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 2nd 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]
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