Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9440 with support 9530 & resistance are 9400 –9350 / 9310 – 9260 / 9220 – 9170.   [2]  Nifty looks positive above 9440 with support 9350 & resistance are 9490 – 9530 / 9580 – 9620 / 9670 – 9710.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 9341.65 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and then gave smart rally above 9600. Nifty achieved our 1^st upside target and registered life high of 9604.90 in second half. Nifty gained 167 points ( + 1. 75 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                                         

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9530 and it would be declines towards 9440 – 9350 – 9260. Other hand above 9530 Nifty will be traded with positive bias and it would be tries to touch 9620 – 9710 - 9800. Nifty have 1st Sup. at 9490 – 9440 & 2nd Sup. at 9400 – 9350 & 3rd Sup. at 9310 – 9260 and Nifty find 1st Res. at 9580 – 9620 & 2nd Res. at 9670 – 9710 & 3rd Res. at 9760 – 9800.

Positional Strategy:

[1]  Nifty looks negative below 9580 with support 9670 & resistance are 9530 –9490 / 9440 – 9400 / 9350 – 9310. 

[2]  Nifty looks positive above 9580 with support 9490 & resistance are 9620 – 9670 / 9710 – 9760 / 9800 – 9850.

NIFTY :: OP = 9480.25 , HI = 9604.90 , LO = 9341.65 , CL = 9595.10.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22760 and it would be declines towards 22580 – 22400 – 22220. Other hand above 22760 Bank Nifty will be traded with positive bias and it would be tries to touch 22940 – 23120 - 23300. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22760 with support 22940 & resistance are 22670 – 22580 / 22490 – 22400 / 22310 – 22220.   [2]  Bank Nifty looks positive above 22760 with support 22580 & resistance are 22850 – 22940 / 23030– 23120 / 23210 – 23300.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 22469.80 and achieved our 1^st down side target. After that Bank Nifty Turned up towards our buying level and gave smart rally above 23400. Bank Nifty registered life high of 23408.35 and achieved our all three upside targets in second half. Bank Nifty gained massive 592 points (+ 2.54 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 23390 and it would be declines towards 23210 – 23030 – 22850. Other hand above 23390 Bank Nifty will be traded with positive bias and it would be tries to touch 23570 – 23750 - 23930.  Bank Nifty has 1st Sup. at 23300 – 23210 & 2nd Sup. at 23120 – 23030 & 3rd Sup. at 22940 – 22850 and Bank Nifty find 1st Res. at 23480 – 23570 & 2nd Res. at 23660 – 23750 & 3rd Res. at 23840 - 23930.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 23390 with support 23570 & resistance are 23300 – 23210 / 23120 – 23030 / 22940 – 22850.   

 [2]  Bank Nifty looks positive above 23390 with support 23210 & resistance are 23480 – 23570 / 23660– 23750 / 23840 – 23930.

BANK NIFTY :: OP = 22874.80 , HI = 23408.35 , LO = 22469.80 , CL = 23362.20.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

ARE YOU READY???????

We said last week “ Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9400 with support 9490 & resistance are 9350 –9310 / 9260 – 9220 / 9170 – 9130.   [2]  Nifty looks positive above 9400 with support 9310 & resistance are 9440 – 9490 / 9530 – 9580 / 9620 – 967.

               

Nifty opened positive and traded expected. In first half Nifty registered new high of 9532.60 and achieved our 1^st upside target but not able to sustain at higher level. So, Nifty turned back and declined sharp below 9400 and registered low of 9390.75 in second half. Nifty gained 27 points ( + 0. 28 % ) and closed in green.                                                                                    

                                                                                                                                                                                                                                                                                  

                                Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. Nifty have 1st Sup. at 9400 – 9350 & 2nd Sup. at 9310 – 9260 & 3rd Sup. at 9220 – 9170 and Nifty find 1st Res. at 9490 – 9530 & 2nd Res. at 9580 – 9620 & 3rd Res. at 9670 – 9710.

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 9440 with support 9530 & resistance are 9400 –9350 / 9310 – 9260 / 9220 – 9170. 

[2]  Nifty looks positive above 9440 with support 9350 & resistance are 9490 – 9530 / 9580 – 9620 / 9670 – 9710.

