Weekly Review For 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]  Nifty looks negative below 8140 with support 8230 & resistance are 8090 – 8050 / 8000 – 7960 / 7910 – 7870.   [2]  Nifty looks positive above 8140 with support 8050 & resistance are 8180 – 8230 / 8270 – 8320 / 8360 – 8410.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8126.00 than declined sharp below 8000. Nifty registered low of 7942.05 and achieved our 2^nd down side targets in second half. Nifty lost 153 points ( - 1. 92 % ) 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 1st Sup. at 7960 – 7910 & 2nd Sup. at 7870 – 7820 & 3rd Sup. at 7780 – 7730 and Nifty find 1st Res. at 8050 – 8090 & 2nd Res. at 8140 – 8180 & 3rd Res. at 8230 – 8270.

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

Positional Strategy:

[1]  Nifty looks negative below 8000 with support 8090 & resistance are 7960 – 7910 / 7870 – 7820 / 7780 – 7730. 

               

[2]  Nifty looks positive above 8000 with support 7910 & resistance are 8050 – 8090 / 8140 – 8180 / 8230 – 8270.

NIFTY :: OP = 8126.00 , HI = 8132.50 , LO = 7942.05 , CL = 7985.75.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18350 and it would be declines towards 18170 – 17990 – 17810. Other hand above 18350 Bank Nifty will be traded with positive bias and it would be tries to touch 18530 – 18710 - 18890. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18350 with support 18530 & resistance are 18260 – 18170 / 18080 – 17990 / 17900 – 17810.   [2]  Bank Nifty looks positive above 18350 with support 18170 & resistance are 18440 – 18530 / 18620– 18710/ 18800 – 18890.                                                                  

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 18316.80 than declined sharp towards 17800. Bank Nifty registered low of 17819.75 and achieved our all three down side targets in second half. Bank Nifty lost massive 428 points ( - 2.40 % ) and closed in red.

        

                                                                   

                                         Bank Nifty Review For This Week

We expect, 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 1st Sup. at 17810 – 17720 & 2nd Sup. at 17630 – 17540 & 3rd Sup. at 17450 – 17360 and Bank Nifty find 1st Res. at 17990 – 18080 & 2nd Res. at 18170 – 18260 & 3rd Res. at 18350 - 18440.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 17900 with support 18080 & resistance are 17810 – 17720 / 17630 – 17540 / 17450 – 17360. 

[2]  Bank Nifty looks positive above 17900 with support 17720 & resistance are 17990 – 18080 / 18170– 18260/ 18350 – 18440.

BANK NIFTY :: OP = 18258.10 , HI = 18316.80 , LO = 17819.75 , CL = 17884.00.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

Weekly Review For Nifty & Bank 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. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8410 with support 8500 & resistance are 8360 – 8320 / 8270 – 8230 / 8180 – 8140.   [2]  Nifty looks positive above 8410 with support 8320 & resistance are 8450 – 8500 / 8540 – 8590 / 8630 – 8680.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8460.30 but failed to sustain above 8450. Nifty traded in narrow range and registered low of 8340.95 in second half. Nifty lost 51 points ( - 0. 60 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                                                      

                                Nifty Review 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 1st Sup. at 8320 – 8270 & 2nd Sup. at 8230 – 8180 & 3rd Sup. at 8140 – 8090 and Nifty find 1st Res. at 8410 – 8450 & 2nd Res. at 8500 – 8540 & 3rd Res. at 8590 – 8630.

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

Positional Strategy:

[1]  Nifty looks negative below 8360 with support 8450 & resistance are 8320 – 8270 / 8230 – 8180 / 8140 – 8090. 

               

[2]  Nifty looks positive above 8360 with support 8270 & resistance are 8410 – 8450 / 8500 – 8540 / 8590 – 8630.

NIFTY :: OP = 8390.95 , HI = 8460.30 , LO = 8340.95 , CL = 8349.35.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18890 and it would be declines towards 18710 – 18530 – 18350. Other hand above 18890 Bank Nifty will be traded with positive bias and it would be tries to touch 19070 – 19250 - 19430. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18890 with support 19070 & resistance are 18800 – 18710 / 18620 – 18530 / 18440 – 18350.   [2]  Bank Nifty looks positive above 18890 with support 18710 & resistance are 18980 – 19070 / 19160– 19250/ 19340 – 19430.                                                                  

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 19276.50 and achieved our 2^nd upside target but failed to sustain at higher level. After that Bank Nifty turned back and declined sharp towards 18800 and registered low of 18793.05 in second half. Bank Nifty lost 91 points ( - 0.48 % ) and closed in red.

