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 1st 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 1st 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.
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