Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 8810 and it would be declines towards 8720 – 8630 – 8540. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990 - 9080. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8810 with support 8900 & resistance are 8770 – 8720 / 8680 – 8630 / 8590 – 8540.   [2]  Nifty looks positive above 8810 with support 8720 & resistance are 8860 – 8900 / 8950 – 8990 / 9040 – 9080.

               

Nifty opened negative and traded expected. In first half Nifty registered low of 8809.80 than turned up towards our buying level and gave rally towards 9000. Nifty registered high of 8982.15 and achieved our 2^nd upside target in second half. Nifty gained 117 points ( + 1. 32 % ) and closed in green.                                                                                                                                           

                                                                                                                                                                                                                                   

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8900 and it would be declines towards 8810 – 8720 – 8630. Other hand above 8900 Nifty will be traded with positive bias and it would be tries to touch 8990 – 9080 - 9170.  Nifty have 1st Sup. at 8860 – 8810 & 2nd Sup. at 8770 – 8720 & 3rd Sup. at 8680 – 8630 and Nifty find 1st Res. at 8950 – 8990 & 2nd Res. at 9040 – 9080 & 3rd Res. at 9130 – 9170.

Positional Strategy:

[1]  Nifty looks negative below 8950 with support 9040 & resistance are 8900 – 8860 / 8810 – 8770 / 8720 – 8680. 

               

[2]  Nifty looks positive above 8950 with support 8860 & resistance are 8990 – 9040 / 9080 – 9130 / 9170 – 9220.

NIFTY :: OP = 8818.55 , HI = 8982.15 , LO = 8809.80 , CL = 8939.50.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 20510 and it would be declines towards 20330 – 20150 – 19980. Other hand above 20510 Bank Nifty will be traded with positive bias and it would be tries to touch 20690 – 20870 - 21050. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 20510 with support 20690 & resistance are 20420 – 20330 / 20240 – 20150 / 20060 – 19980.   [2]  Bank Nifty looks positive above 20510 with support 20330 & resistance are 20600 – 20690 / 20780– 20870 / 20960 – 21050.                                                                 

Bank Nifty opened negative and traded expected. In first half Bank Nifty registered low of 20472.40 than turned up towards our buying level and gave rally above 21000. Bank Nifty registered high of 21011.90 and achieved our all three upside target in second half. Bank Nifty gained 325 points ( + 1.54 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 20870 and it would be declines towards 20690 – 20510 – 20330. Other hand above 20870 Bank Nifty will be traded with positive bias and it would be tries to touch 21050 – 21230 - 21410.  Bank Nifty has 1st Sup. at 20780 – 20690 & 2nd Sup. at 20600 – 20510 & 3rd Sup. at 20420 – 20330 and Bank Nifty find 1st Res. at 20960 – 21050 & 2nd Res. at 21140 – 21230 & 3rd Res. at 21320 - 21410.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 20870 with support 21050 & resistance are 20780 – 20690 / 20600 – 20510 / 20420 – 20330. 

[2]  Bank Nifty looks positive above 20870 with support 20690 & resistance are 20960 – 21050 / 21140– 21230 / 21320 – 21410.

BANK NIFTY :: OP = 20494.85 , HI = 21011.90 , LO = 20472.40 , CL = 20876.65.

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 8810 and it would be declines towards 8720 – 8630 – 8540. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990 - 9080. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8810 with support 8900 & resistance are 8770 – 8720 / 8680 – 8630 / 8590 – 8540.   [2]  Nifty looks positive above 8810 with support 8720 & resistance are 8860 – 8900 / 8950 – 8990 / 9040 – 9080.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 8712.85 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and gave rally towards 8900. Nifty registered high of 8896.45 and achieved our 1^st upside target in second half. Nifty gained 28 points ( + 0. 31 % ) and closed in green.                                       

                                                                                                                                                                                                                                                                                                                                   

                              Nifty Review For This Week

We expect same, Nifty will be traded with negative bias below 8810 and it would be declines towards 8720 – 8630 – 8540. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990 - 9080.  Nifty have 1st Sup. at 8770 – 8720 & 2nd Sup. at 8680 – 8630 & 3rd Sup. at 8590 – 8540 and Nifty find 1st Res. at 8860 – 8900 & 2nd Res. at 8950 – 8990 & 3rd Res. at 9040 – 9080.