                                                                          

                                Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18800 and it would be declines towards 18620 – 18440 – 18260. Other hand above 18800 Bank Nifty will be traded with positive bias and it would be tries to touch 18980 – 19160 - 19340.  Bank Nifty has 1st Sup. at 18710 – 18620 & 2nd Sup. at 18530 – 18440 & 3rd Sup. at 18350 – 18260 and Bank Nifty find 1st Res. at 18890 – 18980 & 2nd Res. at 19070 – 19160 & 3rd Res. at 19250 - 19340.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18800 with support 18980 & resistance are 18710 – 18620 / 18530 – 18440 / 18350 – 18260. 

[2]  Bank Nifty looks positive above 18800 with support 18620 & resistance are 18890 – 18980 / 19070– 19160 / 19250 – 19340.

BANK NIFTY :: OP = 18899.70 , HI = 19276.50 , LO = 18793.05 , CL = 18820.80.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

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 - 8540. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8270 with support 8360 & resistance are 8230 – 8180 / 8140 – 8090 / 8050 – 8000.   [2]  Nifty looks positive above 8270 with support 8180 & resistance are 8320 – 8360 / 8410 – 8450 / 8500 – 8540.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8230.65 than turned back and declined sharp towards 8100. Nifty registered low of 8121.95 and traded in narrow range in second half. Nifty lost 122 points ( - 1. 58 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                  

                                                  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 1st Sup. at 8140 – 8090 & 2nd Sup. at 8050 – 8000 & 3rd Sup. at 7960 – 7910 and Nifty find 1st Res. at 8230 – 8270 & 2nd Res. at 8320 – 8360 & 3rd Res. at 8410 – 8450.

Positional Strategy:

[1]  Nifty looks negative below 8140 with support 8230 & resistance are 8090 – 8050 / 8000 – 7960 / 7910 – 7870. 

               

[2]  Nifty looks positive above 8140 with support 8050 & resistance are 8180 – 8230 / 8270 – 8320 / 8360 – 8410.

NIFTY :: OP = 8230.65 , HI = 8230.65 , LO = 8121.95 , CL = 8139.45.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18710 and it would be declines towards 18530 – 18350 – 18170. Other hand above 18710 Bank Nifty will be traded with positive bias and it would be tries to touch 18890 – 19070 - 19250. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18710 with support 18890 & resistance are 18620 – 18530 / 18440 – 18350 / 18260 – 18170.   [2]  Bank Nifty looks positive above 18710 with support 18530 & resistance are 18800 – 18890 / 18980– 19070/ 19160 – 19250.                                                                  

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 18616.05 than turned back and declined sharp towards 18100. Bank Nifty registered low of 18122.10 and traded in narrow range in second half. Bank Nifty lost massive 383 points ( - 2.11 % ) and closed in red.

        

                                                                    

                                         Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18350 and it would be declines towards 18170 – 17990 – 17810. Other hand above 18350 Bank Nifty will be traded with positive bias and it would be tries to touch 18530 – 18710 - 18890.  Bank Nifty has 1st Sup. at 18260 – 18170 & 2nd Sup. at 18080 – 17990 & 3rd Sup. at 17900 – 17810 and Bank Nifty find 1st Res. at 18440 – 18530 & 2nd Res. at 18620 – 18710 & 3rd Res. at 18800 - 18890.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18350 with support 18530 & resistance are 18260 – 18170 / 18080 – 17990 / 17900 – 17810. 

[2]  Bank Nifty looks positive above 18350 with support 18170 & resistance are 18440 – 18530 / 18620– 18710/ 18800 – 18890.

BANK NIFTY :: OP = 18616.05 , HI = 18616.05 , LO = 18122.10 , CL = 18312.80.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

Weekly Review For Nifty & Bank 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. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820.   [2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

               

Nifty opened flat and traded expected. In first half Nifty registered low of 8056.85 than turned up towards our buying level and gave smart rally towards 8300. Nifty achieved our 2^nd upside targets and registered high of 8274.95 in second half. Nifty gained massive 174 points ( + 2. 11 % ) 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 - 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.

Positional Strategy:

[1]  Nifty looks negative below 8270 with support 8360 & resistance are 8230 – 8180 / 8140 – 8090 / 8050 – 8000. 

               

[2]  Nifty looks positive above 8270 with support 8180 & resistance are 8320 – 8360 / 8410 – 8450 / 8500 – 8540.