NIFTY :: OP = 9433.55 , HI = 9532.60 , LO = 9390.75 , CL = 9427.90.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22670 and it would be declines towards 22490 – 22310 – 22130. Other hand above 22670 Bank Nifty will be traded with positive bias and it would be tries to touch 22850 – 23030 - 23210. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22670 with support 22850 & resistance are 22580 – 22490 / 22400 – 22310 / 22220 – 22130.   [2]  Bank Nifty looks positive above 22670 with support 22490 & resistance are 22760 – 22850 / 22940– 23030 / 23120 – 23210.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 22978.15 but once again failed to sustain at higher level. So,   Bank Nifty turned back and declined sharp towards 22600 and registered low of 22628.45 in second half. Bank Nifty gained 98 points (+ 0.43 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22760 and it would be declines towards 22580 – 22400 – 22220. Other hand above 22760 Bank Nifty will be traded with positive bias and it would be tries to touch 22940 – 23120 - 23300.  Bank Nifty has 1st Sup. at 22670 – 22580 & 2nd Sup. at 22490 – 22400 & 3rd Sup. at 22310 – 22220 and Bank Nifty find 1st Res. at 22850 – 22940 & 2nd Res. at 23030 – 23120 & 3rd Res. at 23210 - 23300.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22760 with support 22940 & resistance are 22670 – 22580 / 22490 – 22400 / 22310 – 22220.   

 [2]  Bank Nifty looks positive above 22760 with support 22580 & resistance are 22850 – 22940 / 23030– 23120 / 23210 – 23300.

BANK NIFTY :: OP = 22735.85 , HI = 22978.15 , LO = 22628.45 , CL = 22769.80.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9260 and it would be declines towards 9170 – 9080 – 8990. Other hand above 9260 Nifty will be traded with positive bias and it would be tries to touch 9350 – 9440 - 9530. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9260 with support 9350 & resistance are 9220 –9170 / 9130 – 9080 / 9040 – 8990.   [2]  Nifty looks positive above 9260 with support 9170 & resistance are 9310 – 9350 / 9400 – 9440 / 9490 – 9530.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 9297.95 than turned up and gave smart rally above 9400. Nifty registered new high of 9450.65 in second half. Nifty gained 115 points ( + 1. 23 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                                          

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9440 and it would be declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be traded with positive bias and it would be tries to touch 9530 – 9620 - 9710. Nifty have 1st Sup. at 9400 – 9350 & 2nd Sup. at 9310 – 9260 & 3rd Sup. at 9220 – 9170 and Nifty find 1st Res. at 9490 – 9530 & 2nd Res. at 9580 – 9620 & 3rd Res. at 9670 – 9710.

Positional Strategy:

[1]  Nifty looks negative below 9400 with support 9490 & resistance are 9350 –9310 / 9260 – 9220 / 9170 – 9130. 

[2]  Nifty looks positive above 9400 with support 9310 & resistance are 9440 – 9490 / 9530 – 9580 / 9620 – 9670.

NIFTY :: OP = 9311.45 , HI = 9450.65 , LO = 9297.95 , CL = 9400.90.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22580 and it would be declines towards 22400 – 22220 – 22040. Other hand above 22580 Bank Nifty will be traded with positive bias and it would be tries to touch 22760 – 22940 - 23120. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22580 with support 22760 & resistance are 22490 – 22400 / 22310 – 22220 / 22130 – 22040.   [2]  Bank Nifty looks positive above 22580 with support 22400 & resistance are 22670 – 22760 / 22850– 22940 / 23030 – 23120.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 22977.85 and achieved our 2^nd upside target. Bank Nifty faced strong resistance near 23000 mark and failed to sustain at higher level so it turned back and registered low of 22578 in second half. Bank Nifty gained 66 points (+ 0.29 % ) and closed in green.

                                                                           

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22670 and it would be declines towards 22490 – 22310 – 22130. Other hand above 22670 Bank Nifty will be traded with positive bias and it would be tries to touch 22850 – 23030 - 23210.  Bank Nifty has 1st Sup. at 22580 – 22490 & 2nd Sup. at 22400 – 22310 & 3rd Sup. at 22220 – 22130 and Bank Nifty find 1st Res. at 22760 – 22850 & 2nd Res. at 22940 – 23030 & 3rd Res. at 23120 - 23210.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22670 with support 22850 & resistance are 22580 – 22490 / 22400 – 22310 / 22220 – 22130.   

