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 positive and traded expected. In first half Nifty registered low of 8227.75
than turned up towards our buying level and gave rally above 8400. Nifty
registered high of 8461.05 and achieved our 2nd upside target in
second half. Nifty gained 156 points ( + 1. 86 % ) and closed in green.
Nifty Review
For This Week
We expect,
Nifty will be traded with negative bias below 8450 and it would be
declines towards 8360 – 8270 – 8180. Other hand above 8450 Nifty will be
traded with positive bias and it would be tries to touch 8540 – 8630 -
8720. Nifty have 1st Sup. at 8410 – 8360
& 2nd Sup. at 8320 – 8270 & 3rd Sup. at 8230 – 8180 and
Nifty find 1st Res. at 8500 – 8540 & 2nd Res. at 8590 – 8630 &
3rd Res. at 8680 – 8720.
Positional
Strategy:
[1] Nifty looks negative below 8410 with support
8500 & resistance are 8360 – 8320 / 8270 – 8230 / 8180 –
8140.
[2] Nifty looks positive above 8410 with support
8320 & resistance are 8450 – 8500 / 8540 – 8590 / 8630 –
8680.
NIFTY ::
OP = 8259.35 , HI = 8461.05 , LO = 8227.75 , CL = 8400.35.
Ø
Bank Nifty Review
We said
last week “ Bank Nifty will be traded
with negative bias below 18260 and it would be declines towards 18080 –
17900 – 17720. Other hand above 18260 Bank Nifty will be traded with
positive bias and it would be tries to touch 18440 – 18620 - 18800. “ Suggested
Positional Trading Strategy: [1] Bank Nifty looks negative below 18260 with
support 18440 & resistance are 18170 – 18080 / 17990 – 17900
/ 17810 – 17720. [2]
Bank Nifty looks positive above 18260 with support 18080 &
resistance are 18350 – 18440 / 18530– 18620/ 18710 – 18800.
Bank Nifty
opened positive and traded expected. In first half Bank Nifty registered low of
18256.15 than turned up towards our buying level and gave smart rally above 18900.
Bank Nifty achieved our all three upside target and registered high of 18966.30
in second half. Bank Nifty gained massive 648 points ( + 3.42 % ) and closed in
green.
Bank Nifty
Review For This Week
We expect,
Bank Nifty will be traded with negative bias below 18890 and it would be
declines towards 18710 – 18530 – 18350. Other hand above 18890 Bank
Nifty will be traded with positive bias and it would be tries to touch 19070 –
19250 - 19430. Bank Nifty has 1st Sup.
at 18800 – 18710 & 2nd Sup. at 18620 – 18530 & 3rd Sup.
at 18440 – 18350 and Bank Nifty find 1st Res. at 18980 – 19070
& 2nd Res. at 19160 – 19250 & 3rd Res. at 19340 - 19430.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 18890 with
support 19070 & resistance are 18800 – 18710 / 18620 – 18530
/ 18440 – 18350.
[2] Bank Nifty looks positive above 18890 with
support 18710 & resistance are 18980 – 19070 / 19160– 19250/ 19340
– 19430.
BANK NIFTY
:: OP = 18314.25 , HI = 18966.30 , LO = 18256.15 , CL = 18912.10.
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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