Weekly Review For Nifty Bank Nifty

JAY SWAMINARAYAN

                                       

                                                        Once Again We Succeed

Ø  We said in our weekly review [31-07-2016] when Nifty closed at 8638.

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http://devsatystocks.blogspot.in/2016_07_01_archive.html

Ø  “  We Expect After 1^st Or 2^nd Week Of August  2016 Nifty should starts fresh down move and it should be breach recent swing low of 6825. Nifty should registers new low and declines Very sharp till 2017 end. In this swing every assets class also declines and affects. Cash on hand strategy may be useful for this entire period. [ Nifty should declines 2000 points and minimum for 1 year ] so be careful. “

Ø  There are 2 probabilities, what we expect [1] Nifty will be declines from 8720-8810 than fall will be slow and steady. [2] Nifty will be declines from 8900-8990 than it falls very sharp.

Disclaimer:: This view is  our personal prediction and it is not based on any technical chart or parameters or not based  on any kind of astrology.  This view is our personal vision and only for education purpose. We don’t recommend any buy or sell. [Strictly restricts]. Please take proper advice from your financial adviser or experts before taking any type of action regarding this view. Once again, we clarify this is our personal view and we are not liable for any type of profit/loss or any buy/sell decision taking by you.

                                             

                                           

                                                      Our Success

      Nifty registered high of 8968 on 07-09-2016 than declined sharp and registered low of 7893 on 26-12-2016. Thus Nifty lost more than 1000 points.

o   Remember when we warned you, Nifty gave smart rally of almost 2000 points from low of 6825 registered on 29-02-2016 and Nifty not correct more than 300 points in this last 5 months.

o   When we warned you on 31-07-2016, at that time all others experts and advisors are bullish on Nifty and they are talking and giving target of new high for Nifty. They said Nifty should achieve 9500+ or 10000+ level in few months before dipawali or year end, but we warned you at right time with perfect level.

                                  We continue with our warning for 2017

Ø  “  We Expect in 2017 Nifty should starts fresh down move and it should be breach recent swing low of  7893 and then 6825 also. Nifty should registers new low and declines Very sharp till 2017 end. In this swing every assets class also declines and affects. Cash on hand strategy may be useful for this entire period. [ Nifty should declines 2000 points and minimum for 1 year ] so be careful. “

Disclaimer:: This view is  our personal prediction and it is not based on any technical chart or parameters or not based  on any kind of astrology.  This view is our personal vision and only for education purpose. We don’t recommend any buy or sell. [Strictly restricts]. Please take proper advice from your financial adviser or experts before taking any type of action regarding this view. Once again, we clarify this is our personal view and we are not liable for any type of profit/loss or any buy/sell decision taking by you. 

JAY SWAMINARAYAN

We said last week “ 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. “ Suggested Positional Trading 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 opened negative and traded expected. In first half Nifty registered low of 7893.80 than turned up towards our buying level and gave rally towards 8200. Nifty registered high of 8197.00 and achieved our 2^nd upside targets in second half. Nifty gained massive 200 points ( + 2. 43 % ) and closed in green.                                                                                                                                                                                                                                                                                          

                                                                                   

                                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 8180 with support 8270 & resistance are 8140 – 8090 / 8050 – 8000 / 7960 – 7910. 

               

[2]  Nifty looks positive above 8180 with support 8090 & resistance are 8230 – 8270 / 8320 – 8360 / 8410 – 8450.

NIFTY :: OP = 7965.10 , HI = 8197.00 , LO = 7893.80 , CL = 8185.80.  

                               

Ø  Bank Nifty Review

We said last week “  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. “  Suggested 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 opened negative and traded expected. In first half Bank Nifty registered low of 17606.90 than turned up towards our buying level and gave rally above 18200. Bank Nifty achieved our 2^nd upside targets and registered high of 18245.75 in second half. Bank Nifty gained 293 points ( + 1.60 % ) and closed in green.

                                                                           

                                Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 18170 and it would be declines towards 17990 – 17810 – 17630. Other hand above 18170 Bank Nifty will be traded with positive bias and it would be tries to touch 18350 – 18530 - 18710.  Bank Nifty has 1st Sup. at 18080 – 17990 & 2nd Sup. at 17900 – 17810 & 3rd Sup. at 17720 – 17630 and Bank Nifty find 1st Res. at 18260 – 18350 & 2nd Res. at 18440 – 18530 & 3rd Res. at 18620 - 18710.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 18170 with support 18350 & resistance are 18080 – 17990 / 17900 – 17810 / 17720 – 17630. 

[2]  Bank Nifty looks positive above 18170 with support 17990 & resistance are 18260 – 18350 / 18440– 18530/ 18620 – 18710.

BANK NIFTY :: OP = 17825.50 , HI = 18245.75 , LO = 17606.90 , CL = 18177.20.

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]