 [2]  Bank Nifty looks positive above 22670 with support 22490 & resistance are 22760 – 22850 / 22940– 23030 / 23120 – 23210.

BANK NIFTY :: OP = 22678.45 , HI = 22977.85 , LO = 22578.00 , CL = 22671.70.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9350 and it would be declines towards 9260 – 9170 – 9080. Other hand above 9350 Nifty will be traded with positive bias and it would be tries to touch 9440 – 9530 - 9620. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9310 with support 9400 & resistance are 9260 –9220 / 9170 – 9130 / 9080 – 9040.   [2]  Nifty looks positive above 9310 with support 9220 & resistance are 9350 – 9400 / 9440 – 9490 / 9530 – 9580.

               

Nifty opened positive and traded expected. In first half Nifty registered new high of 9377.10 but failed to sustain at higher level. Nifty traded in narrow range and registered low of 9269.90 in second half. Nifty lost 18 points ( - 0. 20 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                      

                                                   

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9260 and it would be declines towards 9170 – 9080 – 8990. Other hand above 9260 Nifty will be traded with positive bias and it would be tries to touch 9350 – 9440 - 9530. Nifty have 1st Sup. at 9220 – 9170 & 2nd Sup. at 9130 – 9080 & 3rd Sup. at 9040 – 8990 and Nifty find 1st Res. at 9310 – 9350 & 2nd Res. at 9400 – 9440 & 3rd Res. at 9490 – 9530.

Positional Strategy:

[1]  Nifty looks negative below 9260 with support 9350 & resistance are 9220 –9170 / 9130 – 9080 / 9040 – 8990. 

[2]  Nifty looks positive above 9260 with support 9170 & resistance are 9310 – 9350 / 9400 – 9440 / 9490 – 9530.

NIFTY :: OP = 9339.85 , HI = 9377.10 , LO = 9269.90 , CL = 9285.30.

Ø  Bank Nifty Review

We said last week “ Bank Nifty will be traded with negative bias below 22310 and it would be declines towards 22130 – 21950 – 21770. Other hand above 22310 Bank Nifty will be traded with positive bias and it would be tries to touch 22490 – 22670 - 22850. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 22310 with support 22490 & resistance are 22220 – 22130 / 22040 – 21950 / 21860 – 21770.   [2]  Bank Nifty looks positive above 22310 with support 22130 & resistance are 22400 – 22490 / 22580– 22670 / 22760 – 22850.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 22240.05 than turned up towards our buying level and gave smart rally towards 22900. Bank Nifty achieved our all three upside target and registered new high of 22853.55 in second half. Bank Nifty gained 246 points (+ 1.10 % ) and closed in green.

                                                                           

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22580 and it would be declines towards 22400 – 22220 – 22040. Other hand above 22580 Bank Nifty will be traded with positive bias and it would be tries to touch 22760 – 22940 - 23120.  Bank Nifty has 1st Sup. at 22490 – 22400 & 2nd Sup. at 22310 – 22220 & 3rd Sup. at 22130 – 22040 and Bank Nifty find 1st Res. at 22670 – 22760 & 2nd Res. at 22850 – 22940 & 3rd Res. at 23030 - 23120.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22580 with support 22760 & resistance are 22490 – 22400 / 22310 – 22220 / 22130 – 22040.   

 [2]  Bank Nifty looks positive above 22580 with support 22400 & resistance are 22670 – 22760 / 22850– 22940 / 23030 – 23120.

