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]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820.   [2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 7916.40 and achieved our 2^nd down side targets. After that Nifty turned up and tried to recover the losses and registered high of 8122.25 in second half. Nifty gained 40 points ( + 0. 49 % ) and closed in green.                                                                                                                                             

                                                                                                                                                                                                          

                                Nifty Review For This Week

We expect same, 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.

Positional Strategy:

[1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8102.10 , HI = 8122.25 , LO = 7916.40 , CL = 8114.30.

                                      

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]  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 opened positive and traded expected. In first half Bank Nifty registered high of 19075.95 than turned back towards our shorting level and declined sharp towards 18200. Bank Nifty achieved our all three down side targets and registered low of 18215.80 in second half. Bank Nifty lost massive 451 points ( - 2.44 % ) and closed in red.

        

                                                                   

                                 Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18530 and it would be declines towards 18350 – 18170 – 17990. Other hand above 18530 Bank Nifty will be traded with positive bias and it would be tries to touch 18710 – 18890 - 19070.  Bank Nifty has 1st Sup. at 18440 – 18350 & 2nd Sup. at 18260 – 18170 & 3rd Sup. at 18080 – 17990 and Bank Nifty find 1st Res. at 18620 – 18710 & 2nd Res. at 18800 – 18890 & 3rd Res. at 18980 - 19070.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18530 with support 18710 & resistance are 18440 – 18350 / 18260 – 18170 / 18080 – 17990. 

[2]  Bank Nifty looks positive above 18530 with support 18350 & resistance are 18620 – 18710 / 18800– 18890/ 18980 – 19070.

BANK NIFTY :: OP = 19063.80 , HI = 19075.95 , LO = 18215.80 , CL = 18507.30.

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 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]  Nifty looks negative below 8270 with support 8360 & resistance are 8230 – 8180 / 8140 – 8090 / 8050 – 8000.   [2]  Nifty looks positive above 8270 with support 8180 & resistance are 8320 – 8360 / 8410 – 8450 / 8500 – 8540.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 8288.55 then turned down towards our shorting level and declined sharp towards 8000. Nifty achieved our 2^nd down side targets and registered low of 8048.30 in second half. Nifty lost massive 222 points ( - 2. 74 % ) 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 Strategy:

[1]  Nifty looks negative below 8090 with support 8180 & resistance are 8050 – 8000 / 7960 – 7910 / 7870 – 7820. 

               

[2]  Nifty looks positive above 8090 with support 8000 & resistance are 8140 – 8180 / 8230 – 8270 / 8320 – 8360.

NIFTY :: OP = 8284.85 , HI = 8288.55 , LO = 8048.30 , CL = 8074.10.

                                      

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 19861.75 than turned back towards our shorting level and declined sharp below 19000. Bank Nifty achieved our all three upside targets and registered low of 18897.10 in second half. Bank Nifty lost massive 779 points ( - 4.10 % ) and closed in red.        

                                                                   

                                         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 = 19808.35 , HI = 19861.75 , LO = 18897.10 , CL = 18959.05.

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 8450 and it would be declines towards 8360 – 8270 – 8180. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630 - 8720. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8450 with support 8540 & resistance are 8410 – 8360 / 8320 – 8270 / 8230 – 8180.   [2]  Nifty looks positive above 8450 with support 8360 & resistance are 8500 – 8540 / 8590 – 8630 / 8680 – 8720.

               

Nifty opened positive and traded volatile due to national & international issue. In first half Nifty registered low of 8002.25 and achieved our all three down side targets. After that Nifty tried to recover and succeeded to registered high of 8598.45 and achieved our 1^st upside target, but Nifty failed to sustain gains. So once again Nifty turned down towards our shorting level and declined sharp below 8300 and achieved our 2^nd down side targets in second half. Nifty lost 137 points ( - 1. 65 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                         

                               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.

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

Positional Strategy:

[1]  Nifty looks negative below 8270 with support 8360 & resistance are 8230 – 8180 / 8140 – 8090 / 8050 – 8000. 

               

[2]  Nifty looks positive above 8270 with support 8180 & resistance are 8320 – 8360 / 8410 – 8450 / 8500 – 8540.

NIFTY :: OP = 8535.75 , HI = 8598.45 , LO = 8002.25 , CL = 8296.30.

                                      

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 18143.70 than turned up towards our buying level and gave smart rally above 20300. Bank Nifty achieved our all three upside targets and registered high of 20309.65 in second half. Bank Nifty gained massive 680 points ( + 3.45 % ) 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 = 19317.85 , HI = 20309.65 , LO = 18143.70 , CL = 19738.80.

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 high of 8653.15 than turned down towards our shorting level and declined sharp towards 8400. Nifty achieved our 2^nd down side targets and registered low of 8400.25 in second half. Nifty lost massive 191 points ( - 2. 23 % ) and closed in red.                                                                                                 

                                                                                                                                                                

                                                                          

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8450 and it would be declines towards 8360 – 8270 – 8180. Other hand above 8450 Nifty will be traded with positive bias and it would be tries to touch 8540 – 8630 - 8720.  Nifty have 1st Sup. at 8410 – 8360 & 2nd Sup. at 8320 – 8270 & 3rd Sup. at 8230 – 8180 and Nifty find 1st Res. at 8500 – 8540 & 2nd Res. at 8590 – 8630 & 3rd Res. at 8680 – 8720.

Positional Strategy:

[1]  Nifty looks negative below 8450 with support 8540 & resistance are 8410 – 8360 / 8320 – 8270 / 8230 – 8180. 

               

[2]  Nifty looks positive above 8450 with support 8360 & resistance are 8500 – 8540 / 8590 – 8630 / 8680 – 8720.

NIFTY :: OP = 8653.15 , HI = 8669.60 , LO = 8400.25 , CL = 8433.75.

                                      

Ø  Bank Nifty Review

We said last week “  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. “  Suggested 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 opened positive and traded expected. In first half Bank Nifty registered high of 19591.65 than turned back towards our shorting level and declined sharp below 19000. Bank Nifty achieved our all three down side targets and registered low of 18961.15 in second half. Bank Nifty lost massive 465 points ( - 2.43 % ) 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 = 19578.60 , HI = 19591.65 , LO = 18961.15 , CL = 19058.10.

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]