Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360 – 8270. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720 - 8810. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8540 with support 8630 & resistance are 8500 – 8450 / 8410 – 8360 / 8320 – 8270.   [2]  Nifty looks positive above 8540 with support 8450 & resistance are 8590 – 8630 / 8680 – 8720 / 8770 – 8810.

               

Nifty opened negative and traded expected. In first half Nifty registered low of 8517.20 than turned up towards our buying level and gave smart rally towards 8700. Nifty registered high of 8674.70 near our 1^st resistance in second half. Nifty gained 97 points ( + 1. 14 % ) and closed in green.            

                                                          

                                   Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8630 and it would be declines towards 8540 – 8450 – 8360. Other hand above 8630 Nifty will be traded with positive bias and it would be tries to touch 8720 – 8810 - 8900.  Nifty have 1st Sup. at 8590 – 8540 & 2nd Sup. at 8500 – 8450 & 3rd Sup. at 8410 – 8360 and Nifty find 1st Res. at 8680 – 8720 & 2nd Res. at 8770 –8810 & 3rd Res. at 8860 – 8900.

Ø  “  We Expect After 1^st Or 2^nd Week Of August  2016 Nifty should starts fresh down move and it should be breach recent swing low of 6825. Nifty should registers new low and declines Very sharp till 2017 end. In this swing every assets class also declines and affects. Cash on hand strategy may be useful for this entire period. [ Nifty should declines 2000 points and minimum for 1 year ] so be careful. “

Ø  There are 2 probabilities, what we expect [1] Nifty will be declines from 8720-8810 than fall will be slow and steady. [2] Nifty will be declines from 8900-8990 than it falls very sharp.

Disclaimer:: This view is  our personal prediction and it is not based on any technical chart or parameters or not based  on any kind of astrology.  This view is our personal vision and only for education purpose. We don’t recommend any buy or sell. [Strictly restricts]. Please take proper advice from your financial adviser or experts before taking any type of action regarding this view. Once again, we clarify this is our personal view and we are not liable for any type of profit/loss or any buy/sell decision taking by you. 

Positional Strategy:

[1]  Nifty looks negative below 8630 with support 8720 & resistance are 8590 – 8540 / 8500 – 8450 / 8410 – 8360. 

               

[2]  Nifty looks positive above 8630 with support 8540 & resistance are 8680 – 8720 / 8770 – 8810 / 8860 – 8900.

NIFTY :: OP = 8519.95 , HI = 8674.70 , LO = 8517.20 , CL = 8638.50. 

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts to paper exercise only]   

                                      

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 18710 and it would be declines towards 18530 – 18350 – 18170. Other hand above 18710 Bank Nifty will be traded with positive bias and it would be tries to touch 18890 – 19070 - 19250. “ Suggested Positional Trading Strategy:   [[1]  Bank Nifty looks negative below 18710 with support 18890 & resistance are 18620 – 18530 / 18440 – 18350 / 18260 – 18170.   [2]  Bank Nifty looks positive above 18710 with support 18530 & resistance are 18800 – 18890 / 18980– 19070/ 19160 – 19250.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 18572.10 than turned up towards our buying level and gave smart rally above 19100. Nifty registered high of 19126.75 near our 2^nd resistance in second half. Bank Nifty gained 262 points ( + 1.39 % ) and closed in green.        

                                                                   

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18980 and it would be declines towards 18800 – 18620 – 18440. Other hand above 18980 Bank Nifty will be traded with positive bias and it would be tries to touch 19160 – 19340 - 19520.  Bank Nifty has 1st Sup. at 18890 – 18800 & 2nd Sup. at 18710 – 18620 & 3rd Sup. at 18530 – 18440 and Bank Nifty find 1st Res. at 19070 – 19160 & 2nd Res. at 19250 – 19340& 3rd Res. at 19430 - 19520.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18980 with support 19160 & resistance are 18890 – 18800 / 18710 – 18620 / 18530 – 18440. 

[2]  Bank Nifty looks positive above 18980 with support 18800 & resistance are 19070 – 19160 / 19250– 19340/ 19430 – 19520.

