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 1st 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 2nd 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]
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