Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 7370 and it would be declines towards 7280 – 7190 – 7100. Other hand above 7370 Nifty will be traded with positive bias and it would be tries to touch 7460 – 7550 - 7640. “ Suggested Positional Trading Strategy :   [1]  Open short below 7420 with stop loss 7510 for targets 7370 – 7330 / 7280 – 7240 / 7190 – 7150.   [2]  Open long above 7420 with stop loss 7330 for targets  7460 – 7510 / 7550 – 7600 / 7640 – 7690.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 7402.80 and took support near 7420. After that Nifty turned up and gave smart rally above 7550 and achieved our 1^st upside target and registered high of 7575.65 in second half. Nifty gained massive 141 points ( + 1.90 % ) and closed in green.                            

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7550 and it would be declines towards 7460 – 7370 – 7280. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7640 – 7730 - 7820.  Nifty have 1st Sup. at 7510 – 7460 & 2nd Sup. at 7420 – 7370 & 3rd Sup. at 7330 – 7280 and Nifty find 1st Res. at 7600 – 7640 & 2nd Res. at 7690 –7730 & 3rd Res. at 7780 – 7820.

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 7550 with stop loss 7640 for targets 7510 – 7460 / 7420 – 7370 / 7330 – 7280. 

               

[2]  Open long above 7550 with stop loss 7460 for targets  7600 – 7640 / 7690 – 7730 / 7780 – 7820.

NIFTY :: OP = 7468.75 , HI = 7575.65 , LO = 7402.80 , CL = 7563.55.

                                               

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15470 and it would be declines towards 15290 – 15110 – 14930. Other hand above 15470 Bank Nifty will be traded with positive bias and it would be tries to touch 15650 – 15830 - 16010. “ Suggested Positional Trading Strategy:   [1]  Open short below 15470 with stop loss 15650 for targets 15380 – 15290 / 15200 – 15110 / 15020 – 14930.   [2]  Open long above 15470 with stop loss 15290 for targets  15560 – 15650 / 15740 – 15830 / 15920 – 16010.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 15682.65 and achieved our 1^st upside target than turned back toward our shorting level and declined sharp towards 15100 and achieved our 2^nd down side targets. Bank Nifty registered low of 15136.85 after that turned up and tried to reclaim the gains in second half.  Bank Nifty gained 24 points ( + 0.16 % ) and closed in green.        

                                                                      

                                 Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 15470 and it would be declines towards 15290 – 15110 – 14930. Other hand above 15470 Bank Nifty will be traded with positive bias and it would be tries to touch 15650 – 15830 - 16010.  Bank Nifty has 1st Sup. at 15380 – 15290 & 2nd Sup. at 15200 – 15110 & 3rd Sup. at 15020 – 14930 and Bank Nifty find 1st Res. at 15560 – 15650 & 2nd Res. at 15740 – 15830 & 3rd Res. at 15920 - 16010.

Positional Trading Strategy:

[1]  Open short below 15470 with stop loss 15650 for targets 15380 – 15290 / 15200 – 15110 / 15020 – 14930. 

[2]  Open long above 15470 with stop loss 15290 for targets  15560 – 15650 / 15740 – 15830 / 15920 – 16010.

BANK NIFTY :: OP = 15667.00 , HI = 15682.65 , LO = 15136.85 , CL = 15522.40.

Weekly Review For Nifty & Bank nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 7460 and it would be declines towards 7370 – 7280 – 7180. Other hand above 7460 Nifty will be traded with positive bias and it would be tries to touch 7550 – 7640 - 7730. “ Suggested Positional Trading Strategy :   [1]  Open short below 7460 with stop loss 7550 for targets 7420 – 7370 / 7330 – 7280 / 7240 – 7180.   [2]  Open long above 7460 with stop loss 7370 for targets  7510 – 7550 / 7600 – 7640 / 7690 – 7730.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 7470.90 than declined sharp below 7300 and achieved our 2^nd down side targets and registered low of 7241.50. Nifty took support at 7240 than turned up and tried to recover the loss in second half. Nifty lost 15 points ( - 0.21 % ) and closed in red.

                            

                             Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7370 and it would be declines towards 7280 – 7190 – 7100. Other hand above 7370 Nifty will be traded with positive bias and it would be tries to touch 7460 – 7550 - 7640.  Nifty have 1st Sup. at 7370 – 7330 & 2nd Sup. at 7280 – 7240 & 3rd Sup. at 7190 – 7150 and Nifty find 1st Res. at 7460 – 7510 & 2nd Res. at 7550 –7600 & 3rd Res. at 7640 – 7690.

This is the small & truncated week with holiday on Monday 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 7420 with stop loss 7510 for targets 7370 – 7330 / 7280 – 7240 / 7190 – 7150. 