BANK NIFTY :: OP = 18594.95 , HI = 19126.75 , LO = 18572.0 , CL = 18953.15.

 Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts for paper exercise only]

Weekly Review For Nifty & Bank Nifty

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360 – 8270. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720 - 8810. “ Suggested Positional Trading Strategy :   [1]  Open short below 8540 with stop loss 8630 for targets 8500 – 8450 / 8410 – 8360 / 8320 – 8270.   [2]  Open long above 8540 with stop loss 8450 for targets  8590 – 8630 / 8680 – 8720 / 8770 – 8810.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8587.10 than turned back and declined below 8500. Nifty traded in narrow range of 110 points and registered low of 8476.70 in second half. Nifty closed flat and remains technical level same.                     

                          

                                  Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360 – 8270. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720 - 8810.  Nifty have 1st Sup. at 8500 – 8450 & 2nd Sup. at 8410 – 8360 & 3rd Sup. at 8320 – 8270 and Nifty find 1st Res. at 8590 – 8630 & 2nd Res. at 8680 –8720 & 3rd Res. at 8770 – 8810.

We expect volatility to remains in the market on account of F & O expiry in this week. Hence be cautious and trade carefully.

Positional Strategy:

[1]  Nifty looks negative below 8540 with support 8630 & resistance are 8500 – 8450 / 8410 – 8360 / 8320 – 8270. 

               

[2]  Nifty looks positive above 8540 with support 8450 & resistance are 8590 – 8630 / 8680 – 8720 / 8770 – 8810.

NIFTY :: OP = 8564.05 , HI = 8587.10 , LO = 8476.70 , CL = 8541.20. 

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts for paper exercise only]

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 18980 and it would be declines towards 18800 – 18620 – 18440. Other hand above 18980 Bank Nifty will be traded with positive bias and it would be tries to touch 19160 – 19340 - 19520. “ Suggested Positional Trading Strategy:   [1]  Open short below 18980 with stop loss 19160 for targets 18890 – 18800 / 18710 – 18620 / 18530 – 18440.   [2]  Open long above 18980 with stop loss 18800 for targets  19070 – 19160 / 19250– 19340/ 19430 – 19520.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 19158.00 and achieved our 1si upside target. After that Bank Nifty turned back towards our shorting level and then declined sharp towards 18500. Bank Nifty registered low of 18551.30 and achieved our all three down side targets in second half. Bank Nifty lost 263 points ( - 1.39 % ) and closed in red.        

                                                                   

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18710 and it would be declines towards 18530 – 18350 – 18170. Other hand above 18710 Bank Nifty will be traded with positive bias and it would be tries to touch 18890 – 19070 - 19250.  Bank Nifty has 1st Sup. at 18620 – 18530 & 2nd Sup. at 18440 – 18350 & 3rd Sup. at 18260 – 18170 and Bank Nifty find 1st Res. at 18800 – 18890 & 2nd Res. at 18980 – 19070 & 3rd Res. at 19160 - 19250.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18710 with support 18890 & resistance are 18620 – 18530 / 18440 – 18350 / 18260 – 18170. 

[2]  Bank Nifty looks positive above 18710 with support 18530 & resistance are 18800 – 18890 / 18980– 19070/ 19160 – 19250.

BANK NIFTY :: OP = 18998.30 , HI = 19158.00 , LO = 18551.30 , CL = 18690.40.

Disclaimer:: This view is only for education purpose. We don’t recommend any buy or sell. [Strictly restricts for paper exercise only]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540 - 8630. “ Suggested Positional Trading Strategy :   [1]  Open short below 8320 with stop loss 8410 for targets 8270 – 8230 / 8180 – 8140 / 8090 – 8050.   [2]  Open long above 8320 with stop loss 8230 for targets  8360 – 8410 / 8450 – 8500 / 8540 – 8590.