BANK NIFTY :: OP = 22412.55 , HI = 22853.55 , LO = 22240.05 , CL = 22604.95.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9130 with support 9220 & resistance are 9080 –9040 / 8990 – 8950 / 8900 – 8860.   [2]  Nifty looks positive above 9130 with support 9040 & resistance are 9170 – 9220 / 9260 – 9310 / 9350 – 9400.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 9130.55 than turned up and gave smart rally above 9350.  Nifty achieved our 2^nd upside target and registered high of 9367.15 in second half. Nifty gained massive 184 points ( + 2. 00 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                            

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9350 and it would be declines towards 9260 – 9170 – 9080. Other hand above 9350 Nifty will be traded with positive bias and it would be tries to touch 9440 – 9530 - 9620. Nifty have 1st Sup. at 9310 – 9260 & 2nd Sup. at 9220 – 9170 & 3rd Sup. at 9130 – 9080 and Nifty find 1st Res. at 9400 – 9440 & 2nd Res. at 9490 – 9530 & 3rd Res. at 9580 – 9620.

This is the small & truncated week with holiday on Monday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Positional Strategy:

[1]  Nifty looks negative below 9310 with support 9400 & resistance are 9260 –9220 / 9170 – 9130 / 9080 – 9040. 

[2]  Nifty looks positive above 9310 with support 9220 & resistance are 9350 – 9400 / 9440 – 9490 / 9530 – 9580.

NIFTY :: OP = 9135.35 , HI = 9367.15 , LO = 9130.55 , CL = 9304.05.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21500 and it would be declines towards 21320 – 21140 – 20960. Other hand above 21500 Bank Nifty will be traded with positive bias and it would be tries to touch 21680 – 22860 - 22040. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21500 with support 21680 & resistance are 21410 – 21320 / 21230 – 21140 / 21050 – 20960.   [2]  Bank Nifty looks positive above 21500 with support 21320 & resistance are 21590 – 21680 / 21770– 21860 / 21950 – 22040.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 21578.65 than turned up and gave smart rally above 22400. Bank Nifty achieved our all three upside target and registered high of 22383 in second half. Bank Nifty gained massive 806 points (+ 3.73 % ) and closed in green.

                                                                          

                             Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22310 and it would be declines towards 22130 – 21950 – 21770. Other hand above 22310 Bank Nifty will be traded with positive bias and it would be tries to touch 22490 – 22670 - 22850.  Bank Nifty has 1st Sup. at 22220 – 22130 & 2nd Sup. at 22040 – 21950 & 3rd Sup. at 21860 – 21770 and Bank Nifty find 1st Res. at 22400 – 22490 & 2nd Res. at 22580 – 22670 & 3rd Res. at 22760 - 22850.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22310 with support 22490 & resistance are 22220 – 22130 / 22040 – 21950 / 21860 – 21770.   

 [2]  Bank Nifty looks positive above 22310 with support 22130 & resistance are 22400 – 22490 / 22580– 22670 / 22760 – 22850.

BANK NIFTY :: OP = 21591.90 , HI = 22383.00 , LO = 21578.65 , CL = 22358.25.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9170 with support 9260 & resistance are 9130 –9080 / 9040 – 8990 / 8950 – 8900.   [2]  Nifty looks positive above 9170 with support 9080 & resistance are 9220 – 9260 / 9310 – 9350 / 9400 – 9440.

               

Nifty opened negative and traded expected. In first half Nifty registered high of 9217.90 than turned back towards our shorting level and then declined below 9100.  Nifty achieved our 1^st down side target and registered low of 9075.15 in second half. Nifty lost 31 points ( - 0. 34 % ) and closed in red.                                                                                                                     

                                                                                                                                                                                                                                                   

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. Nifty have 1st Sup. at 9130 – 9080 & 2nd Sup. at 9040 – 8990 & 3rd Sup. at 8950 – 8900 and Nifty find 1st Res. at 9220 – 9260 & 2nd Res. at 9310 – 9350 & 3rd Res. at 9400 – 9440.

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 9130 with support 9220 & resistance are 9080 –9040 / 8990 – 8950 / 8900 – 8860. 

[2]  Nifty looks positive above 9130 with support 9040 & resistance are 9170 – 9220 / 9260 – 9310 / 9350 – 9400.

NIFTY :: OP = 9144.75 , HI = 9217.90 , LO = 9075.15 , CL = 9119.40.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21680 and it would be declines towards 21500 – 21320 – 21140. Other hand above 21680 Bank Nifty will be traded with positive bias and it would be tries to touch 21860 – 22040 - 22220.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21680 with support 21860 & resistance are 21590 – 21500 / 21410 – 21320 / 21230 – 21140.   [2]  Bank Nifty looks positive above 21680 with support 21500 & resistance are 21770 – 21860 / 21950– 22040 / 22130 – 22220.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 21947 and achieved our 1^st upside target. Bank Nifty registered new life time high near 22000 but not able to sustain at higher level, So Bank Nifty turned back and registered low of 21386.20 in second half. Bank Nifty lost 135 points ( - 0.62 % ) and closed in red.

