Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

Dear Subscribers & Readers,                           We as a Devsaty stocks would like to take this opportunity to wish you and your family a very Happy Diwali & prosperous New Year. May you all have a super successful trading year ahead. May GOD fulfill all your wishes in wealth, health and happiness in your life.

We said last week “ Nifty will be traded with negative bias below 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450.   [2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8736.95 than turned down towards our shorting level and declined towards 8540. Nifty achieved our 1^st down side target and registered low of 8550.25 in second half. Nifty lost 67 points ( - 0. 77 % ) and closed in red.                                              

                                                                                                                                                        

                               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.

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 = 8709.85 , HI = 8736.95 , LO = 8550.25 , CL = 8625.70.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19700 and it would be declines towards 19520 – 19340 – 19160. Other hand above 19700 Bank Nifty will be traded with positive bias and it would be tries to touch 19880 – 20060 - 20240. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19700 with support 19880 & resistance are 19610 – 19520 / 19430 – 19340 / 19250 – 19160.   [2]  Bank Nifty looks positive above 19700 with support 19520 & resistance are 19790 – 19880 / 19970– 20060/ 20150 – 20240.                                                                  

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 19922.70 and achieved our 1^st upside target after that Bank Nifty turned back towards our shorting level declined sharp below 19300. Bank Nifty achieved our 2^nd  down side targets and registered low of 19252.10 in second half. Bank Nifty lost 183 points ( - 0.83 % ) and closed in red.        

                                                                   

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 19520 and it would be declines towards 19340 – 19160 – 18980. Other hand above 19520 Bank Nifty will be traded with positive bias and it would be tries to touch 19700 – 19880 - 20060.  Bank Nifty has 1st Sup. at 19430 – 19340 & 2nd Sup. at 19250 – 19160 & 3rd Sup. at 19070 – 18980 and Bank Nifty find 1st Res. at 19610 – 19700 & 2nd Res. at 19790 – 19880 & 3rd Res. at 19970 - 20060.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 19520 with support 19700 & resistance are 19430 – 19340 / 19250 – 19160 / 19070 – 18980. 

[2]  Bank Nifty looks positive above 19520 with support 19340 & resistance are 19610 – 19700 / 19790– 19880/ 19970 – 20060.

BANK NIFTY :: OP = 19763.85 , HI = 19922.70 , LO = 19252.10 , CL = 19523.55.

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

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8590 with support 8680 & resistance are 8540 – 8500 / 8450 – 8410 / 8360 – 8320.   [2]  Nifty looks positive above 8590 with support 8500 & resistance are 8630 – 8680 / 8720 – 8770 / 8810 – 8860.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 8506.15 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and then achieved our 1^st upside target and registered high of 8727 in second half. Nifty gained 109 points ( + 1. 25 % ) and closed in green.                                                                                       

                                                                                                                                                                                                                                                          

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990.  Nifty have 1st Sup. at 8680 – 8630 & 2nd Sup. at 8590 – 8540 & 3rd Sup. at 8500 – 8450 and Nifty find 1st Res. at 8770 – 8810 & 2nd Res. at 8860 – 8900 & 3rd Res. at 8950 – 8990.

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 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450. 

               

[2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990.

NIFTY :: OP = 8612.95 , HI = 8727.00 , LO = 8506.15 , CL = 8693.05.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19070 and it would be declines towards 18890 – 18710 – 18530. Other hand above 19070 Bank Nifty will be traded with positive bias and it would be tries to touch 19250 – 19430 - 19610. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19070 with support 19250 & resistance are 18980 – 18890 / 18800 – 18710 / 18620 – 18530.   [2]  Bank Nifty looks positive above 19070 with support 18890 & resistance are 19160 – 19250 / 19340– 19430/ 19520 – 19610.                                                                  

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 19002.45 than turned back towards our buying level and gave smart rally above 19700. Bank Nifty achieved our all three upside targets and registered high of 19744 in second half. Bank Nifty gained massive 690 points ( + 3.50 % ) and closed in green.        

