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 7812.65 than turned up towards our buying level and rallied towards 7960. Nifty achieved our 1^st upside target and registered high of 7959.30 in second half. Nifty gained 86 points ( + 1.10 % ) and closed in green.

                                    

                             Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7910 and it would be declines towards 7820 – 7730 – 7640. Other hand above 7910 Nifty will be traded with positive bias and it would be tries to touch 8000 – 8090 - 8180.  Nifty have 1^st Sup. at 7870 – 7820 & 2^nd Sup. at 7780 – 7730 & 3^rd Sup. at 7690 – 7640 and Nifty find 1^st Res. at 7960 – 8000 & 2^nd Res. at 8050 –8090 & 3^rd Res. at 8140 – 8180.

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

Positional Trading Strategy:

[1]  Open short below 7910 with stop loss 8000 for targets 7870 – 7820 / 7780 – 7730 / 7690 – 7640. 

                          

[2]  Open long above 7910 with stop loss 7820 for targets  7960 – 8000 / 8050 – 8090 / 8140 – 8180.

NIFTY :: OP = 7869.50 , HI = 7959.30 , LO = 7812.65 , CL = 7942.70.

                                                

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17090 and it would be declines towards 16910 – 16730 – 16550. Other hand above 17090 Bank Nifty will be traded with positive bias and it would be tries to touch 17270 – 17450 - 17630. “ Suggested Positional Trading Strategy:   [1]  Open short below 17090 with stop loss 17270 for targets 17000 – 16910 / 16820 – 16730 / 16640 – 16550.   [2]  Open long above 17090 with stop loss 16910 for targets  17180 – 17270 / 17360 – 17450 / 17540 – 17630.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 16964.90 than turned up towards our buying level and gave smart rally towards 17400. Bank Nifty achieved our 1^st upside target and registered high of 17403.65 in second half.  Bank Nifty gained massive 315 points ( + 1.85 % ) and closed in green.

                                    

                                         

                             Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17360 and it would be declines towards 17180 – 17000 – 16820. Other hand above 17360 Bank Nifty will be traded with positive bias and it would be tries to touch 17540 – 17720 - 17900.  Bank Nifty has 1^st Sup. at 17270 – 17180 & 2^nd Sup. at 17090 – 17000 & 3^rd Sup. at 16910 – 16820 and Bank Nifty find 1^st Res. at 17450 – 17540 & 2^nd Res. at 17630 – 17720 & 3^rd Res. at 17810 - 17900.

Positional Trading Strategy:

[1]  Open short below 17360 with stop loss 17540 for targets 17270 – 17180 / 17090 – 17000 / 16910 – 16820. 

[2]  Open long above 17360 with stop loss 17180 for targets  17450 – 17540 / 17630 – 17720 / 17810 – 17900.

BANK NIFTY :: OP = 17120.25 , HI = 17403.65 , LO = 16964.90 , CL = 17370.95.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “Nifty will be traded with negative bias below 7730 and it would be declines towards 7640 – 7550 – 7460. Other hand above 7730 Nifty will be traded with positive bias and it would be tries to touch 7820 – 7910 - 8000. “ Suggested Positional Trading Strategy:   [1]  Open short below 7730 with stop loss 7820 for targets 7690 – 7640 / 7600 – 7550 / 7510 – 7460.   [2]  Open long above 7730 with stop loss 7640 for targets  7780 – 7820 / 7870 – 7910 / 7960 – 8000.

                                                              

Nifty opened negative and traded expected. In first half Nifty registered low of 7914.15 than turned up towards our buying level and achieved our 1^st upside target. After that Nifty declined sharp towards 7730 than once again turned up and achieved our 2^nd upside targets and registered high of 7906.95 in second half. Nifty gained 94 points ( + 1.21 % ) 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 holiday on Wednesday and also the F & O expiry in this week 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 = 7732.95 , HI = 7906.95 , LO = 7714.15 , CL = 7856.55.

                                                

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 16910 and it would be declines towards 16730 – 16550 – 16370. Other hand above 16910 Bank Nifty will be traded with positive bias and it would be tries to touch 17090 – 17270 - 17450. “ Suggested Positional Trading Strategy:   [1]  Open short below 16910 with stop loss 17090 for targets 16820 – 16730 / 16640 – 16550 / 16460 – 16370.   [2]  Open long above 16910 with stop loss 16730 for targets  17000 – 17090 / 17180 – 17270 / 17360 – 17450.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 17302.55 and achieved our 2^nd upside targets than declined sharp below 17000 and registered low of 16787.55. After that Bank Nifty turned up towards our buying level and gave smart rally towards 17270 and once again achieved our 2^nd upside targets in second half.  Bank Nifty gained 122 points ( + 0.72 % ) and closed in green.

