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]
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