                                                                   

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 19700 and it would be declines towards 19520 – 19340 – 19160. Other hand above 19700 Bank Nifty will be traded with positive bias and it would be tries to touch 19880 – 20060 - 20240.  Bank Nifty has 1st Sup. at 19610 – 19520 & 2nd Sup. at 19430 – 19340 & 3rd Sup. at 19250 – 19160 and Bank Nifty find 1st Res. at 19790 – 19880 & 2nd Res. at 19970 – 20060 & 3rd Res. at 20150 - 20240.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 19700 with support 19880 & resistance are 19610 – 19520 / 19430 – 19340 / 19250 – 19160. 

[2]  Bank Nifty looks positive above 19700 with support 19520 & resistance are 19790 – 19880 / 19970– 20060/ 20150 – 20240.

BANK NIFTY :: OP = 19136.30 , HI = 19744.00 , LO = 19002.45 , CL = 19710.90.

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

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450.   [2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8745.80 than turned back towards our shorting level and then declined sharp towards 8540. Nifty achieved our 2^nd down side targets and registered low of 8541.35 in second half. Nifty lost 114 points ( - 1. 32 % ) and closed in red.                                                                                              

                                                                                                                                                                                                                                                          

                               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.

Positional Strategy:

[1]  Nifty looks negative below 8590 with support 8680 & resistance are 8540 – 8500 / 8450 – 8410 / 8360 – 8320. 

               

[2]  Nifty looks positive above 8590 with support 8500 & resistance are 8630 – 8680 / 8720 – 8770 / 8810 – 8860.

NIFTY :: OP = 8735.35 , HI = 8745.80 , LO = 8541.35 , CL = 8583.40.

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19430 and it would be declines towards 19250 – 19070 – 18890. Other hand above 19430 Bank Nifty will be traded with positive bias and it would be tries to touch 19610 – 19790 - 19970. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19430 with support 19610 & resistance are 19340 – 19250 / 19160 – 19070 / 18980 – 18890.   [2]  Bank Nifty looks positive above 19430 with support 19250 & resistance are 19520 – 19610 / 19700– 19790/ 19880 – 19970.                                                                  

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 19501.45 than turned back towards our shorting level and then declined sharp towards 18800. Bank Nifty achieved our all three down side targets and registered low of 18824.40 in second half. Bank Nifty lost massive 379 points ( - 1.99 % ) and closed in red.        

                                                                   

                                Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 19070 and it would be declines towards 18890 – 18710 – 18530. Other hand above 19070 Bank Nifty will be traded with positive bias and it would be tries to touch 19250 – 19430 - 19610.  Bank Nifty has 1st Sup. at 18980 – 18890 & 2nd Sup. at 18800 – 18710 & 3rd Sup. at 18620 – 18530 and Bank Nifty find 1st Res. at 19160 – 19250 & 2nd Res. at 19340 – 19430 & 3rd Res. at 19520 - 19610.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 19070 with support 19250 & resistance are 18980 – 18890 / 18800 – 18710 / 18620 – 18530. 

[2]  Bank Nifty looks positive above 19070 with support 18890 & resistance are 19160 – 19250 / 19340– 19430/ 19520 – 19610.

BANK NIFTY :: OP = 19489.50 , HI = 19501.45 , LO = 18824.40 , CL = 19020.15.

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

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested Positional Trading 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 opened positive and traded expected. In first half Nifty registered low of 8635.00 than turned up and achieved our 2^nd upside targets. Nifty registered high of 8806.95 but faced resistance near 8810 and not succeeded to sustain at that level in second half. Nifty gained 86 points ( + 0. 98 % ) and closed in green.                                                                                                         

                                                                                                                                                                   

                                                                       

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990.  Nifty have 1st Sup. at 8680 – 8630 & 2nd Sup. at 8590 – 8540 & 3rd Sup. at 8500 – 8450 and Nifty find 1st Res. at 8770 – 8810 & 2nd Res. at 8860 – 8900 & 3rd Res. at 8950 – 8990.

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

Positional Strategy:

[1]  Nifty looks negative below 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450. 

               

[2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990.