               

[2]  Open long above 7420 with stop loss 7330 for targets  7460 – 7510 / 7550 – 7600 / 7640 – 7690.

NIFTY :: OP = 7420.35 , HI = 7470.90 , LO = 7241.50 , CL = 7422.45.

                                                

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15200 and it would be declines towards 15020 – 14840 – 14660. Other hand above 15200 Bank Nifty will be traded with positive bias and it would be tries to touch 15380 – 15560 - 15740. “ Suggested Positional Trading Strategy:   [1]  Open short below 15200 with stop loss 15380 for targets 15110 – 15020 / 14930 – 14840 / 14750 – 14660.  [2]  Open long above 15200 with stop loss 15020 for targets  15290 – 15380 / 15470 – 15560 / 15650 – 15740.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 14754.65 and achieved our 2^nd down side targets. After that Bank Nifty tried to recover and turned back towards our buying level and gave smart rally above 15500. Bank Nifty achieved our 2^nd upside targets and registered high of 15575.65 in second half.  Bank Nifty gained massive 291 points ( + 1.92 % ) and closed in green.        

                                              

                       

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15470 and it would be declines towards 15290 – 15110 – 14930. Other hand above 15470 Bank Nifty will be traded with positive bias and it would be tries to touch 15650 – 15830 - 16010.  Bank Nifty has 1st Sup. at 15380 – 15290 & 2nd Sup. at 15200 – 15110 & 3rd Sup. at 15020 – 14930 and Bank Nifty find 1st Res. at 15560 – 15650 & 2nd Res. at 15740 – 15830 & 3rd Res. at 15920 - 16010.

Positional Trading Strategy:

[1]  Open short below 15470 with stop loss 15650 for targets 15380 – 15290 / 15200 – 15110 / 15020 – 14930. 

[2]  Open long above 15470 with stop loss 15290 for targets  15560 – 15650 / 15740 – 15830 / 15920 – 16010.

BANK NIFTY :: OP = 15165.20 , HI = 15575.65 , LO = 14754.65 , CL = 15497.55.

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 7600 with stop loss 7690 for targets 7550 – 7510 / 7460 – 7420 / 7370 – 7330.   [2]  Open long above 7600 with stop loss 7510 for targets  7640 – 7690 / 7730 – 7780 / 7820 – 7870.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 7605.10 than declined sharp and registered low of 7425.80 and achieved our 2^nd down side targets. After that Nifty recovered and turned back towards our shorting level and once again declined sharp towards 7420 and achieved our 2^nd down side targets in second half. Nifty lost massive 163 points ( - 2.15 % ) and closed in red.

                            

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7460 and it would be declines towards 7370 – 7280 – 7180. Other hand above 7460 Nifty will be traded with positive bias and it would be tries to touch 7550 – 7640 - 7730.  Nifty have 1st Sup. at 7420 – 7370 & 2nd Sup. at 7330 – 7280 & 3rd Sup. at 7240 – 7180 and Nifty find 1st Res. at 7510 – 7550 & 2nd Res. at 7600 –7640 & 3rd Res. at 7690 – 7730.

Positional Trading Strategy:

[1]  Open short below 7460 with stop loss 7550 for targets 7420 – 7370 / 7330 – 7280 / 7240 – 7180. 

              

[2]  Open long above 7460 with stop loss 7370 for targets  7510 – 7550 / 7600 – 7640 / 7690 – 7730.

NIFTY :: OP = 7527.45 , HI = 7605.10 , LO = 7425.80 , CL = 7437.80.

                                               

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 negative and traded expected. In first half Bank Nifty registered high of 16156.80 than declined sharp towards 15200 and achieved our all three down side targets. Bank Nifty registered low of 15154.35 in second half.  Bank Nifty lost massive 936 points ( - 5.80 % ) and closed in red.                                                       

                       

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15200 and it would be declines towards 15020 – 14840 – 14660. Other hand above 15200 Bank Nifty will be traded with positive bias and it would be tries to touch 15380 – 15560 - 15740.  Bank Nifty has 1st Sup. at 15110 – 15020 & 2nd Sup. at 14930 – 14840 & 3rd Sup. at 14750 – 14660 and Bank Nifty find 1st Res. at 15290 – 15380 & 2nd Res. at 15470 – 15560 & 3rd Res. at 15650 - 15740.

Positional Trading Strategy:

[1]  Open short below 15200 with stop loss 15380 for targets 15110 – 15020 / 14930 – 14840 / 14750 – 14660. 

[2]  Open long above 15200 with stop loss 15020 for targets  15290 – 15380 / 15470 – 15560 / 15650 – 15740.

