Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 7190 and it would be declines towards 7100 – 7010 – 6920. Other hand above 7190 Nifty will be traded with positive bias and it would be tries to touch 7280 – 7370 - 7460. “ Suggested Positional Trading Strategy :   [1]  Open short below 7190 with stop loss 7280 for targets 7150 – 7100 / 7060 – 7010 / 6970 – 6920.   [2]  Open long above 7190 with stop loss 7100 for targets  7240 – 7280 / 7330 – 7370 / 7420 – 7460.

               

Nifty opened flat and traded expected. In first half Nifty registered high of 7252.40 than turned back towards our shorting level and declined sharp below 7000. Nifty achieved our 2^nd down side targets and registered low of 6961.40 in second half. Nifty lost massive 181 points ( - 2.51 % ) and closed in red.                            

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7010 and it would be declines towards 6920 – 6830 – 6740. Other hand above 7010 Nifty will be traded with positive bias and it would be tries to touch 7100 – 7190 - 7280.  Nifty have 1st Sup. at 6970 – 6920 & 2nd Sup. at 6880 – 6830 & 3rd Sup. at 6790 – 6740 and Nifty find 1st Res. at 7060 – 7100 & 2nd Res. at 7150 –7190 & 3rd Res. at 7240 – 7280.

We expect volatility to remains in the market on account of the Union Budget – 2016 will be presented by Finance Minister Mr. Arun Jaitely on Monday, 29th February in this week. Hence be cautious and trade carefully.

Positional Trading Strategy:

[1]  Open short below 7010 with stop loss 7100 for targets 6970 – 6920 / 6880 – 6830 / 6790 – 6740. 

               

[2]  Open long above 7010 with stop loss 6920 for targets  7060 – 7100 / 7150 – 7190 / 7240 – 7280.

NIFTY :: OP = 7208.85 , HI = 7252.40 , LO = 6961.40 , CL = 7029.75.

                                               

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 14300 and it would be declines towards 14120 – 13940 – 13760. Other hand above 14300 Bank Nifty will be traded with positive bias and it would be tries to touch 14480 – 14660 - 14840. “ Suggested Positional Trading Strategy:   [1]  Open short below 14300 with stop loss 14480 for targets 14210 – 14120 / 14030 – 13940 / 13850 – 13760.   [2]  Open long above 14300 with stop loss 14120 for targets  14390 – 14480 / 14570 – 14660 / 14750 – 14840.

Bank Nifty opened flat and traded expected. In first half Bank Nifty registered high of 14467.15 and achieved our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined very sharp towards 13500. Bank Nifty achieved our all three down side targets and registered low of 13519.90 in second half. Bank Nifty lost massive 552 points ( - 3.85 % ) and closed in red.        

                                                                      

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 13760 and it would be declines towards 13580 – 13400 – 13220. Other hand above 13760 Bank Nifty will be traded with positive bias and it would be tries to touch 13940 – 14120 - 14300.  Bank Nifty has 1st Sup. at 13670 – 13580 & 2nd Sup. at 13490 – 13400 & 3rd Sup. at 13310 – 13220 and Bank Nifty find 1st Res. at 13850 – 13940 & 2nd Res. at 14030 – 14120 & 3rd Res. at 14210 - 14300.

Positional Trading Strategy:

[1]  Open short below 13760 with stop loss 13940 for targets 13670 – 13580 / 13490 – 13400 / 13310 – 13220. 

[2]  Open long above 13760 with stop loss 13580 for targets  13850 – 13940 / 14030 – 14120 / 14210 – 14300.

BANK NIFTY :: OP = 14331.20 , HI = 14467.15 , LO = 13519.90 , CL = 13791.45.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “Nifty will be traded with negative bias below 7010 and it would be declines towards 6920 – 6830 – 6740. Other hand above 7010 Nifty will be traded with positive bias and it would be tries to touch 7100 – 7190 - 7280. “ Suggested Positional Trading Strategy :   [1]  Open short below 7010 with stop loss 7100 for targets 6970 – 6920 / 6880 – 6830 / 6790 – 6740.   [2]  Open long above 7010 with stop loss 6920 for targets  7060 – 7100 / 7150 – 7190 / 7240 – 7280.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 6960.65 than turned up towards our buying level and gave rally above 7200. Nifty achieved our 2^nd upside targets and registered high of 7226.85 in second half. Nifty gained massive 229 points ( + 3.29 % ) and closed in green.                            

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7190 and it would be declines towards 7100 – 7010 – 6920. Other hand above 7190 Nifty will be traded with positive bias and it would be tries to touch 7280 – 7370 - 7460.  Nifty have 1st Sup. at 7150 – 7100 & 2nd Sup. at 7060 – 7010 & 3rd Sup. at 6970 – 6920 and Nifty find 1st Res. at 7240 – 7280 & 2nd Res. at 7330 –7370 & 3rd Res. at 7420 – 7460.

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 7190 with stop loss 7280 for targets 7150 – 7100 / 7060 – 7010 / 6970 – 6920. 

               

[2]  Open long above 7190 with stop loss 7100 for targets  7240 – 7280 / 7330 – 7370 / 7420 – 7460.

NIFTY :: OP = 7057.35 , HI = 7226.85 , LO = 6960.65 , CL = 7210.75.