NIFTY :: OP = 8088.75 , HI = 8274.95 , LO = 8056.85 , CL = 8261.75.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18260 and it would be declines towards 18080 – 17900 – 17720. Other hand above 18260 Bank Nifty will be traded with positive bias and it would be tries to touch 18440 – 18620 - 18800. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18260 with support 18440 & resistance are 18170 – 18080 / 17990 – 17900 / 17810 – 17720.   [2]  Bank Nifty looks positive above 18260 with support 18080 & resistance are 18350 – 18440 / 18530– 18620/ 18710 – 18800.                                                                  

Bank Nifty opened flat and traded expected. In first half Bank Nifty registered low of 17952.60 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and then gave smart rally above 18700. Bank Nifty registered high of 18739.65 and achieved our 2^nd upside targets in second half. Bank Nifty gained massive 448 points ( + 2.39 % ) and closed in green.

        

                                                                   

                                Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18710 and it would be declines towards 18530 – 18350 – 18170. Other hand above 18710 Bank Nifty will be traded with positive bias and it would be tries to touch 18890 – 19070 - 19250.  Bank Nifty has 1st Sup. at 18620 – 18530 & 2nd Sup. at 18440 – 18350 & 3rd Sup. at 18260 – 18170 and Bank Nifty find 1st Res. at 18800 – 18890 & 2nd Res. at 18980 – 19070 & 3rd Res. at 19160 - 19250.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18710 with support 18890 & resistance are 18620 – 18530 / 18440 – 18350 / 18260 – 18170. 

[2]  Bank Nifty looks positive above 18710 with support 18530 & resistance are 18800 – 18890 / 18980– 19070/ 19160 – 19250.

BANK NIFTY :: OP = 18245.00 , HI = 18739.65 , LO = 17952.60 , CL = 18695.80.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

Weekly Review For Nifty & Bank 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. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820.   [2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

               

Nifty opened negative and traded expected. In first half Nifty registered low of 8066.50 than turned up towards our buying level and gave rally above 8250. Nifty registered high of 8250.80 and achieved our 2^nd upside targets but failed to hold gains in second half. Nifty lost 27 points ( - 0. 33 % ) and closed in red.                                                                                                                

                                                                                                                

                                                                                                                          

                               Nifty Review For This Week

We expect same, 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 1st Sup. at 8050 – 8000 & 2nd Sup. at 7960 – 7910 & 3rd Sup. at 7870 – 7820 and Nifty find 1st Res. at 8140 – 8180 & 2nd Res. at 8230 – 8270 & 3rd Res. at 8320 – 8360.

Positional Strategy:

[1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8080.65 , HI = 8250.80 , LO = 8066.50 , CL = 8086.80.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18530 and it would be declines towards 18350 – 18170 – 17990. Other hand above 18530 Bank Nifty will be traded with positive bias and it would be tries to touch 18710 – 18890 - 19070. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18530 with support 18710 & resistance are 18440 – 18350 / 18260 – 18170 / 18080 – 17990.   [2]  Bank Nifty looks positive above 18530 with support 18350 & resistance are 18620 – 18710 / 18800– 18890/ 18980 – 19070.                                                                  

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 18713.10 

and achieved our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined sharp below 18200. Bank Nifty registered low of 18163.80 and achieved our 2^nd down side targets in second half. Bank Nifty lost 259 points ( - 1.42 % ) and closed in red.

        

                                                                   

                                         Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18260 and it would be declines towards 18080 – 17900 – 17720. Other hand above 18260 Bank Nifty will be traded with positive bias and it would be tries to touch 18440 – 18620 - 18800.  Bank Nifty has 1st Sup. at 180170 – 18080 & 2nd Sup. at 17990 – 17900 & 3rd Sup. at 17810 – 17720 and Bank Nifty find 1st Res. at 18350 – 18440 & 2nd Res. at 18530 – 18620 & 3rd Res. at 18710 - 18800.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18260 with support 18440 & resistance are 18170 – 18080 / 17990 – 17900 / 17810 – 17720. 

[2]  Bank Nifty looks positive above 18260 with support 18080 & resistance are 18350 – 18440 / 18530– 18620/ 18710 – 18800.

BANK NIFTY :: OP = 18237.20 , HI = 18713.10 , LO = 18163.80 , CL = 18247.65.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

Weekly Review For Nifty & Bank 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. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820.   [2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 7916.40 and achieved our 2^nd down side targets. After that Nifty turned up and tried to recover the losses and registered high of 8122.25 in second half. Nifty gained 40 points ( + 0. 49 % ) and closed in green.                                                                                                                                             

                                                                                                                                                                                                          

                                Nifty Review For This Week

We expect same, 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 1st Sup. at 8050 – 8000 & 2nd Sup. at 7960 – 7910 & 3rd Sup. at 7870 – 7820 and Nifty find 1st Res. at 8140 – 8180 & 2nd Res. at 8230 – 8270 & 3rd Res. at 8320 – 8360.