BANK NIFTY :: OP = 15979.05 , HI = 16156.80 , LO = 15154.35 , CL = 15206.30.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested Positional Trading Strategy :   [1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 / 7820 – 7730 / 7690 – 7640.   [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 registered high of 7937.55 than declined sharp towards 7550 and achieved our all three down side targets. Nifty registered low of 7556.60 in second half. Nifty lost massive 361 points ( - 4.54 % ) 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 1st Sup. at 7600 – 7550 & 2nd Sup. at 7510 – 7460 & 3rd Sup. at 7420 – 7370 and Nifty find 1st Res. at 7640 – 7690 & 2nd Res. at 7730 –7780 & 3rd Res. at 7820 – 7870.

Positional Trading Strategy:

[1]  Open short below 7600 with stop loss 7690 for targets 7550 – 7510 / 7460 – 7420 / 7370 – 7330. 

               

[2]  Open long above 7600 with stop loss 7510 for targets  7640 – 7690 / 7730 – 7780 / 7820 – 7870.

NIFTY :: OP = 7924.55 , HI = 7937.55 , LO = 7556.60 , CL = 7601.35

                

                               

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17000 and it would be declines towards 16820 – 16640 – 16460. Other hand above 17000 Bank Nifty will be traded with positive bias and it would be tries to touch 17180 – 17360 - 17540. “ Suggested Positional Trading Strategy:   [1]  Open short below 17000 with stop loss 17180 for targets 16910 – 16820 / 16730 – 16640 / 16550 – 16460.   [2]  Open long above 17000 with stop loss 16820 for targets  17090 – 17180 / 17270 – 17360 / 17450 – 17540.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 16966.35 than declined sharp towards 16000 and achieved our all three down side targets. Nifty registered low of 16049.75 in second half.  Bank Nifty lost massive 896 points ( - 5.26 % ) 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 1st Sup. at 16010 – 15920 & 2nd Sup. at 15830 – 15740 & 3rd Sup. at 15650 – 15560 and Bank Nifty find 1st Res. at 16190 – 16280 & 2nd Res. at 16370 – 16460 & 3rd 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 = 16966.35 , HI = 16966.35 , LO = 16049.75 , CL = 16142.65.

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 – 7530. 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 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 positive and traded expected. In first half Nifty registered low of 7863 than turned up towards our buying level and achieved our 1^st upside target. Nifty registered high of 7972.55 in second half. Nifty gained 102 points ( + 1.30 % ) 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 1st Sup. at 7870 – 7820 & 2nd Sup. at 7780 – 7730 & 3rd Sup. at 7690 – 7640 and Nifty find 1st Res. at 7960 – 8000 & 2nd Res. at 8050 –8090 & 3rd Res. at 8140 – 8180.

Positional Trading Strategy:

[1]  Open short below 7960 with stop loss 8050 for targets 7910 – 7870 / 7820 – 7730 / 7690 – 7640. 

           

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

NIFTY :: OP = 7863.20 , HI = 7972.55 , LO = 7863.00 , CL = 7963.20.

     

                                          

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 16820 and it would be declines towards 16640 – 16460 – 16280. Other hand above 16820 Bank Nifty will be traded with positive bias and it would be tries to touch 17000 – 17180 - 17360. “ Suggested Positional Trading Strategy:   [1]  Open short below 16820 with stop loss 17000 for targets 16730 – 16640 / 16550 – 16460 / 16370 – 16280.   [2]  Open long above 16820 with stop loss 16640 for targets  16910 – 17000 / 17090 – 17180 / 17270 – 17360.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 16824.05 than turned up and gave rally above 17000. Bank Nifty achieved our 1^st upside target and registered high of 17067.45 in second half.  Bank Nifty gained 228 points ( + 1.36 % ) and closed in green.                                                       

                       

                           Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17000 and it would be declines towards 16820 – 16640 – 16460. Other hand above 17000 Bank Nifty will be traded with positive bias and it would be tries to touch 17180 – 17360 - 17540.  Bank Nifty has 1st Sup. at 16910 – 16820 & 2nd Sup. at 16730 – 16640 & 3rd Sup. at 16550 – 16460 and Bank Nifty find 1st Res. at 17090 – 17180 & 2nd Res. at 17270 – 17360 & 3rd Res. at 17450 - 17540.

Positional Trading Strategy:

[1]  Open short below 17000 with stop loss 17180 for targets 16910 – 16820 / 16730 – 16640 / 16550 – 16460. 

[2]  Open long above 17000 with stop loss 16820 for targets  17090 – 17180 / 17270 – 17360 / 17450 – 17540.

BANK NIFTY :: OP = 16843.40 , HI = 17067.45 , LO = 16824.05 , CL = 17039.25.