                                    

                                         

                            Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17090 and it would be declines towards 16910 – 16730 – 16550. Other hand above 17090 Bank Nifty will be traded with positive bias and it would be tries to touch 17270 – 17450 - 17630.  Bank Nifty has 1^st Sup. at 17000 – 16910 & 2^nd Sup. at 16820 – 16730 & 3^rd Sup. at 16640 – 16550 and Bank Nifty find 1^st Res. at 17180 – 17270 & 2^nd Res. at 17360 – 17450 & 3^rd Res. at 17540 - 17630.

Positional Trading Strategy:

[1]  Open short below 17090 with stop loss 17270 for targets 17000 – 16910 / 16820 – 16730 / 16640 – 16550. 

[2]  Open long above 17090 with stop loss 16910 for targets  17180 – 17270 / 17360 – 17450 / 17540 – 17630.

BANK NIFTY :: OP = 16881.65 , HI = 17032.55 , LO = 16787.55 , CL = 17055.60.

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 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 negative and traded expected. In first half Nifty recovered smartly from lower level and registered high of 7937.75 and turned up towards our shorting level. After that Nifty declined sharp towards 7730 and achieves our 2^nd down side targets and registered low of 7730.90 in second half. Nifty lost massive 192 points ( - 2.41 % ) and closed in red.

                                    

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7730 and it would be declines towards 7640 – 7550 – 7460. Other hand above 7730 Nifty will be traded with positive bias and it would be tries to touch 7820 – 7910 - 8000.  Nifty have 1^st Sup. at 7690 – 7640 & 2^nd Sup. at 7600 – 7550 & 3^rd Sup. at 7510 – 7460 and Nifty find 1^st Res. at 7780 – 7820 & 2^nd Res. at 7870 –7910 & 3^rd Res. at 7960 – 8000.

Positional Trading Strategy:

[1]  Open short below 7730 with stop loss 7820 for targets 7690 – 7640 / 7600 – 7550 / 7510 – 7460. 

                          

[2]  Open long above 7730 with stop loss 7640 for targets  7780 – 7820 / 7870 – 7910 / 7960 – 8000.

NIFTY :: OP = 7788.25 , HI = 7937.75 , LO = 7730.90 , CL = 7762.25.

                                                

Ø  Bank Nifty Review

We said last week “Bank Nifty will be traded with negative bias below 17090 and it would be declines towards 16910 – 16730 – 16550. Other hand above 17090 Bank Nifty will be traded with positive bias and it would be tries to touch 17270 – 17450 - 17630. “ Suggested Positional Trading Strategy:   [1]  Open short below 17090 with stop loss 17270 for targets 17000 – 16910 / 16820 – 16730 / 16640 – 16550.   [2]  Open long above 17090 with stop loss 16910 for targets  17180 – 17270 / 17360 – 17450 / 17540 – 17630.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 16587.25 and achieved our all three down side targets than Bank Nifty recovered smartly and registered high of 17069.00 and turned up towards our shorting level. After that once again Bank Nifty declined sharp towards 16730 and achieved our 2^nd down side targets in second half.  Bank Nifty lost 153 points ( - 0.90 % ) and closed in red.

                                    

                                         

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16910 and it would be declines towards 16730 – 16550 – 16370. Other hand above 17090 Bank Nifty will be traded with positive bias and it would be tries to touch 17090 – 17270 - 17450.  Bank Nifty has 1^st Sup. at 16820 – 16730 & 2^nd Sup. at 16640 – 16550 & 3^rd Sup. at 16460 – 16370 and Bank Nifty find 1^st Res. at 17000 – 17090 & 2^nd Res. at 17180 – 17270 & 3^rd Res. at 17360 - 17450.

Positional Trading Strategy:

[1]  Open short below 16910 with stop loss 17090 for targets 16820 – 16730 / 16640 – 16550 / 16460 – 16370. 

[2]  Open long above 16910 with stop loss 16730 for targets  17000 – 17090 / 17180 – 17270 / 17360 – 17450.

BANK NIFTY :: OP = 16667.90 , HI = 17069.00 , LO = 16587.25 , CL = 16932.85.

Diwali Special Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

Dear Subscribers & Readers,                           We as a Devsaty stocks would like to take this opportunity to wish you and your family a very Happy Diwali & prosperous New Year. May you all have a super successful trading year ahead. May GOD fulfill all your wishes in wealth, health and happiness in your life.

 

     

   &   

    

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. “ Suggested Positional Trading Strategy:   [1]  Open short below 8050 with stop loss 8140 for targets 8000 – 7960 / 7910 – 7870 / 7820 – 7780.   [2]  Open long above 8050 with stop loss 7960 for targets  8090 – 8140 / 8180 – 8230 / 8270 – 8320.

