JAY SWAMINARAYAN
We said
last week “ 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. “ Suggested Positional Trading 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
opened negative and traded expected. In first half Nifty registered low of 8327.20
than turned up towards our buying level and gave smart rally. Nifty registered high
of 8672.70 and achieved our all 3 upside targets in second half. Nifty gained massive
291 points ( + 3. 39 % ) and closed in green.
Nifty Review
For This Week
We expect,
Nifty will be traded with negative bias below 8630 and it would be
declines towards 8540 – 8450 – 8360. Other hand above 8630 Nifty will be
traded with positive bias and it would be tries to touch 8720 – 8810 - 8900. Nifty have 1st Sup. at 8590 – 8540
& 2nd Sup. at 8500 – 8450 & 3rd Sup. at 8410 – 8360 and
Nifty find 1st Res. at 8680 – 8720 & 2nd Res. at 8770 – 8810 &
3rd Res. at 8860 – 8900.
Positional
Strategy:
[1] Nifty looks negative below 8630 with support 8720
& resistance are 8590 – 8540 / 8500 – 8450 / 8410 – 8360.
[2] Nifty looks positive above 8630 with support 8540
& resistance are 8680 – 8720 / 8770 – 8810 / 8860 – 8900.
NIFTY ::
OP = 8329.60 , HI = 8672.70 , LO = 8327.20 , CL = 8641.25.
Ø
Bank Nifty Review
We said
last week “ 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. “ Suggested
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
opened negative and traded expected. In first half Bank Nifty registered low of
18722.85 than turned up towards our buying level and gave smart rally towards 19800.
Bank Nifty registered high of 19794.95 and achieved our all three upside targets
in second half. Bank Nifty gained massive 887 points ( + 4.50 % ) and closed in
green.
Bank Nifty
Review For This Week
We expect,
Bank Nifty will be traded with negative bias below 19700 and it would be
declines towards 19520 – 19340 – 19160. Other hand above 19700 Bank
Nifty will be traded with positive bias and it would be tries to touch 19880 – 20060
- 20240. Bank Nifty has 1st Sup. at 19610
– 19520 & 2nd Sup. at 19430 – 19340 & 3rd Sup. at 19250 –
19160 and Bank Nifty find 1st Res. at 19790 – 19880 & 2nd
Res. at 19970 – 20060 & 3rd Res. at 20150 - 20240.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 19700 with
support 19880 & resistance are 19610 – 19520 / 19430 – 19340
/ 19250 – 19160.
[2] Bank Nifty looks positive above 19700 with
support 19520 & resistance are 19790 – 19880 / 19970– 20060 /
20150 – 20240.
BANK NIFTY
:: OP = 18762.00 , HI = 19794.95 , LO = 18722.85 , CL = 19708.30.
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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