rd Res. at 8180 – 8230.

Positional Trading Strategy:

[1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 / 7820 – 7780 / 7730 – 7690. 

                          

[2]  Open long above 7960 with stop loss 7870 for targets  8000 – 8050 / 8090 – 8140 / 8180 – 8230.

NIFTY :: OP = 7892.80 , HI = 8008.25 , LO = 7691.20 , CL = 7950.90.

                                                

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 positive and traded expected. In first half Bank Nifty achieves our 1^st upside target than turned back towards our shorting level and declined very sharp and achieved our all three down side targets on Tuesday before RBI Monetary policy announcement and registered low of 16648.30. After RBI’s surprised positive announcement of 0.50 basis points rate cut, Bank Nifty recovered sharply and turned up towards our buying level and once again achieves our 1^st upside target and registered high of  17461.35. But Bank Nifty not succeeded to hold the gains in second half.  Bank Nifty lost 46 points ( - 0.27 % ) and closed in red.

                                    

                                Bank Nifty Review For This Week

We expect same, 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.