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 – 7550. Other hand above 7550 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 7820 with stop loss 7910 for targets 7780 – 7730 / 7690 – 7640 / 7600 – 7550.   [2]  Open long above 7820 with stop loss 7730 for targets  7870 – 7910 / 7960 – 8000 / 8050 – 8090.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 7842.75 than turned up towards our buying level and then gave rally towards 8000. Nifty achieved our 2^nd upside targets and registered high of 7978.45 in second half. Nifty gained 48 points ( + 0.62 % ) 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.

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 7910 with stop loss 8000 for targets 7870 – 7820 / 7780 – 7730 / 7690 – 7640. 

               

[2]  Open long above 7910 with stop loss 7820 for targets  7960 – 8000 / 8050 – 8090 / 8140 – 8180.

NIFTY :: OP = 7908.15 , HI = 7978.45 , LO = 7842.75 , CL = 7899.30. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 16280 and it would be declines towards 16100 – 15920 – 15740. Other hand above 16280 Bank Nifty will be traded with positive bias and it would be tries to touch 16460 – 16640 - 16820. “ Suggested Positional Trading Strategy:   [1]  Open short below 16280 with stop loss 16460 for targets 16190 – 16100 / 16010 – 15920 / 15830 – 15740.   [2]  Open long above 16280 with stop loss 16100 for targets  16370 – 16460 / 16550– 16640/ 16730 – 16820.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 16011.90 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and then gave smart rally and achieved our all three upside targets and registered high of 16769.55 in second half. Bank Nifty gained massive 424 points ( + 2.61 % ) and closed in green.        

                                                                   

                            Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16730 and it would be declines towards 16550 – 16370 – 16190. Other hand above 16730 Bank Nifty will be traded with positive bias and it would be tries to touch 16910 – 17090 - 17270.  Bank Nifty has 1st Sup. at 16640 – 16550 & 2nd Sup. at 16460 – 16370 & 3rd Sup. at 16280 – 16190 and Bank Nifty find 1st Res. at 16820 – 16910 & 2nd Res. at 17000 – 17090 & 3rd Res. at 17180 - 17270.

Positional Trading Strategy:

[1]  Open short below 16730 with stop loss 16910 for targets 16640 – 16550 / 16460 – 16370 / 16280 – 16190. 

[2]  Open long above 16730 with stop loss 16550 for targets  16820 – 16910 / 17000– 17090/ 17180 – 17270.

BANK NIFTY :: OP = 16328.70 , HI = 16769.55 , LO = 16011.90 , CL = 16703.40.

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 traded expected. In first half Nifty registered low of 7516.85 than turned up towards our buying level and then gave smart rally above 7800. Nifty achieved our all three upside targets and registered high of 7864.80 in second half. Nifty gained massive 295 points ( + 3.91 % ) and closed in green.                           

                         Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 7820 and it would be declines towards 7730 – 7640 – 7550. Other hand above 7550 Nifty will be traded with positive bias and it would be tries to touch 7910 – 8000 - 8090.  Nifty have 1st Sup. at 7780 – 7730 & 2nd Sup. at 7690 – 7640 & 3rd Sup. at 7600 – 7550 and Nifty find 1st Res. at 7870 – 7910 & 2nd Res. at 7960 –8000 & 3rd Res. at 8050 – 8090.

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

Positional Trading Strategy:

[1]  Open short below 7820 with stop loss 7910 for targets 7780 – 7730 / 7690 – 7640 / 7600 – 7550. 

               

[2]  Open long above 7820 with stop loss 7730 for targets  7870 – 7910 / 7960 – 8000 / 8050 – 8090.

NIFTY :: OP = 7577.80 , HI = 7864.80 , LO = 7516.85 , CL = 7850.45. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15560 and it would be declines towards 15380 – 15200 – 15020. Other hand above 15560 Bank Nifty will be traded with positive bias and it would be tries to touch 15740 – 15920 - 16100. “ Suggested Positional Trading Strategy:   [1]  Open short below 15560 with stop loss 15740 for targets 15470 – 15380 / 15290 – 15200 / 15110 – 15020.   [2]  Open long above 15560 with stop loss 15380 for targets  15650 – 15740 / 15830– 15920 / 16010 – 16100.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 15440.25 than turned up towards our buying level and then gave smart rally above 16300. Bank Nifty achieved our all three upside targets and registered high of 16349.70 in second half. Bank Nifty gained massive 710 points ( + 3.75 % ) and closed in green.        