               

Nifty opened with gape up and traded expected. In first half Nifty registered low of 8407.05 than turned up and gave smart rally towards 8600. Nifty registered high of 8594.80 near our 3^rd target in second half. Nifty gained massive 218 points ( + 2. 62  % ) and closed in green.                                                   

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8540 and it would be declines towards 8450 – 8360 – 8270. Other hand above 8540 Nifty will be traded with positive bias and it would be tries to touch 8630 – 8720 - 8810.  Nifty have 1st Sup. at 8500 – 8450 & 2nd Sup. at 8410 – 8360 & 3rd Sup. at 8320 – 8270 and Nifty find 1st Res. at 8590 – 8630 & 2nd Res. at 8680 –8720 & 3rd Res. at 8770 – 8810.

Positional Trading Strategy:

[1]  Open short below 8540 with stop loss 8630 for targets 8500 – 8450 / 8410 – 8360 / 8320 – 8270. 

               

[2]  Open long above 8540 with stop loss 8450 for targets  8590 – 8630 / 8680 – 8720 / 8770 – 8810.

NIFTY :: OP = 8413.35 , HI = 8594.80 , LO = 8407.05 , CL = 8541.40. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17990 and it would be declines towards 17810 – 17630 – 17450. Other hand above 17990 Bank Nifty will be traded with positive bias and it would be tries to touch 18170 – 18350 - 18530. “ Suggested Positional Trading Strategy:   [1]  Open short below 17990 with stop loss 18170 for targets 17900 – 17810 / 17720 – 17630 / 17540 – 17450.   [2]  Open long above 17990 with stop loss 17810 for targets  18080 – 18170 / 18260– 18350/ 18440 – 18530.

Bank Nifty opened with gape up and traded expected. In first half Bank Nifty registered low of 18243.30 than turned up and gave smart rally above 19000.  Bank Nifty registered high of 19016.10 in second half. Bank Nifty gained massive 937 points ( + 5.20 % ) and closed in green.        

                                                                   

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18980 and it would be declines towards 18800 – 18620 – 18440. Other hand above 18980 Bank Nifty will be traded with positive bias and it would be tries to touch 19160 – 19340 - 19520.  Bank Nifty has 1st Sup. at 18890 – 18800 & 2nd Sup. at 18710 – 18620 & 3rd Sup. at 18530 – 18440 and Bank Nifty find 1st Res. at 19070 – 19160 & 2nd Res. at 19250 – 19340 & 3rd Res. at 19430 - 19520.

Positional Trading Strategy:

[1]  Open short below 18980 with stop loss 19160 for targets 18890 – 18800 / 18710 – 18620 / 18530 – 18440. 

[2]  Open long above 18980 with stop loss 18800 for targets  19070 – 19160 / 19250– 19340/ 19430 – 19520.

BANK NIFTY :: OP = 18268.15 , HI = 19016.10 , LO = 18243.30 , CL = 18953.65.

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540 - 8630. “ Suggested Positional Trading Strategy :   [1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 / 8230 – 8180 / 8140 – 8090.   [2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 / 8500 – 8540 / 8590 – 8630.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8398.45 than turned back towards our shorting level and then declined below 8300. Nifty registered low of 8287.55 and achieved our 1^st down side target in second half. Nifty lost 5 points (  0. 06 % ) and closed in red.                                                   

                            Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540 - 8630.  Nifty have 1st Sup. at 8320 – 8270 & 2nd Sup. at 8230 – 8180 & 3rd Sup. at 8140 – 8090 and Nifty find 1st Res. at 8410 – 8450 & 2nd Res. at 8500 –8540 & 3rd Res. at 8590 – 8630.

Positional Trading Strategy:

[1]  Open short below 8320 with stop loss 8410 for targets 8270 – 8230 / 8180 – 8140 / 8090 – 8050. 

               

[2]  Open long above 8320 with stop loss 8230 for targets  8360 – 8410 / 8450 – 8500 / 8540 – 8590.

NIFTY :: OP = 8376.75 , HI = 8398.45 , LO = 8287.55 , CL = 8323.20. 

