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 7715.80 than turned up towards our buying level and gave smart rally above 8100.. Nifty achieved our all three upside targets and registered high of 8164.20 in second half. Nifty gained massive 406 points ( + 5.25 % ) and closed in green.                           

                                 Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8090 and it would be declines towards 8000 – 7910 – 7820. Other hand above 8090 Nifty will be traded with positive bias and it would be tries to touch 8180 – 8270 - 8360.  Nifty have 1st Sup. at 8090 – 8050 & 2nd Sup. at 8000 – 7960 & 3rd Sup. at 7910 – 7870 and Nifty find 1st Res. at 8180 – 8230 & 2nd Res. at 8270 –8320 & 3rd Res. at 8360 – 8410.

Positional Trading Strategy:

[1]  Open short below 8140 with stop loss 8230 for targets 8090 – 8050 / 8000 – 7960 / 7910 – 7870. 

               

[2]  Open long above 8140 with stop loss 8050 for targets  8180 – 8230 / 8270 – 8320 / 8360 – 8410.

NIFTY :: OP = 7813.95 , HI = 8164.20 , LO = 7715.80 , CL = 8156.65. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 16460 and it would be declines towards 16280 – 16100 – 15920. Other hand above 16460 Bank Nifty will be traded with positive bias and it would be tries to touch 16640 – 16820 - 17000. “ Suggested Positional Trading Strategy:   [1]  Open short below 16460 with stop loss 16640 for targets 16370 – 16280 / 16190 – 16100 / 16010 – 15920.   [2]  Open long above 16460 with stop loss 16280 for targets  16550 – 16640 / 16730– 16820/ 16910 – 17000.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 16368 than turned up towards our buying level and then gave smart rally above 17500. Bank Nifty achieved our all three upside targets and registered high of 17543.30 in second half. Bank Nifty gained massive 1030 points ( + 6.25 % ) and closed in green.        

                                                                   

                                   Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17540 and it would be declines towards 17360 – 17180 – 17000. Other hand above 17540 Bank Nifty will be traded with positive bias and it would be tries to touch 17720 – 17900 - 18080.  Bank Nifty has 1st Sup. at 17450 – 17360 & 2nd Sup. at 17270 – 17180 & 3rd Sup. at 17090 – 17000 and Bank Nifty find 1st Res. at 17630 – 17720 & 2nd Res. at 17810 – 17900 & 3rd Res. at 17990 - 18080.

Positional Trading Strategy:

[1]  Open short below 17540 with stop loss 17720 for targets 17450 – 17360 / 17270 – 17180 / 17090 – 17000. 

[2]  Open long above 17540 with stop loss 17360 for targets  17630 – 17720 / 17810– 17900/ 17990 – 18080.

BANK NIFTY :: OP = 16560.15 , HI = 17543.30 , LO = 16368.00 , CL = 17511.80.

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 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 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 high of 7940.10 and achieved our 1^st upside target. After that Nifty turned back towards our shorting level and declined sharp below 7800. Nifty registered low of 7735.75 and achieved our 1^st down side target in second half. Nifty lost 65 points ( - 0.83 % ) and closed in red.                           

                          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.

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 = 7831.20 , HI = 7940.10 , LO = 7735.75 , CL = 7749.70. 

                                             

Ø  Bank Nifty Review

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Bank Nifty registered low of 16431.65 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and then gave rally towards 16910. Bank Nifty achieved our 1^st upside target and registered high of 16903.35 not succeeded to hold the gains in second half. Bank Nifty lost 235 points ( - 1.41 % ) and closed in red.        

                                                                   

                                 Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 16460 and it would be declines towards 16280 – 16100 – 15920. Other hand above 16460 Bank Nifty will be traded with positive bias and it would be tries to touch 16640 – 16820 - 17000.  Bank Nifty has 1st Sup. at 16370 – 16280 & 2nd Sup. at 16190 – 16100 & 3rd Sup. at 16010 – 15920 and Bank Nifty find 1st Res. at 16550 – 16640 & 2nd Res. at 16730 – 16820 & 3rd Res. at 16910 - 17000.

Positional Trading Strategy:

[1]  Open short below 16460 with stop loss 16640 for targets 16370 – 16280 / 16190 – 16100 / 16010 – 15920. 

[2]  Open long above 16460 with stop loss 16280 for targets  16550 – 16640 / 16730– 16820/ 16910 – 17000.

BANK NIFTY :: OP = 16744.15 , HI = 16903.35 , LO = 16431.65 , CL = 16481.45.

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 7753.55 then turned up and gave rally towards 7900. Nifty registered high of 7916.05 and achieved our 2^nd upside target in second half. Nifty gained 81 points ( + 1.05 % ) 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 7820 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.

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 = 7755.25 , HI = 7916.05 , LO = 7753.55 , CL = 7814.90. 

                                             

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 16357.00 than gave smart rally towards 17000.  Bank Nifty registered high of 16962 and achieved our all three upside targets in second half. Bank Nifty gained massive 420 points ( + 2.58 % ) 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 = 16357.00 , HI = 16962.00 , LO = 16357.00 , CL = 1676.90.

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 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 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 negative and traded expected. In first half Nifty registered high of 7890.25 than turned back towards our shorting level and then declined sharp below 7700. Nifty registered low of 7678.35 and achieved our 1^st down side target in second half. Nifty lost 116 points ( - 1.48 % ) and closed in red.                           

                                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.

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 = 7822.70 , HI = 7890.25 , LO = 7678.35 , CL = 7733.45. 

                                             

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 negative and traded expected. In first half Bank Nifty registered high of 16719.40 then declined sharp below 16200. Bank Nifty registered low of 16186.25 in second half. Bank Nifty lost massive 498 points ( - 2.97 % ) and closed in red.        

                                                                   

                                         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 = 16614.00 , HI = 16719.40 , LO = 16186.25 , CL = 16296.60.

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 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 opened negative and traded expected. In first half Nifty achieved our 1^st down side target than turned up towards our buying level and gave rally towards 8000. Nifty achieved our 1^st upside target and registered high of 7992 after that declined sharp and registered low of 7788.70 and once again achieved our 1^st down side target in second half. Nifty lost 49 points ( - 0.63 % ) and closed in red.                           

                                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 7820 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.

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 = 7894.80 , HI = 7992.00 , LO = 7788.70 , CL = 7849.80. 

                                             

Ø  Bank Nifty Review

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Bank Nifty registered high of 17029.85 and achieved our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined sharp and achieved our 1^st down side target. Nifty registered low of 16527.55 in second half. Bank Nifty gained 91 points ( + 0.55 % ) and closed in green.        

                                                                   

                             Bank Nifty Review For This Week

We expect, 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.  Bank Nifty has 1st Sup. at 16730 – 16640 & 2nd Sup. at 16550 – 16460 & 3rd Sup. at 16370 – 16280 and Bank Nifty find 1st Res. at 16910 – 17000 & 2nd Res. at 17090 – 17180 & 3rd Res. at 17270 - 17360.

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 :: OP = 16746.95 , HI = 17029.85 , LO = 16527.55 , CL = 16795.00.