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 2nd 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]
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