Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 – 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450. “ Suggested Positional Trading Strategy :   [1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910.   [2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8285.60 and achieved our 1^st upside target. After that Nifty turned back towards our shorting level and declined sharp below 8000. Nifty registered low of 7927.05 and achieved our all three down side targets in second half. Nifty lost 81 points ( - 1.00 % ) and closed in red.                                                         

                               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 8050 – 8000 & 2nd Sup. at 7960 – 7910 & 3rd Sup. at 7870 – 7820 and Nifty find 1st Res. at 8140 – 8180 & 2nd Res. at 8230 –8270 & 3rd Res. at 8320 – 8360.

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 8090 with stop loss 8180 for targets 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Open long above 8090 with stop loss 8000 for targets  8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8115.75 , HI = 8285.60 , LO = 7927.05 , CL = 8088.60. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17720 and it would be declines towards 17540 – 17360 – 17180. Other hand above 17720 Bank Nifty will be traded with positive bias and it would be tries to touch 17900 – 18080 - 18260. “ Suggested Positional Trading Strategy:   [1]  Open short below 17720 with stop loss 17900 for targets 17630 – 17540 / 17450 – 17360 / 17270 – 17180.   [2]  Open long above 17720 with stop loss 17540 for targets  17810 – 17900 / 17990– 18080/ 18170 – 18260.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 17907.50 and achieved our 1^st upside target. After that Bank Nifty turned back towards our shorting level and declined sharp below 17000. Bank Nifty achieved our all three down side targets and registered low of 16946.35 in second half. Bank Nifty lost 270 points ( - 1.53 % ) and closed in red.        

                                                                    

                       Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17450 and it would be declines towards 17270 – 17090 – 16910. Other hand above 17450 Bank Nifty will be traded with positive bias and it would be tries to touch 17630 – 17810 - 17990.  Bank Nifty has 1st Sup. at 17360 – 17270 & 2nd Sup. at 17180 – 17090 & 3rd Sup. at 17000 – 16910 and Bank Nifty find 1st Res. at 17540 – 17630 & 2nd Res. at 17720 – 17810 & 3rd Res. at 17900 - 17990.

Positional Trading Strategy:

[1]  Open short below 17450 with stop loss 17630 for targets 17360 – 17270 / 17180 – 17090 / 17000 – 16910. 

[2]  Open long above 17450 with stop loss 17270 for targets  17540 – 17630 / 17720– 17810/ 17900 – 17990.

BANK NIFTY :: OP = 17425.80 , HI = 17907.50 , LO = 16946.35 , CL = 17426.05.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 – 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450. “ Suggested Positional Trading Strategy :   [1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910.   [2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

               

Nifty opened negative and traded expected. In first half Nifty registered low of 8063.90 than turned up and registered high of 8213.20. After that Nifty turned back towards our shorting level and declined below 8100 and achieved our 1^st down side target in second half and closed flat. 

                                                 

                               Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 – 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450.  Nifty have 1st Sup. at 8140 – 8090 & 2nd Sup. at 8050 – 8000 & 3rd Sup. at 7960 – 7910 and Nifty find 1st Res. at 8230 – 8270 & 2nd Res. at 8320 –8360 & 3rd Res. at 8410 – 8450.

Positional Trading Strategy:

[1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910. 

               

[2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

NIFTY :: OP = 8102.25 , HI = 8213.20 , LO = 8063.90 , CL = 8170.20. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17810 and it would be declines towards 17630 – 17450 – 17270. Other hand above 17810 Bank Nifty will be traded with positive bias and it would be tries to touch 17990 – 18170 - 18350. “ Suggested Positional Trading Strategy:   [1]  Open short below 17810 with stop loss 17990 for targets 17720 – 17630 / 17540 – 17450 / 17360 – 17270.   [2]  Open long above 17810 with stop loss 17630 for targets  17900 – 17990 / 18080– 18170/ 18260 – 18350.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 17527.55 than turned up towards our buying level and almost achieved our 1^st upside target. After that Bank Nifty declined below our shorting level and achieved our 1^st down side target in second half. Bank Nifty lost 132 points ( - 0.74 % ) and closed in red.        

                                                                   

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 17720 and it would be declines towards 17540 – 17360 – 17180. Other hand above 17720 Bank Nifty will be traded with positive bias and it would be tries to touch 17900 – 18080 - 18260.  Bank Nifty has 1st Sup. at 17630 – 17540 & 2nd Sup. at 17450 – 17360 & 3rd Sup. at 17270 – 17180 and Bank Nifty find 1st Res. at 17810 – 17900 & 2nd Res. at 17990 – 18080 & 3rd Res. at 18170 - 18260.

Positional Trading Strategy:

[1]  Open short below 17720 with stop loss 17900 for targets 17630 – 17540 / 17450 – 17360 / 17270 – 17180. 

[2]  Open long above 17720 with stop loss 17540 for targets  17810 – 17900 / 17990– 18080/ 18170 – 18260.