 

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21500 and it would be declines towards 21320 – 21140 – 20960. Other hand above 21500 Bank Nifty will be traded with positive bias and it would be tries to touch 21680 – 22860 - 22040.  Bank Nifty has 1st Sup. at 21410 – 21320 & 2nd Sup. at 21230 – 21140 & 3rd Sup. at 21050 – 20960 and Bank Nifty find 1st Res. at 21590 – 21680 & 2nd Res. at 21770 – 21860 & 3rd Res. at 21950 - 22040.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21500 with support 21680 & resistance are 21410 – 21320 / 21230 – 21140 / 21050 – 20960.    

 [2]  Bank Nifty looks positive above 21500 with support 21320 & resistance are 21590 – 21680 / 21770– 21860 / 21950 – 20960.

BANK NIFTY :: OP = 21700.50 , HI = 21947.00 , LO = 21386.20 , CL = 21551.45.

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]

Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. “ Suggested Positional Trading Strategy   [1]  Nifty looks negative below 9170 with support 9260 & resistance are 9130 –9080 / 9040 – 8990 / 8950 – 8900.   [2]  Nifty looks positive above 9170 with support 9080 & resistance are 9220 – 9260 / 9310 – 9350 / 9400 – 9440.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 9246.40 and achieved our 1^st upside target. Nifty failed to sustain at higher level so it turned back and registered low of 9144.95 in second half. Nifty lost 47 points ( - 0. 51 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                                                     

                                Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. Nifty have 1st Sup. at 9130 – 9080 & 2nd Sup. at 9040 – 8990 & 3rd Sup. at 8950 – 8900 and Nifty find 1st Res. at 9220 – 9260 & 2nd Res. at 9310 – 9350 & 3rd Res. at 9400 – 9440.

Positional Strategy:

[1]  Nifty looks negative below 9170 with support 9260 & resistance are 9130 –9080 / 9040 – 8990 / 8950 – 8900. 

[2]  Nifty looks positive above 9170 with support 9080 & resistance are 9220 – 9260 / 9310 – 9350 / 9400 – 9440.

NIFTY :: OP = 9225.60 , HI = 9246.40 , LO = 9144.95 , CL = 9150.80.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21410 and it would be declines towards 21230 – 21050 – 20870. Other hand above 21410 Bank Nifty will be traded with positive bias and it would be tries to touch 21590 – 21770 - 21950.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21410 with support 21590 & resistance are 21320 – 21230 / 21140 – 21050 / 20960 – 20870.   [2]  Bank Nifty looks positive above 21410 with support 21230 & resistance are 21500 – 21590 / 21680– 21770 / 21860 – 21950.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 21396.05 than turned up towards our buying level and gave rally towards 21800.  Bank Nifty achieved our 2^nd upside target and registered high of 21787.10 in second half. Bank Nifty gained 255 points ( - 1.17 % ) and closed in green.

                                                                           

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21680 and it would be declines towards 21500 – 21320 – 21140. Other hand above 21680 Bank Nifty will be traded with positive bias and it would be tries to touch 21860 – 22040 - 22220.  Bank Nifty has 1st Sup. at 21590 – 21500 & 2nd Sup. at 21410 – 21320 & 3rd Sup. at 21230 – 21140 and Bank Nifty find 1st Res. at 21770 – 21860 & 2nd Res. at 21950 – 22040 & 3rd Res. at 22130 - 22220.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21680 with support 21860 & resistance are 21590 – 21500 / 21410 – 21320 / 21230 – 21140.    

 [2]  Bank Nifty looks positive above 21680 with support 21500 & resistance are 21770 – 21860 / 21950– 22040 / 22130 – 22220.

BANK NIFTY :: OP = 21492.05 , HI = 21787.10 , LO = 21396.05 , CL = 21686.60.

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]