This is the small & truncated week with holiday on Friday and also F & O expiry in this week, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Positional Strategy:

[1]  Nifty looks negative below 8810 with support 8900 & resistance are 8770 – 8720 / 8680 – 8630 / 8590 – 8540. 

               

[2]  Nifty looks positive above 8810 with support 8720 & resistance are 8860 – 8900 / 8950 – 8990 / 9040 – 9080.

NIFTY :: OP = 8819.80 , HI = 8896.45 , LO = 8712.85 , CL = 8821.70.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 20240 and it would be declines towards 20060 – 19880 – 19700. Other hand above 20240 Bank Nifty will be traded with positive bias and it would be tries to touch 20420 – 20600 - 20780. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 20240 with support 20420 & resistance are 20150 – 20060 / 19970 – 19880 / 19790 – 19700.   [2]  Bank Nifty looks positive above 20240 with support 20060 & resistance are 20330 – 20420 / 20510– 20600 / 20690 – 20780.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 20088.20 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and gave rally above 21000. Bank Nifty registered high of 21042.35 and achieved our all three upside target in second half. Bank Nifty gained 337 points ( + 1.64 % ) and closed in green.

                                                                           

                               Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 20510 and it would be declines towards 20330 – 20150 – 19980. Other hand above 20510 Bank Nifty will be traded with positive bias and it would be tries to touch 20690 – 20870 - 21050.  Bank Nifty has 1st Sup. at 20420 – 20330 & 2nd Sup. at 20240 – 20150 & 3rd Sup. at 20060 – 19980 and Bank Nifty find 1st Res. at 20600 – 20690 & 2nd Res. at 20780 – 20870 & 3rd Res. at 20960 - 21050.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 20510 with support 20690 & resistance are 20420 – 20330 / 20240 – 20150 / 20060 – 19980. 

[2]  Bank Nifty looks positive above 20510 with support 20330 & resistance are 20600 – 20690 / 20780– 20870 / 20960 – 21050.

BANK NIFTY :: OP = 20273.65 , HI = 21042.35 , LO = 20088.20 , CL = 20551.35.

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 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990. “ Suggested Positional Trading Strategy :   [1]  Nifty looks negative below 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450.   [2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990

               

Nifty opened positive and traded expected. In first half Nifty registered low of 8715.00 than turned up towards our buying level and gave rally above 8800. Nifty registered high of 8822.10 and achieved our 1^st upside target in second half. Nifty gained 52 points ( + 0. 59 % ) and closed in green.                                                                                                                                             

                                                                                                                                                                                                                                   

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8810 and it would be declines towards 8720 – 8630 – 8540. Other hand above 8810 Nifty will be traded with positive bias and it would be tries to touch 8900 – 8990 - 9080.  Nifty have 1st Sup. at 8770 – 8720 & 2nd Sup. at 8680 – 8630 & 3rd Sup. at 8590 – 8540 and Nifty find 1st Res. at 8860 – 8900 & 2nd Res. at 8950 – 8990 & 3rd Res. at 9040 – 9080.

Positional Strategy:

[1]  Nifty looks negative below 8810 with support 8900 & resistance are 8770 – 8720 / 8680 – 8630 / 8590 – 8540. 

               

[2]  Nifty looks positive above 8810 with support 8720 & resistance are 8860 – 8900 / 8950 – 8990 / 9040 – 9080.