Positional Strategy:

[1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8102.10 , HI = 8122.25 , LO = 7916.40 , CL = 8114.30.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 18980 and it would be declines towards 18800 – 18620 – 18440. Other hand above 18980 Bank Nifty will be traded with positive bias and it would be tries to touch 19160 – 19340 - 19520. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 18980 with support 19160 & resistance are 18890 – 18800 / 18710 – 18620 / 18530 – 18440.   [2]  Bank Nifty looks positive above 18980 with support 18800 & resistance are 19070 – 19160 / 19250– 19340/ 19430 – 19520.                                                                  

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 19075.95 than turned back towards our shorting level and declined sharp towards 18200. Bank Nifty achieved our all three down side targets and registered low of 18215.80 in second half. Bank Nifty lost massive 451 points ( - 2.44 % ) and closed in red.

        

                                                                   

                                 Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18530 and it would be declines towards 18350 – 18170 – 17990. Other hand above 18530 Bank Nifty will be traded with positive bias and it would be tries to touch 18710 – 18890 - 19070.  Bank Nifty has 1st Sup. at 18440 – 18350 & 2nd Sup. at 18260 – 18170 & 3rd Sup. at 18080 – 17990 and Bank Nifty find 1st Res. at 18620 – 18710 & 2nd Res. at 18800 – 18890 & 3rd Res. at 18980 - 19070.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18530 with support 18710 & resistance are 18440 – 18350 / 18260 – 18170 / 18080 – 17990. 

[2]  Bank Nifty looks positive above 18530 with support 18350 & resistance are 18620 – 18710 / 18800– 18890/ 18980 – 19070.

BANK NIFTY :: OP = 19063.80 , HI = 19075.95 , LO = 18215.80 , CL = 18507.30.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]

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 - 8540. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8270 with support 8360 & resistance are 8230 – 8180 / 8140 – 8090 / 8050 – 8000.   [2]  Nifty looks positive above 8270 with support 8180 & resistance are 8320 – 8360 / 8410 – 8450 / 8500 – 8540.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8288.55 then turned down towards our shorting level and declined sharp towards 8000. Nifty achieved our 2^nd down side targets and registered low of 8048.30 in second half. Nifty lost massive 222 points ( - 2. 74 % ) 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 1st Sup. at 8050 – 8000 & 2nd Sup. at 7960 – 7910 & 3rd Sup. at 7870 – 7820 and Nifty find 1st Res. at 8140 – 8180 & 2nd Res. at 8230 – 8270 & 3rd Res. at 8320 – 8360.

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

Positional Strategy:

[1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8284.85 , HI = 8288.55 , LO = 8048.30 , CL = 8074.10.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19700 and it would be declines towards 19520 – 19340 – 19160. Other hand above 19700 Bank Nifty will be traded with positive bias and it would be tries to touch 19880 – 20060 - 20240. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19700 with support 19880 & resistance are 19610 – 19520 / 19430 – 19340 / 19250 – 19160.   [2]  Bank Nifty looks positive above 19700 with support 19520 & resistance are 19790 – 19880 / 19970– 20060/ 20150 – 20240.                                                                  

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 19861.75 than turned back towards our shorting level and declined sharp below 19000. Bank Nifty achieved our all three upside targets and registered low of 18897.10 in second half. Bank Nifty lost massive 779 points ( - 4.10 % ) and closed in red.        

                                                                   

                                         Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18980 and it would be declines towards 18800 – 18620 – 18440. Other hand above 18980 Bank Nifty will be traded with positive bias and it would be tries to touch 19160 – 19340 - 19520.  Bank Nifty has 1st Sup. at 18890 – 18800 & 2nd Sup. at 18710 – 18620 & 3rd Sup. at 18530 – 18440 and Bank Nifty find 1st Res. at 19070 – 19160 & 2nd Res. at 19250 – 19340 & 3rd Res. at 19430 - 19520.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18980 with support 19160 & resistance are 18890 – 18800 / 18710 – 18620 / 18530 – 18440. 

[2]  Bank Nifty looks positive above 18980 with support 18800 & resistance are 19070 – 19160 / 19250– 19340/ 19430 – 19520.

BANK NIFTY :: OP = 19808.35 , HI = 19861.75 , LO = 18897.10 , CL = 18959.05.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts any type of trade & it’s for paper exercise only]