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 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 positive and traded expected. In first half Nifty registered low of 7617.70 than turned up and gave rally towards 7730. Nifty achieved our 1^st upside target and registered high of 7728.20 in second half. Nifty gained 112 points ( + 1.47 % ) and closed in green.                            

                               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 1st Sup. at 7690 – 7640 & 2nd Sup. at 7600 – 7550 & 3rd Sup. at 7510 – 7460 and Nifty find 1st Res. at 7780 – 7820 & 2nd Res. at 7870 –7910 & 3rd Res. at 7960 – 8000.

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 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 = 7619.20 , HI = 7728.20 , LO = 7617.70 , CL = 7716.50. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15650 and it would be declines towards 15470 – 15290 – 15110. Other hand above 15650 Bank Nifty will be traded with positive bias and it would be tries to touch 15830 – 16010 - 16190. “ Suggested Positional Trading Strategy:   [1]  Open short below 15650 with stop loss 15830 for targets 15560 – 15470 / 15380 – 15290 / 15200 – 15110.   [2]  Open long above 15650 with stop loss 15470 for targets  15740 – 15830 / 15920– 16010 / 16100 – 16190.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 15735.55 than turned up and gave rally towards 16000. Bank Nifty registered high of 15967.85 in second half. Bank Nifty gained massive 486 points ( + 3.21 % ) and closed in green.        

                                                                    

                          Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15920 and it would be declines towards 15740 – 15560 – 15380. Other hand above 15650 Bank Nifty will be traded with positive bias and it would be tries to touch 16100 – 16280 - 16460.  Bank Nifty has 1st Sup. at 15830 – 15740 & 2nd Sup. at 15650 – 15560 & 3rd Sup. at 15470 – 15380 and Bank Nifty find 1st Res. at 16010 – 16100 & 2nd Res. at 16190 – 16280 & 3rd Res. at 16370 - 16460.

Positional Trading Strategy:

[1]  Open short below 15920 with stop loss 16100 for targets 15830 – 15740 / 15650 – 15560 / 15470 – 15380. 

[2]  Open long above 15920 with stop loss 15740 for targets  16010 – 16100 / 16190– 16280 / 16370 – 16460.

BANK NIFTY :: OP = 15735.55 , HI = 15967.85 , LO = 15735.55 , CL = 15887.75.

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 7510 with stop loss 7600 for targets 7460 – 7420 / 7370 – 7330 / 7280 – 7240.   [2]  Open long above 7510 with stop loss 7420 for targets  7550 – 7600 / 7640 – 7690 / 7730 – 7780.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 7405.15 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and gave rally above 7600. Nifty achieved our 1^st upside target and registered high of 7613.60 in second half. Nifty gained 94 points ( + 1.25 % ) 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 7550 – 7510 & 2nd Sup. at 7460 – 7420 & 3rd Sup. at 7370 – 7330 and Nifty find 1st Res. at 7640 – 7690 & 2nd Res. at 7730 –7780 & 3rd Res. at 7820 – 7870.

This is the small & truncated week with holidays on Thursday & Friday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

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 = 7542.60 , HI = 7613.60 , LO = 7405.15 , CL = 7604.35. 

                                             

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 low of 15178.30. After that Bank Nifty turned up and gave smart rally and achieved our all three upside targets and registered high of 15704.75 in second half. Bank Nifty gained massive 486 points ( + 3.21 % ) and closed in green.        

                                                                   

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15650 and it would be declines towards 15470 – 15290 – 15110. Other hand above 15650 Bank Nifty will be traded with positive bias and it would be tries to touch 15830 – 16010 - 16190.  Bank Nifty has 1st Sup. at 15560 – 15470 & 2nd Sup. at 15380 – 15290 & 3rd Sup. at 15200 – 15110 and Bank Nifty find 1st Res. at 15740 – 15830 & 2nd Res. at 15920 – 16010 & 3rd Res. at 16100 - 16190.

Positional Trading Strategy:

[1]  Open short below 15650 with stop loss 15830 for targets 15560 – 15470 / 15380 – 15290 / 15200 – 15110. 

[2]  Open long above 15650 with stop loss 15470 for targets  15740 – 15830 / 15920– 16010 / 16100 – 16190.

BANK NIFTY :: OP = 15309.05 , HI = 15704.75 , LO = 15178.30 , CL = 15654.85.

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 low of 7424.30 than turned up towards our buying level and achieved our 1^st upside target. Nifty registered high of 7547.10 in second half. Nifty gained 24 points ( + 0.33 % ) and closed in green.                            

                               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 7460 – 7420 & 2nd Sup. at 7370 – 7330 & 3rd Sup. at 7280 – 7240 and Nifty find 1st Res. at 7550 – 7600 & 2nd Res. at 7640 –7690 & 3rd Res. at 7730 – 7780.

Positional Trading Strategy:

[1]  Open short below 7510 with stop loss 7600 for targets 7460 – 7420 / 7370 – 7330 / 7280 – 7240. 

               

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

NIFTY :: OP = 7486.40 , HI = 7547.10 , LO = 7424.30 , CL = 7510.20. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15380 and it would be declines towards 15200 – 15020 – 14840. Other hand above 15380 Bank Nifty will be traded with positive bias and it would be tries to touch 15560 – 15740 - 15920. “ Suggested Positional Trading Strategy:   [1]  Open short below 15380 with stop loss 15560 for targets 15290 – 15200 / 15110 – 15020 / 14930 – 14840.   [2]  Open long above 15380 with stop loss 15200 for targets  15470 – 15560 / 15650 – 15740 / 15830 – 15920.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 14989.40 and achieved our 2^nd down side targets. After that Bank Nifty tried to recover the loss and registered high of 15354.15 in second half. Bank Nifty lost 171 points ( - 1.11 % ) 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 = 15323.45 , HI = 15354.15 , LO = 14989.40 , CL = 15168.20.

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 6825.80 and achieved our 2^nd down side targets. After that Nifty turned up towards our buying level and gave smart rally towards 7500. Nifty achieved our all three upside targets and registered high of 7505.90 in second half. Nifty gained massive 455 points ( + 6.48 % ) and closed in green.                            

                              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.

This is the small & truncated week with holidays on Monday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

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 = 7050.45 , HI = 7505.90 , LO = 6825.80 , CL = 7485.35.      

                                         

Ø  Bank Nifty Review

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Bank Nifty registered low of 13407.25 and achieved our 2^nd down side targets. After that Bank Nifty turned up towards our buying level and gave smart rally towards 15500. Bank Nifty achieved our all three upside targets and registered high of 15451.75 in second half. Bank Nifty gained massive 1547 points ( + 11.22 % ) and closed in green.         

                                                                   

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15380 and it would be declines towards 15200 – 15020 – 14840. Other hand above 15380 Bank Nifty will be traded with positive bias and it would be tries to touch 15560 – 15740 - 15920.  Bank Nifty has 1st Sup. at 15290 – 15200 & 2nd Sup. at 15110 – 15020 & 3rd Sup. at 14930 – 14840 and Bank Nifty find 1st Res. at 15470 – 15560 & 2nd Res. at 15650 – 15740 & 3rd Res. at 15830 - 15920.

Positional Trading Strategy:

[1]  Open short below 15380 with stop loss 15560 for targets 15290 – 15200 / 15110 – 15020 / 14930 – 14840. 

[2]  Open long above 15380 with stop loss 15200 for targets  15470 – 15560 / 15650 – 15740 / 15830 – 15920.

BANK NIFTY :: OP = 13818.90 , HI = 15451.75 , LO = 13407.25 , CL = 15339.20.