JAY SWAMINARAYAN
We said
last week “ 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. “ Suggested Positional Trading 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
opened negative and traded expected. In first half Nifty registered high of
8126.00 than declined sharp below 8000. Nifty registered low of 7942.05 and achieved
our 2nd down side targets in second half. Nifty lost 153 points ( -
1. 92 % ) and closed in red.
Nifty Review For This Week
We expect,
Nifty will be traded with negative bias below 8000 and it would be
declines towards 7910 – 7820 – 7730. Other hand above 8000 Nifty will be
traded with positive bias and it would be tries to touch 8090 – 8180 -
8270. Nifty have 1st Sup. at 7960 – 7910
& 2nd Sup. at 7870 – 7820 & 3rd Sup. at 7780 – 7730 and
Nifty find 1st Res. at 8050 – 8090 & 2nd Res. at 8140 – 8180 &
3rd Res. at 8230 – 8270.
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 8000 with support
8090 & resistance are 7960 – 7910 / 7870 – 7820 / 7780 –
7730.
[2] Nifty looks positive above 8000 with support
7910 & resistance are 8050 – 8090 / 8140 – 8180 / 8230 –
8270.
NIFTY ::
OP = 8126.00 , HI = 8132.50 , LO = 7942.05 , CL = 7985.75.
Ø
Bank Nifty Review
We said
last week “ 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. “ Suggested
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
opened negative and traded expected. In first half Bank Nifty registered high
of 18316.80 than declined sharp towards 17800. Bank Nifty registered low of
17819.75 and achieved our all three down side targets in second half. Bank
Nifty lost massive 428 points ( - 2.40 % ) and closed in red.
Bank Nifty Review For This Week
We expect,
Bank Nifty will be traded with negative bias below 17900 and it would be
declines towards 17720 – 17540 – 17360. Other hand above 17900 Bank
Nifty will be traded with positive bias and it would be tries to touch 18080 –
18260 - 18440. Bank Nifty has 1st Sup.
at 17810 – 17720 & 2nd Sup. at 17630 – 17540 & 3rd Sup.
at 17450 – 17360 and Bank Nifty find 1st Res. at 17990 – 18080
& 2nd Res. at 18170 – 18260 & 3rd Res. at 18350 - 18440.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 17900 with support
18080 & resistance are 17810 – 17720 / 17630 – 17540 / 17450
– 17360.
[2] Bank Nifty looks positive above 17900 with
support 17720 & resistance are 17990 – 18080 / 18170– 18260/ 18350
– 18440.
BANK NIFTY
:: OP = 18258.10 , HI = 18316.80 , LO = 17819.75 , CL = 17884.00.
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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