NIFTY :: OP = 8785.45 , HI = 8822.10 , LO = 8715.00 , CL = 8793.55.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 20150 and it would be declines towards 19970 – 19790 – 19610. Other hand above 20150 Bank Nifty will be traded with positive bias and it would be tries to touch 20330 – 20510 - 20690. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 20150 with support 20330 & resistance are 20060 – 19970 / 19880 – 19790 / 19700 – 19610.   [2]  Bank Nifty looks positive above 20150 with support 19970 & resistance are 20240 – 20330 / 20420– 20510 / 20600 – 20690.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 20452.45 than turned back towards our shorting level and declined towards 20000. Bank Nifty registered low of 20000.35 and achieved our 1^st down side target in second half. Bank Nifty gained  17 points ( + 0.08 % ) and closed in green.

                                                                          

                           Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 20240 and it would be declines towards 20060 – 19880 – 19700. Other hand above 20240 Bank Nifty will be traded with positive bias and it would be tries to touch 20420 – 20600 - 20780.  Bank Nifty has 1st Sup. at 20150 – 20060 & 2nd Sup. at 19970 – 19880 & 3rd Sup. at 19790 – 19700 and Bank Nifty find 1st Res. at 20330 – 20420 & 2nd Res. at 20510 – 20600 & 3rd Res. at 20690 - 20780.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 20240 with support 20420 & resistance are 20150 – 20060 / 19970 – 19880 / 19790 – 19700. 

[2]  Bank Nifty looks positive above 20240 with support 20060 & resistance are 20330 – 20420 / 20510– 20600 / 20690 – 20700.

BANK NIFTY :: OP = 20307.15 , HI = 20452.45 , LO = 20000.35 , CL = 20213.90.

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 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. “ Suggested Positional Trading 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 opened negative and traded expected. In first half Nifty registered low of 8537.50 and achieved our 1^st down side target. After that Nifty turned up towards our buying level and gave smart rally. Nifty registered high of 8757.60 and achieved our 1^st upside target in second half. Nifty gained 99 points ( + 1. 14 % ) and closed in green.                                       

                                                                                                                                                                                                                                                                                                                                   

                            Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 8720 and it would be declines towards 8630 – 8540 – 8450. Other hand above 8720 Nifty will be traded with positive bias and it would be tries to touch 8810 – 8900 - 8990.  Nifty have 1st Sup. at 8680 – 8630 & 2nd Sup. at 8590 – 8540 & 3rd Sup. at 8500 – 8450 and Nifty find 1st Res. at 8770 – 8810 & 2nd Res. at 8860 – 8900 & 3rd Res. at 8950 – 8990.

Positional Strategy:

[1]  Nifty looks negative below 8720 with support 8810 & resistance are 8680 – 8630 / 8590 – 8540 / 8500 – 8450. 

               

[2]  Nifty looks positive above 8720 with support 8630 & resistance are 8770 – 8810 / 8860 – 8900 / 8950 – 8990.

NIFTY :: OP = 8635.55 , HI = 8757.60 , LO = 8537.50 , CL = 8740.95.

                               

Ø  Bank Nifty Review

We said last week “  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. “  Suggested 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 opened negative and traded expected. In first half Bank Nifty registered low of 19435.45 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and gave smart rally above 20200. Bank Nifty registered high of 20229.65 and achieved our all three upside targets in second half. Bank Nifty gained massive 488 points ( + 2.41 % ) and closed in green.

                                                                          

                              Bank Nifty Review For This Week

We expect, Bank Nifty will be traded with negative bias below 20150 and it would be declines towards 19970 – 19790 – 19610. Other hand above 20150 Bank Nifty will be traded with positive bias and it would be tries to touch 20330 – 20510 - 20690.  Bank Nifty has 1st Sup. at 20060 – 19970 & 2nd Sup. at 19880 – 19790 & 3rd Sup. at 19700 – 19610 and Bank Nifty find 1st Res. at 20240 – 20330 & 2nd Res. at 20420 – 20510 & 3rd Res. at 20600 - 20690.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 20150 with support 20330 & resistance are 20060 – 19970 / 19880 – 19790 / 19700 – 19610. 

[2]  Bank Nifty looks positive above 20150 with support 19970 & resistance are 20240 – 20330 / 20420– 20510 / 20600 – 20690.

BANK NIFTY :: OP = 19718.80 , HI = 20229.65 , LO = 19435.45 , CL = 20196.80.

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]