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 8230.65
than turned back and declined sharp towards 8100. Nifty registered low of
8121.95 and traded in narrow range in second half. Nifty lost 122 points ( - 1.
58 % ) and closed in red.
Nifty Review For This Week
We expect,
Nifty will be traded with negative bias below 8180 and it would be
declines towards 8090 – 8000 – 7910. Other hand above 8180 Nifty will be
traded with positive bias and it would be tries to touch 8270 – 8360 -
8450. Nifty have 1st Sup. at 8140 – 8090
& 2nd Sup. at 8050 – 8000 & 3rd Sup. at 7960 – 7910 and
Nifty find 1st Res. at 8230 – 8270 & 2nd Res. at 8320 – 8360 &
3rd Res. at 8410 – 8450.
Positional
Strategy:
[1] Nifty looks negative below 8140 with support
8230 & resistance are 8090 – 8050 / 8000 – 7960 / 7910 –
7870.
[2] Nifty looks positive above 8140 with support
8050 & resistance are 8180 – 8230 / 8270 – 8320 / 8360 –
8410.
NIFTY ::
OP = 8230.65 , HI = 8230.65 , LO = 8121.95 , CL = 8139.45.
Ø
Bank Nifty Review
We said
last week “ Bank Nifty will be traded
with negative bias below 18710 and it would be declines towards 18530 –
18350 – 18170. Other hand above 18710 Bank Nifty will be traded with
positive bias and it would be tries to touch 18890 – 19070 - 19250. “ Suggested
Positional Trading Strategy: [1] Bank Nifty looks negative below 18710 with
support 18890 & resistance are 18620 – 18530 / 18440 – 18350
/ 18260 – 18170. [2]
Bank Nifty looks positive above 18710 with support 18530 &
resistance are 18800 – 18890 / 18980– 19070/ 19160 – 19250.
Bank Nifty
opened negative and traded expected. In first half Bank Nifty registered high
of 18616.05 than turned back and declined sharp towards 18100. Bank Nifty
registered low of 18122.10 and traded in narrow range in second half. Bank
Nifty lost massive 383 points ( - 2.11 % ) and closed in red.
Bank Nifty Review For This Week
We expect,
Bank Nifty will be traded with negative bias below 18350 and it would be
declines towards 18170 – 17990 – 17810. Other hand above 18350 Bank
Nifty will be traded with positive bias and it would be tries to touch 18530 –
18710 - 18890. Bank Nifty has 1st Sup.
at 18260 – 18170 & 2nd Sup. at 18080 – 17990 & 3rd Sup.
at 17900 – 17810 and Bank Nifty find 1st Res. at 18440 – 18530
& 2nd Res. at 18620 – 18710 & 3rd Res. at 18800 - 18890.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 18350 with
support 18530 & resistance are 18260 – 18170 / 18080 – 17990
/ 17900 – 17810.
[2] Bank Nifty looks positive above 18350 with
support 18170 & resistance are 18440 – 18530 / 18620– 18710/ 18800
– 18890.
BANK NIFTY
:: OP = 18616.05 , HI = 18616.05 , LO = 18122.10 , CL = 18312.80.
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]
No comments:
Post a Comment