Weekly Review For Nifty & Bank Nifty

JAY SWAMINARAYAN

We said last week “ Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440. “ Suggested Positional Trading Strategy [1]  Nifty looks negative below 9170 with support 9260 & resistance are 9130 –9080 / 9040 – 8990 / 8950 – 8900.   [2]  Nifty looks positive above 9170 with support 9080 & resistance are 9220 – 9260 / 9310 – 9350 / 9400 – 9440.

               

Nifty opened flat and traded expected. In first half Nifty registered high of 9167.60 than turned down and declined sharp towards 9000.  Nifty registered low of 9019.30 and achieved our 1^st down side target in second half. Nifty lost 52 points ( - 0. 57 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                                                     

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9080 and it would be declines towards 8990 – 8900 – 8810. Other hand above 9080 Nifty will be traded with positive bias and it would be tries to touch 9170 – 9260 - 9350.  Nifty have 1st Sup. at 9040 – 8990 & 2nd Sup. at 8950 – 8900 & 3rd Sup. at 8860 – 8810 and Nifty find 1st Res. at 9130 – 9170 & 2nd Res. at 9220 – 9260 & 3rd Res. at 9310 – 9350.

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 9080 with support 9170 & resistance are 9040 –8990 / 8950 – 8900 / 8860 – 8810. 

               

[2]  Nifty looks positive above 9080 with support 8990 & resistance are 9130 – 9170 / 9220 – 9260 / 9310 – 9350.

NIFTY :: OP = 9166.95 , HI = 9167.60 , LO = 9019.30 , CL = 9108.00.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21140 and it would be declines towards 20960 – 20780 – 20600. Other hand above 21140 Bank Nifty will be traded with positive bias and it would be tries to touch 21320 – 21500 - 21680.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21140 with support 21320 & resistance are 21050 – 20960 / 20870 – 20780 / 20690 – 20600.   [2]  Bank Nifty looks positive above 21140 with support 20960 & resistance are 21230 – 21320 / 21410– 21500 / 21590 – 21680.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 21202.55 than turned down towards our shorting level and then declined sharp below 20800.  Bank Nifty registered low of 20753.90 and achieved our 2^nd down side target in second half. Bank Nifty lost 52 points ( - 0.24 % ) and closed in red.

                                                                          

                                Bank Nifty Review For This Week

We expect same, “  Bank Nifty will be traded with negative bias below 21140 and it would be declines towards 20960 – 20780 – 20600. Other hand above 21140 Bank Nifty will be traded with positive bias and it would be tries to touch 21320 – 21500 - 21680.  Bank Nifty has 1st Sup. at 21050 – 20960 & 2nd Sup. at 20870 – 20780 & 3rd Sup. at 20690 – 20600 and Bank Nifty find 1st Res. at 21230 – 21320 & 2nd Res. at 21410 – 21500 & 3rd Res. at 21590 - 21680.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21140 with support 21320 & resistance are 21050 – 20960 / 20870 – 20780 / 20690 – 20600.    

 [2]  Bank Nifty looks positive above 21140 with support 20960 & resistance are 21230 – 21320 / 21410– 21500 / 21590 – 21680.

BANK NIFTY :: OP = 21202.55 , HI = 21202.55 , LO = 20753.90 , CL = 21122.55.

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 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. “ Suggested Positional Trading Strategy :   [[1]  Nifty looks negative below 8900 with support 8990 & resistance are 8860 – 8810 / 8770 – 8720 / 8680 – 8630.   [2]  Nifty looks positive above 8900 with support 8810 & resistance are 8950 – 8990 / 9040 – 9080 / 9130 – 9170.

               

Nifty opened with gape up and traded expected. In first half Nifty registered low of 9060.50 than turned up and gave rally above 9200.  Nifty registered high of 9218.40 near life time high in second half. Nifty gained massive 225 points ( + 2. 46 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                                 

                                Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9170 and it would be declines towards 9080 – 8990 – 8900. Other hand above 9170 Nifty will be traded with positive bias and it would be tries to touch 9260 – 9350 - 9440.  Nifty have 1st Sup. at 9130 – 9080 & 2nd Sup. at 9040 – 8990 & 3rd Sup. at 8950 – 8900 and Nifty find 1st Res. at 9220 – 9260 & 2nd Res. at 9310 – 9350 & 3rd Res. at 9400 – 9440.

Positional Strategy:

[1]  Nifty looks negative below 9170 with support 9260 & resistance are 9130 –9080 / 9040 – 8990 / 8950 – 8900. 

               

[2]  Nifty looks positive above 9170 with support 9080 & resistance are 9220 – 9260 / 9310 – 9350 / 9400 – 9440.

NIFTY :: OP = 9091.65 , HI = 9218.40 , LO = 9060.50 , CL = 9160.05.