                                                              

Nifty opened negative and traded expected. In first half Nifty registered high of 8116.10 than turned back towards our shorting level and declined sharp towards 7910. Nifty achieves our 1^st down side target and registered low of 7926.15 in second half. Nifty lost 111 points ( - 1.38 % ) and closed in red.

                                    

                                                  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 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.

This is the small & truncated week with Muhurat trading on Wednesday at 5:45 pm to 6:45 pm & holiday on Thursday, so be cautious and trade carefully. Hence we expect volatility to remains in the market.

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 = 8054.55 , HI = 8116.10 , LO = 7926.15 , CL = 7954.30.

                                                

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17360 and it would be declines towards 17180 – 17000 – 16820. Other hand above 17360 Bank Nifty will be traded with positive bias and it would be tries to touch 17540 – 17720 - 17900. “ Suggested Positional Trading Strategy:   [1]  Open short below 17360 with stop loss 17540 for targets 17270 – 17180 / 17090 – 17000 / 16910 – 16820.   [2]  Open long above 17360 with stop loss 17180 for targets  17450 – 17540 / 17630 – 17720 / 17810 – 17900.

Bank Nifty opened flat and traded expected. In first half Bank Nifty registered high of 17466.20 than turned back towards our shorting level and declined sharp towards 16910. Bank Nifty registered low of 16911.60 and achieved our 2^nd down side targets in second half.  Bank Nifty lost massive 268 points ( - 1.54 % ) and closed in red.

                                    

                                          

                                         Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17090 and it would be declines towards 16910 – 16730 – 16550. Other hand above 17090 Bank Nifty will be traded with positive bias and it would be tries to touch 17270 – 17450 - 17630.  Bank Nifty has 1^st Sup. at 17000 – 16910 & 2^nd Sup. at 16820 – 16730 & 3^rd Sup. at 16640 – 16550 and Bank Nifty find 1^st Res. at 17180 – 17270 & 2^nd Res. at 17360 – 17450 & 3^rd Res. at 17540 - 17630.

Positional Trading Strategy:

[1]  Open short below 17090 with stop loss 17270 for targets 17000 – 16910 / 16820 – 16730 / 16640 – 16550. 

[2]  Open long above 17090 with stop loss 16910 for targets  17180 – 17270 / 17360 – 17450 / 17540 – 17630.

BANK NIFTY :: OP = 17351.45 , HI = 17466.20 , LO = 16911.60 , CL = 17086.50.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Nifty registered high of 8336.30 than turned back towards our shorting level and declined sharp towards 8000. Nifty achieves our 2^nd down side targets and registered low of 8044.40 in second half. Nifty lost massive 229 points ( - 2.77 % ) and closed in red.

                                    

                               Nifty Review 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 8000 – 7960 & 2^nd Sup. at 7910 – 7870 & 3^rd Sup. at 7820 – 7780 and Nifty find 1^st Res. at 8090 – 8140 & 2^nd Res. at 8180 –8230 & 3^rd Res. at 8270 – 8320.

Positional Trading Strategy:

[1]  Open short below 8050 with stop loss 8140 for targets 8000 – 7960 / 7910 – 7870 / 7820 – 7780. 

                          

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

NIFTY :: OP = 8333.65 , HI = 8336.30 , LO = 8044.40 , CL = 8065.80.

                                                

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 positive and traded expected. In first half Bank Nifty registered high of 18029.05 than turned back towards our shorting level and declined sharp towards 17180 . Bank Nifty registered low of 17170.35 and achieved our all three down side targets in second half.  Bank Nifty lost massive 579 points ( - 3.23 % ) and closed in red.

                                    

                                         

                             Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17360 and it would be declines towards 17180 – 17000 – 16820. Other hand above 17360 Bank Nifty will be traded with positive bias and it would be tries to touch 17540 – 17720 - 17900.  Bank Nifty has 1^st Sup. at 17270 – 17180 & 2^nd Sup. at 17090 – 17000 & 3^rd Sup. at 16910 – 16820 and Bank Nifty find 1^st Res. at 17450 – 17540 & 2^nd Res. at 17630 – 17720 & 3^rd Res. at 17810 - 17900.

Positional Trading Strategy:

[1]  Open short below 17360 with stop loss 17540 for targets 17270 – 17180 / 17090 – 17000 / 16910 – 16820. 

[2]  Open long above 17360 with stop loss 17180 for targets  17450 – 17540 / 17630 – 17720 / 17810 – 17900.

BANK NIFTY :: OP = 18027.10 , HI = 18029.05 , LO = 17170.35 , CL = 17354.50.