                                                                    

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16280 and it would be declines towards 16100 – 15920 – 15740. Other hand above 16280 Bank Nifty will be traded with positive bias and it would be tries to touch 16460 – 16640 - 16820.  Bank Nifty has 1st Sup. at 16190 – 16100 & 2nd Sup. at 16010 – 15920 & 3rd Sup. at 15830 – 15740 and Bank Nifty find 1st Res. at 16370 – 16460 & 2nd Res. at 16550 – 16640 & 3rd Res. at 16730 - 16820.

Positional Trading Strategy:

[1]  Open short below 16280 with stop loss 16460 for targets 16190 – 16100 / 16010 – 15920 / 15830 – 15740. 

[2]  Open long above 16280 with stop loss 16100 for targets  16370 – 16460 / 16550– 16640/ 16730 – 16820.

BANK NIFTY :: OP = 15623.35 , HI = 16349.70 , LO = 15440.25 , CL = 16278.55.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Nifty registered high of 7764.45 than turned back towards our shorting level and declined sharp towards 7500. Nifty achieved our 2^nd down side targets and registered low of 7526.70 in second half. Nifty lost massive 157 points ( - 2.05 % ) and closed in red.                           

                               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.

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 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 = 7733.15 , HI = 7764.45 , LO = 7526.70 , CL = 7555.20. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 16190 and it would be declines towards 16010 – 15830 – 15650. Other hand above 16190 Bank Nifty will be traded with positive bias and it would be tries to touch 16370 – 16550 - 16730. “ Suggested Positional Trading Strategy:   [1]  Open short below 16190 with stop loss 16370 for targets 16100 – 16010 / 15920 – 15830 / 15740 – 15650.   [2]  Open long above 16190 with stop loss 16010 for targets  16280 – 16370 / 16460– 16550 / 16640 – 16730.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 16278.50 than turned back towards our shorting level and declined sharp below 15500. Bank Nifty achieved our all three down side targets and registered low of 15458.05 in second half. Bank Nifty lost massive 606 points ( - 3.75 % ) and closed in red.        

                                                                    

                             Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 15560 and it would be declines towards 15380 – 15200 – 15020. Other hand above 15560 Bank Nifty will be traded with positive bias and it would be tries to touch 15740 – 15920 - 16100.  Bank Nifty has 1st Sup. at 15470 – 15380 & 2nd Sup. at 15290 – 15200 & 3rd Sup. at 15110 – 15020 and Bank Nifty find 1st Res. at 15650 – 15740 & 2nd Res. at 15830 – 15920 & 3rd Res. at 16010 - 16100.

Positional Trading Strategy:

[1]  Open short below 15560 with stop loss 15740 for targets 15470 – 15380 / 15290 – 15200 / 15110 – 15020. 

[2]  Open long above 15560 with stop loss 15380 for targets  15650 – 15740 / 15830– 15920 / 16010 – 16100.

BANK NIFTY :: OP = 16236.90 , HI = 16278.50 , LO = 15458.05 , CL = 15568.35.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Nifty registered low of 7582.25 and achieved our 1^st down side target. After that Nifty turned up and tried to recover the loss and registered high of 7777.60 in second half. Nifty lost 3 points ( - 0.04 % ) and closed in red.                            

                           Nifty Review For This Week

We expect same, 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 RBI Monetary policy review on Tuesday. So 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 = 7741.00 , HI = 7777.60 , LO = 7582.25 , CL = 7713.05. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 15920 and it would be declines towards 15740 – 15560 – 15380. Other hand above 15920 Bank Nifty will be traded with positive bias and it would be tries to touch 16100 – 16280 - 16460. “ Suggested 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 opened negative and traded expected. In first half Bank Nifty registered low of 15522.20 and achieved our 2^nd down side targets. After that Bank Nifty turned up towards our buying level and then registered high of 16282.75 and achieved our 2^nd upside targets in second half. Bank Nifty gained 287 points ( + 1.81 % ) and closed in green.        

                                                                    

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16190 and it would be declines towards 16010 – 15830 – 15650. Other hand above 16190 Bank Nifty will be traded with positive bias and it would be tries to touch 16370 – 16550 - 16730.  Bank Nifty has 1st Sup. at 16100 – 16010 & 2nd Sup. at 15920 – 15830 & 3rd Sup. at 15740 – 15650 and Bank Nifty find 1st Res. at 16280 – 16370 & 2nd Res. at 16460 – 16550 & 3rd Res. at 16640 - 16730.

Positional Trading Strategy:

[1]  Open short below 16190 with stop loss 16370 for targets 16100 – 16010 / 15920 – 15830 / 15740 – 15650. 

[2]  Open long above 16190 with stop loss 16010 for targets  16280 – 16370 / 16460– 16550 / 16640 – 16730.

BANK NIFTY :: OP = 15867.75 , HI = 16282.75 , LO = 15522.20 , CL = 16174.90.