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 2nd 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]
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