                               

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 20690 and it would be declines towards 20510 – 20330 – 20150. Other hand above 20690 Bank Nifty will be traded with positive bias and it would be tries to touch 20870 – 21050 - 21230.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 20690 with support 20870 & resistance are 20600 – 20510 / 20420 – 20330 / 20240 – 20150.     [2]  Bank Nifty looks positive above 20690 with support 20510 & resistance are 20780 – 20870 / 20960– 21050 / 21140 – 21230.                                                                    

Bank Nifty opened with gape up and traded expected. In first half Bank Nifty registered low of 21059.70 than turned up and gave rally above 21300. Bank Nifty registered high of 21336.05 in second half. Bank Nifty gained massive 447 points ( + 2.12 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21140 and it would be declines towards 20960 – 20780 – 20600. Other hand above 21140 Bank Nifty will be traded with positive bias and it would be tries to touch 21320 – 21500 - 21680.  Bank Nifty has 1st Sup. at 21050 – 20960 & 2nd Sup. at 20870 – 20780 & 3rd Sup. at 20690 – 20600 and Bank Nifty find 1st Res. at 21230 – 21320 & 2nd Res. at 21410 – 21500 & 3rd Res. at 21590 - 21680.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21140 with support 21320 & resistance are 21050 – 20960 / 20870 – 20780 / 20690 – 20600.    

 [2]  Bank Nifty looks positive above 21140 with support 20960 & resistance are 21230 – 21320 / 21410– 21500 / 21590 – 21680.

BANK NIFTY :: OP = 21189.85 , HI = 21336.05 , LO = 21059.70 , CL = 21175.05.

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 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. “ Suggested Positional Trading Strategy :   [[1]  Nifty looks negative below 8900 with support 8990 & resistance are 8860 – 8810 / 8770 – 8720 / 8680 – 8630.   [2]  Nifty looks positive above 8900 with support 8810 & resistance are 8950 – 8990 / 9040 – 9080 / 9130 – 9170.

               

Nifty opened positive and traded expected. In first half Nifty registered high of 8977.85 and achieved our 1^st upside target. Nifty traded in narrow range and registered low of 8891.95 in second half. Nifty gained 37 points ( + 0. 41 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                             

                                Nifty Review For This Week

We expect same, 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 8900 with support 8990 & resistance are 8860 – 8810 / 8770 – 8720 / 8680 – 8630. 

               

[2]  Nifty looks positive above 8900 with support 8810 & resistance are 8950 – 8990 / 9040 – 9080 / 9130 – 9170.

NIFTY :: OP = 8915.10 , HI = 8977.85 , LO = 8891.95 , CL = 8934.55.

                               

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 positive and traded expected. In first half Bank Nifty registered low of 20532.20 than gave rally towards 20900. Bank Nifty registered high of 20876.95 and achieved our 2^nd down side target in second half. Bank Nifty gained 231 points ( + 1.12 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 20690 and it would be declines towards 20510 – 20330 – 20150. Other hand above 20690 Bank Nifty will be traded with positive bias and it would be tries to touch 20870 – 21050 - 21230.  Bank Nifty has 1st Sup. at 20600 – 20510 & 2nd Sup. at 20420 – 20330 & 3rd Sup. at 20240 – 20150 and Bank Nifty find 1st Res. at 20780 – 20870 & 2nd Res. at 20960 – 21050 & 3rd Res. at 21140 - 21230.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 20690 with support 20870 & resistance are 20600 – 20510 / 20420 – 20330 / 20240 – 20150.    

 [2]  Bank Nifty looks positive above 20690 with support 20510 & resistance are 20780 – 20870 / 20960– 21050 / 21140 – 21230.

BANK NIFTY :: OP = 20548.95 , HI = 20876.95 , LO = 20532.20 , CL = 20727.55.

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 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. “ Suggested Positional Trading 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 opened flat and traded expected. In first half Nifty registered low of 8860.10 and achieved our 1^st down side target. After that Nifty tried to recover and registered high of 8892.50 in second half but failed to sustain gains. Nifty lost 41 points ( - 0. 47 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                                           

                              Nifty Review For This Week

We expect same, 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 8900 with support 8990 & resistance are 8860 – 8810 / 8770 – 8720 / 8680 – 8630. 

               

[2]  Nifty looks positive above 8900 with support 8810 & resistance are 8950 – 8990 / 9040 – 9080 / 9130 – 9170.

NIFTY :: OP = 8943.70 , HI = 8992.50 , LO = 8860.10 , CL = 8897.55.

                               

Ø  Bank Nifty Review

We said last week “  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. “  Suggested 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 opened negative and traded expected. In first half Bank Nifty registered high of 20905.00 than turned back towards our shorting level and then declined sharp below 20500. Bank Nifty registered low of 20423.35 and achieved our all three down side target in second half. Bank Nifty lost 381 points ( - 1.85 % ) and closed in red.

                                                                          

                              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 – 19970 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 = 20853.45 , HI = 20905.00 , LO = 20423.35 , CL = 20495.60.

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]