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]