                                               

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 13940 and it would be declines towards 13760 – 13580 – 13400. Other hand above 13940 Bank Nifty will be traded with positive bias and it would be tries to touch 14120 – 14300 - 14480. “ Suggested Positional Trading Strategy:   [1]  Open short below 13940 with stop loss 14120 for targets 13850 – 13760 / 13670 – 13580 / 13490 – 13400.   [2]  Open long above 13940 with stop loss 13760 for targets  14030 – 14120 / 14210 – 14300 / 14390 – 14480.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 14602.25 but failed to sustain at higher level. So Bank Nifty declined very sharp below 14000 and registered low of 13892.10. After that Bank Nifty turned up towards our buying level and achieved our 2^nd upside targets in second half.  Bank Nifty gained massive 372 points ( + 2.67 % ) and closed in green.        

                                                                      

                            Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 14300 and it would be declines towards 14120 – 13940 – 13760. Other hand above 14300 Bank Nifty will be traded with positive bias and it would be tries to touch 14480 – 14660 - 14840.  Bank Nifty has 1st Sup. at 14210 – 14120 & 2nd Sup. at 14030 – 13940 & 3rd Sup. at 13850 – 13760 and Bank Nifty find 1st Res. at 14390 – 14480 & 2nd Res. at 14570 – 14660 & 3rd Res. at 14750 - 14840.

Positional Trading Strategy:

[1]  Open short below 14300 with stop loss 14480 for targets 14210 – 14120 / 14030 – 13940 / 13850 – 13760. 

[2]  Open long above 14300 with stop loss 14120 for targets  14390 – 14480 / 14570 – 14660 / 14750 – 14840.

BANK NIFTY :: OP = 14120.90 , HI = 14602.25 , LO = 13892.10 , CL = 14344.20.

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 – 7190. 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 – 7190.   [2]  Open long above 7460 with stop loss 7370 for targets  7510 – 7550 / 7600 – 7640 / 7690 – 7730.

               

Nifty opened flat and traded expected. In first half Nifty registered high of 7512.55 than turned back towards our shorting level and declined very sharp below 7000. Nifty achieved our all three down side targets and registered low of 6869.00 in second half. Nifty lost massive 508 points ( - 6.79 % ) and closed in red.                            

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7010 and it would be declines towards 6920 – 6830 – 6740. Other hand above 7010 Nifty will be traded with positive bias and it would be tries to touch 7100 – 7190 - 7280.  Nifty have 1st Sup. at 6970 – 6920 & 2nd Sup. at 6880 – 6830 & 3rd Sup. at 6790 – 6740 and Nifty find 1st Res. at 7060 – 7100 & 2nd Res. at 7150 –7190 & 3rd Res. at 7240 – 7280.

Positional Trading Strategy:

[1]  Open short below 7010 with stop loss 7100 for targets 6970 – 6920 / 6880 – 6830 / 6790 – 6740. 

               

[2]  Open long above 7010 with stop loss 6920 for targets  7060 – 7100 / 7150 – 7190 / 7240 – 7280.

NIFTY :: OP = 7489.70 , HI = 7512.55 , LO = 6869.00 , CL = 6980.95.

                                               

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 positive and traded expected. In first half Bank Nifty registered high of 15367.90 and achieved our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined very sharp below 14000. Bank Nifty registered low of 13810.60 and achieved our all three down side targets in second half.  Bank Nifty lost massive 1190 points ( - 7.85 % ) and closed in red.         

                                                                      

                             Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 13940 and it would be declines towards 13760 – 13580 – 13400. Other hand above 13940 Bank Nifty will be traded with positive bias and it would be tries to touch 14120 – 14300 - 14480.  Bank Nifty has 1st Sup. at 13850 – 13760 & 2nd Sup. at 13670 – 13580 & 3rd Sup. at 13490 – 13400 and Bank Nifty find 1st Res. at 14030 – 14120 & 2nd Res. at 14210 – 14300 & 3rd Res. at 14390 - 14480.

Positional Trading Strategy:

[1]  Open short below 13940 with stop loss 14120 for targets 13850 – 13760 / 13670 – 13580 / 13490 – 13400. 

[2]  Open long above 13940 with stop loss 13760 for targets  14030 – 14120 / 14210 – 14300 / 14390 – 14480.

BANK NIFTY :: OP = 14088.60 , HI = 14154.55 , LO = 13810.60 , CL = 13971.50.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested 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 opened positive and registered high of 7600.45 but failed to sustain above 7600 in first half. After that Nifty turned back sharply and hit our stop loss. [ Nifty Hit Our Stop Loss, It Happens 5^th Time In Last 6 Years ]. Nifty registered low of 7350.30 and took support near 7370 than tried to recover the losses in second half. Nifty lost 74 points ( - 0.98 % ) 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 – 7190. 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 – 7190 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 – 7190. 

               

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

NIFTY :: OP = 7589.50 , HI = 7600.45 , LO = 7350.30 , CL = 7489.10.

                                               

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 15565.50 than turned back towards our shorting level and declined sharp towards 14750. Bank Nifty achieved our all three down side targets and registered low of 14761.40, after that Bank Nifty turned up and tried to recover the losses in second half.  Bank Nifty lost massive 360 points ( - 2.32 % ) 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 = 15547.75 , HI = 15585.50 , LO = 14761.40 , CL = 15162.05.