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 1st 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]
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