JAY SWAMINARAYAN
We said
last week “ 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. “ Suggested Positional Trading 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
opened negative and traded expected. In first half Nifty registered high of
8460.30 but failed to sustain above 8450. Nifty traded in narrow range and
registered low of 8340.95 in second half. Nifty lost 51 points ( - 0. 60 % )
and closed in red.
Nifty Review
For This Week
We expect,
Nifty will be traded with negative bias below 8360 and it would be
declines towards 8270 – 8180 – 8090. Other hand above 8360 Nifty will be
traded with positive bias and it would be tries to touch 8450 – 8540 -
8630. Nifty have 1st Sup. at 8320 – 8270
& 2nd Sup. at 8230 – 8180 & 3rd Sup. at 8140 – 8090 and
Nifty find 1st Res. at 8410 – 8450 & 2nd Res. at 8500 – 8540 &
3rd Res. at 8590 – 8630.
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 8360 with support
8450 & resistance are 8320 – 8270 / 8230 – 8180 / 8140 –
8090.
[2] Nifty looks positive above 8360 with support
8270 & resistance are 8410 – 8450 / 8500 – 8540 / 8590 –
8630.
NIFTY ::
OP = 8390.95 , HI = 8460.30 , LO = 8340.95 , CL = 8349.35.
Ø
Bank Nifty Review
We said
last week “ 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. “ Suggested
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
opened negative and traded expected. In first half Bank Nifty registered high
of 19276.50 and achieved our 2nd upside target but failed to sustain
at higher level. After that Bank Nifty turned back and declined sharp towards 18800
and registered low of 18793.05 in second half. Bank Nifty lost 91 points ( -
0.48 % ) and closed in red.
Bank Nifty
Review For This Week
We expect,
Bank Nifty will be traded with negative bias below 18800 and it would be
declines towards 18620 – 18440 – 18260. Other hand above 18800 Bank
Nifty will be traded with positive bias and it would be tries to touch 18980 –
19160 - 19340. Bank Nifty has 1st Sup.
at 18710 – 18620 & 2nd Sup. at 18530 – 18440 & 3rd Sup.
at 18350 – 18260 and Bank Nifty find 1st Res. at 18890 – 18980
& 2nd Res. at 19070 – 19160 & 3rd Res. at 19250 - 19340.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 18800 with
support 18980 & resistance are 18710 – 18620 / 18530 – 18440
/ 18350 – 18260.
[2] Bank Nifty looks positive above 18800 with
support 18620 & resistance are 18890 – 18980 / 19070– 19160 /
19250 – 19340.
BANK NIFTY
:: OP = 18899.70 , HI = 19276.50 , LO = 18793.05 , CL = 18820.80.
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]
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