NIFTY :: OP = 8666.15 , HI = 8806.95 , LO = 8635.00 , CL = 8697.60

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19250 and it would be declines towards 19070 – 18890 – 18710. Other hand above 19250 Bank Nifty will be traded with positive bias and it would be tries to touch 19430 – 19610 - 19790. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19250 with support 19430 & resistance are 19160 – 19070 / 18980 – 18890 / 18800 – 18710.   [2]  Bank Nifty looks positive above 19250 with support 19070 & resistance are 19340 – 19430 / 19520– 19610/ 19700 – 19790.                                   

                               

Bank Nifty opened positive and traded expected. In first half Bank Nifty gave smart rally & registered high of 19816.50. Bank Nifty faced resistance near 19790 and not succeeded to sustain at higher level, So Bank Nifty turned back and declined sharp towards 19300 and registered low of 19318.00 in second half. Bank Nifty gained 114 points ( + 0.58 % ) and closed in green.        

                                                                    

                                         Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 19430 and it would be declines towards 19250 – 19070 – 18890. Other hand above 19430 Bank Nifty will be traded with positive bias and it would be tries to touch 19610 – 19790 - 19970.  Bank Nifty has 1st Sup. at 19340 – 19250 & 2nd Sup. at 19160 – 19070 & 3rd Sup. at 18980 – 18890 and Bank Nifty find 1st Res. at 19520 – 19610 & 2nd Res. at 19700 – 19790 & 3rd Res. at 19880 - 19970.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 19430 with support 19610 & resistance are 19340 – 19250 / 19160 – 19070 / 18980 – 18890. 

[2]  Bank Nifty looks positive above 19430 with support 19250 & resistance are 19520 – 19610 / 19700– 19790/ 19880 – 19970.

BANK NIFTY :: OP = 19395.55 , HI = 19816.50 , LO = 19318.00 , CL = 19400.10.

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

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8810 and it would be declines towards 8720 – 8630 – 8540. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990 - 9080. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8810 with support 8900 & resistance are 8770 – 8720 / 8680 – 8630 / 8590 – 8540.   [2]  Nifty looks positive above 8810 with support 8720 & resistance are 8860 – 8900 / 8950 – 8990 / 9040 – 9080.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8809.55 than turned back & declined sharp below 8600.  Nifty registered low of 8555.20 and achieved our all three down side targets in second half. Nifty lost 220 points ( - 2. 52 % ) and closed in red.                        

                                                                                                                                                                                                                                                                                                                          

                                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.

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 = 8807.90 , HI = 8809.55 , LO = 8555.20 , CL = 8611.15.

 

                                      

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 19880 and it would be declines towards 19700 – 19520 – 19340. Other hand above 19880 Bank Nifty will be traded with positive bias and it would be tries to touch 20060 – 20240 - 20420. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 19880 with support 20060 & resistance are 19790 – 19700 / 19610 – 19520 / 19430 – 19340.   [2]  Bank Nifty looks positive above 19880 with support 19700 & resistance are 19970 – 20060 / 20150– 20240/ 20330 – 20420.

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered high of 19794.15 than turned back and declined sharp towards 19000. Bank Nifty achieved our all three down side targets and registered low of 19059.05 in second half. Bank Nifty lost 616 points ( - 3.24 % ) and closed in red.        

                                                                   

                             Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 19250 and it would be declines towards 19070 – 18890 – 18710. Other hand above 19250 Bank Nifty will be traded with positive bias and it would be tries to touch 19430 – 19610 - 19790.  Bank Nifty has 1st Sup. at 19160 – 19070 & 2nd Sup. at 18980 – 18890 & 3rd Sup. at 18800 – 18710 and Bank Nifty find 1st Res. at 19340 – 19430 & 2nd Res. at 19520 – 19610 & 3rd Res. at 19700 - 19790.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 19250 with support 19430 & resistance are 19160 – 19070 / 18980 – 18890 / 18800 – 18710. 

[2]  Bank Nifty looks positive above 19250 with support 19070 & resistance are 19340 – 19430 / 19520– 19610/ 19700 – 19790.

BANK NIFTY :: OP = 19792.20 , HI = 19794.15 , LO = 19059.05 , CL = 19285.70.

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