                                             

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 17990 and it would be declines towards 17810 – 17630 – 17450. Other hand above 17990 Bank Nifty will be traded with positive bias and it would be tries to touch 18170 – 18350 - 18530. “ Suggested Positional Trading Strategy:   [1]  Open short below 17990 with stop loss 18170 for targets 17900 – 17810 / 17720 – 17630 / 17540 – 17450.   [2]  Open long above 17990 with stop loss 17810 for targets  18080 – 18170 / 18260– 18350/ 18440 – 18530.

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 18146.55 and achieved our 1^st upside target. After that bank nifty traded in narrow range for rest of the week and registered low of 17910.90 in second half. Bank Nifty gained 30 points ( + 0.16 % ) and closed in green.        

                                                                   

                               Bank Nifty Review For This Week

We expect same, Bank Nifty will be traded with negative bias below 17990 and it would be declines towards 17810 – 17630 – 17450. Other hand above 17990 Bank Nifty will be traded with positive bias and it would be tries to touch 18170 – 18350 - 18530.  Bank Nifty has 1st Sup. at 17900 – 17810 & 2nd Sup. at 17720 – 17630 & 3rd Sup. at 17540 – 17450 and Bank Nifty find 1st Res. at 18080 – 18170 & 2nd Res. at 18260 – 18350 & 3rd Res. at 18440 - 18530.

Positional Trading Strategy:

[1]  Open short below 17990 with stop loss 18170 for targets 17900 – 17810 / 17720 – 17630 / 17540 – 17450. 

[2]  Open long above 17990 with stop loss 17810 for targets  18080 – 18170 / 18260– 18350/ 18440 – 18530.

BANK NIFTY :: OP = 18091.75 , HI = 18146.55 , LO = 17910.90 , CL = 1806.25.

Weekly Review For Nifty & BankNifty

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 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 8039.35 than turned up towards our buying level and gave smart rally above 8300. Nifty registered high of 8356.75 and achieved our all three upside targets in second half. Nifty gained massive 239 points ( + 2.96 % ) and closed in green.                                                

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8360 and it would be declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be traded with positive bias and it would be tries to touch 8450 – 8540 - 8630.  Nifty have 1st Sup. at 8320 – 8270 & 2nd Sup. at 8230 – 8180 & 3rd Sup. at 8140 – 8090 and Nifty find 1st Res. at 8410 – 8450 & 2nd Res. at 8500 –8540 & 3rd Res. at 8590 – 8630.

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

Positional Trading Strategy:

[1]  Open short below 8360 with stop loss 8450 for targets 8320 – 8270 / 8230 – 8180 / 8140 – 8090. 

               

[2]  Open long above 8360 with stop loss 8270 for targets  8410 – 8450 / 8500 – 8540 / 8590 – 8630.

NIFTY :: OP = 8039.35 , HI = 8356.75 , LO = 8039.35 , CL = 8328.35. 

                                             

Ø  Bank Nifty Review

We said last week “ 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. “ Suggested 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 opened negative and traded expected. In first half Bank Nifty registered low of 17346.30 than turned up towards our buying level and gave smart rally above 18000. Bank Nifty achieved our all three upside targets and registered high of 18074.95 in second half. Bank Nifty gained massive 559 points ( + 3.21 % ) and closed in green.        

                                

                                   

                               Bank Nifty Review For This Week 

We expect, Bank Nifty will be traded with negative bias below 17990 and it would be declines towards 17810 – 17630 – 17450. Other hand above 17990 Bank Nifty will be traded with positive bias and it would be tries to touch 18170 – 18350 - 18530.  Bank Nifty has 1st Sup. at 17900 – 17810 & 2nd Sup. at 17720 – 17630 & 3rd Sup. at 17540 – 17450 and Bank Nifty find 1st Res. at 18080 – 18170 & 2nd Res. at 18260 – 18350 & 3rd Res. at 18440 - 18530.

Positional Trading Strategy:

[1]  Open short below 17990 with stop loss 18170 for targets 17900 – 17810 / 17720 – 17630 / 17540 – 17450. 

[2]  Open long above 17990 with stop loss 17810 for targets  18080 – 18170 / 18260– 18350/ 18440 – 18530.

BANK NIFTY :: OP = 17346.30 , HI = 18074.95 , LO = 17346.30 , CL = 17985.65.