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 2nd 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]
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