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 1st 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 1st 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 1st 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]
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