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 2nd 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]
No comments:
Post a Comment