BANK NIFTY :: OP = 17620.55 , HI = 17943.65 , LO = 17527.55 , CL = 17696.05.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090 – 8000. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450 - 8540. “ Suggested Positional Trading Strategy :   [1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8140 / 8090 – 8050 / 8000 – 7960.   [2]  Open long above 8230 with stop loss 8140 for targets  8270 – 8320 / 8360 – 8400 / 8450 – 8500.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8294.95 and tried to achieve our 1^st upside target but not succeeded to sustain at higher level. After that Nifty declined below 8200 and registered low of 8162.85 in second half. Nifty lost 50 points ( - 0.62 % ) and closed in red.                                                 

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8180 and it would be declines towards 8090 – 8000 – 7910. Other hand above 8180 Nifty will be traded with positive bias and it would be tries to touch 8270 – 8360 - 8450.  Nifty have 1st Sup. at 8140 – 8090 & 2nd Sup. at 8050 – 8000 & 3rd Sup. at 7960 – 7910 and Nifty find 1st Res. at 8230 – 8270 & 2nd Res. at 8320 –8360 & 3rd Res. at 8410 – 8450.

Positional Trading Strategy:

[1]  Open short below 8180 with stop loss 8270 for targets 8140 – 8090 / 8050 – 8000 / 7960 – 7910. 

               

[2]  Open long above 8180 with stop loss 8090 for targets  8230 – 8270 / 8320 – 8360 / 8410 – 8450.

NIFTY :: OP = 8228.75 , HI = 8294.95 , LO = 8162.85 , CL = 8170.05. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17720 and it would be declines towards 17540 – 17360 – 17180. Other hand above 17720 Bank Nifty will be traded with positive bias and it would be tries to touch 17900 – 18080 - 18260. “ Suggested Positional Trading Strategy:   [1]  Open short below 17720 with stop loss 17900 for targets 17630 – 17540 / 17450 – 17360 / 17270 – 17180.   [2]  Open long above 17720 with stop loss 17540 for targets  17810 – 17900 / 17990– 18080/ 18170 – 18260.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 17636.90 than turned up towards our buying level and then gave rally above 18000. Bank Nifty achieved our 2^nd upside target and registered high of 18051.50 in second half. Bank Nifty gained 147 points ( + 0.84 % ) and closed in green.        

                                                                   

                                 Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17810 and it would be declines towards 17630 – 17450 – 17270. Other hand above 17810 Bank Nifty will be traded with positive bias and it would be tries to touch 17990 – 18170 - 18350.  Bank Nifty has 1st Sup. at 17720 – 17630 & 2nd Sup. at 17540 – 17450 & 3rd Sup. at 17360 – 17270 and Bank Nifty find 1st Res. at 17900 – 17990 & 2nd Res. at 18080 – 18170 & 3rd Res. at 18260 - 18350.

Positional Trading Strategy:

[1]  Open short below 17810 with stop loss 17990 for targets 17720 – 17630 / 17540 – 17450 / 17360 – 17270. 

[2]  Open long above 17810 with stop loss 17630 for targets  17900 – 17990 / 18080– 18170/ 18260 – 18350.

BANK NIFTY :: OP = 17710.45 , HI = 18051.50 , LO = 17636.90 , CL = 17828.60.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Nifty registered low of 8134.30 than turned up towards our buying level and gave rally towards 8300. Nifty achieved our 1^st upside target and registered high of 8262.00 in second half. Nifty gained 64 points ( + 0.79 % ) and closed in green. 

                                                        

                                 Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8270 and it would be declines towards 8180 – 8090 – 8000. Other hand above 8270 Nifty will be traded with positive bias and it would be tries to touch 8360 – 8450 - 8540.  Nifty have 1st Sup. at 8230 – 8180 & 2nd Sup. at 8140 – 8090 & 3rd Sup. at 8050 – 8000 and Nifty find 1st Res. at 8320 – 8360 & 2nd Res. at 8410 –8450 & 3rd Res. at 8500 – 8540.

Positional Trading Strategy:

[1]  Open short below 8230 with stop loss 8320 for targets 8180 – 8140 / 8090 – 8050 / 8000 – 7960. 

               

[2]  Open long above 8230 with stop loss 8140 for targets  8270 – 8320 / 8360 – 8400 / 8450 – 8500.

NIFTY :: OP = 8166.50 , HI = 8262.00 , LO = 8134.30 , CL = 8220.80. 

                                             

Ø  Bank Nifty Review

We said last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Bank Nifty registered low of 17350.45 than turned up towards our buying level and then gave rally towards 17800. Bank Nifty achieved our 1^st upside target and registered high of 17762.05 in second half. Bank Nifty gained 169 points ( + 0.97 % ) and closed in green.        

                                                                   

                            Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17720 and it would be declines towards 17540 – 17360 – 17180. Other hand above 17720 Bank Nifty will be traded with positive bias and it would be tries to touch 17900 – 18080 - 18260.  Bank Nifty has 1st Sup. at 17630 – 17540 & 2nd Sup. at 17450 – 17360 & 3rd Sup. at 17270 – 17180 and Bank Nifty find 1st Res. at 17810 – 17900 & 2nd Res. at 17990 – 18080 & 3rd Res. at 18170 - 18260.

Positional Trading Strategy:

[1]  Open short below 17720 with stop loss 17900 for targets 17630 – 17540 / 17450 – 17360 / 17270 – 17180. 

[2]  Open long above 17720 with stop loss 17540 for targets  17810 – 17900 / 17990– 18080/ 18170 – 18260.

BANK NIFTY :: OP = 17580.85 , HI = 17762.05 , LO = 17350.45 , CL = 17680.80.