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 9130 with support 9220 & resistance are 9080 –9040 / 8990 – 8950 / 8900 – 8860.   [2]  Nifty looks positive above 9130 with support 9040 & resistance are 9170 – 9220 / 9260 – 9310 / 9350 – 9400.

               

Nifty opened positive and traded expected. In first half Nifty registered low of 9130.55 than turned up and gave smart rally above 9350.  Nifty achieved our 2^nd upside target and registered high of 9367.15 in second half. Nifty gained massive 184 points ( + 2. 00 % ) and closed in green.                                                                                                                                                         

                                                                                                                                                                                                            

                              Nifty Review For This Week

We expect, Nifty will be traded with negative bias below 9350 and it would be declines towards 9260 – 9170 – 9080. Other hand above 9350 Nifty will be traded with positive bias and it would be tries to touch 9440 – 9530 - 9620. Nifty have 1st Sup. at 9310 – 9260 & 2nd Sup. at 9220 – 9170 & 3rd Sup. at 9130 – 9080 and Nifty find 1st Res. at 9400 – 9440 & 2nd Res. at 9490 – 9530 & 3rd Res. at 9580 – 9620.

This is the small & truncated week with holiday on Monday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

Positional Strategy:

[1]  Nifty looks negative below 9310 with support 9400 & resistance are 9260 –9220 / 9170 – 9130 / 9080 – 9040. 

[2]  Nifty looks positive above 9310 with support 9220 & resistance are 9350 – 9400 / 9440 – 9490 / 9530 – 9580.

NIFTY :: OP = 9135.35 , HI = 9367.15 , LO = 9130.55 , CL = 9304.05.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21500 and it would be declines towards 21320 – 21140 – 20960. Other hand above 21500 Bank Nifty will be traded with positive bias and it would be tries to touch 21680 – 22860 - 22040. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21500 with support 21680 & resistance are 21410 – 21320 / 21230 – 21140 / 21050 – 20960.   [2]  Bank Nifty looks positive above 21500 with support 21320 & resistance are 21590 – 21680 / 21770– 21860 / 21950 – 22040.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 21578.65 than turned up and gave smart rally above 22400. Bank Nifty achieved our all three upside target and registered high of 22383 in second half. Bank Nifty gained massive 806 points (+ 3.73 % ) and closed in green.

                                                                          

                             Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 22310 and it would be declines towards 22130 – 21950 – 21770. Other hand above 22310 Bank Nifty will be traded with positive bias and it would be tries to touch 22490 – 22670 - 22850.  Bank Nifty has 1st Sup. at 22220 – 22130 & 2nd Sup. at 22040 – 21950 & 3rd Sup. at 21860 – 21770 and Bank Nifty find 1st Res. at 22400 – 22490 & 2nd Res. at 22580 – 22670 & 3rd Res. at 22760 - 22850.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 22310 with support 22490 & resistance are 22220 – 22130 / 22040 – 21950 / 21860 – 21770.   

 [2]  Bank Nifty looks positive above 22310 with support 22130 & resistance are 22400 – 22490 / 22580– 22670 / 22760 – 22850.

BANK NIFTY :: OP = 21591.90 , HI = 22383.00 , LO = 21578.65 , CL = 22358.25.

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 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 negative and traded expected. In first half Nifty registered high of 9217.90 than turned back towards our shorting level and then declined below 9100.  Nifty achieved our 1^st down side target and registered low of 9075.15 in second half. Nifty lost 31 points ( - 0. 34 % ) and closed in red.                                                                                                                     

                                                                                                                                                                                                                                                   

                                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.

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 9130 with support 9220 & resistance are 9080 –9040 / 8990 – 8950 / 8900 – 8860. 

[2]  Nifty looks positive above 9130 with support 9040 & resistance are 9170 – 9220 / 9260 – 9310 / 9350 – 9400.

NIFTY :: OP = 9144.75 , HI = 9217.90 , LO = 9075.15 , CL = 9119.40.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21680 and it would be declines towards 21500 – 21320 – 21140. Other hand above 21680 Bank Nifty will be traded with positive bias and it would be tries to touch 21860 – 22040 - 22220.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21680 with support 21860 & resistance are 21590 – 21500 / 21410 – 21320 / 21230 – 21140.   [2]  Bank Nifty looks positive above 21680 with support 21500 & resistance are 21770 – 21860 / 21950– 22040 / 22130 – 22220.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 21947 and achieved our 1^st upside target. Bank Nifty registered new life time high near 22000 but not able to sustain at higher level, So Bank Nifty turned back and registered low of 21386.20 in second half. Bank Nifty lost 135 points ( - 0.62 % ) and closed in red.

 

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21500 and it would be declines towards 21320 – 21140 – 20960. Other hand above 21500 Bank Nifty will be traded with positive bias and it would be tries to touch 21680 – 22860 - 22040.  Bank Nifty has 1st Sup. at 21410 – 21320 & 2nd Sup. at 21230 – 21140 & 3rd Sup. at 21050 – 20960 and Bank Nifty find 1st Res. at 21590 – 21680 & 2nd Res. at 21770 – 21860 & 3rd Res. at 21950 - 22040.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21500 with support 21680 & resistance are 21410 – 21320 / 21230 – 21140 / 21050 – 20960.    

 [2]  Bank Nifty looks positive above 21500 with support 21320 & resistance are 21590 – 21680 / 21770– 21860 / 21950 – 20960.

BANK NIFTY :: OP = 21700.50 , HI = 21947.00 , LO = 21386.20 , CL = 21551.45.

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 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 positive and traded expected. In first half Nifty registered high of 9246.40 and achieved our 1^st upside target. Nifty failed to sustain at higher level so it turned back and registered low of 9144.95 in second half. Nifty lost 47 points ( - 0. 51 % ) and closed in red.                                                                                                                                                             

                                                                                                                                                                                                                     

                                Nifty Review For This Week

We expect same, 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 = 9225.60 , HI = 9246.40 , LO = 9144.95 , CL = 9150.80.

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21410 and it would be declines towards 21230 – 21050 – 20870. Other hand above 21410 Bank Nifty will be traded with positive bias and it would be tries to touch 21590 – 21770 - 21950.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21410 with support 21590 & resistance are 21320 – 21230 / 21140 – 21050 / 20960 – 20870.   [2]  Bank Nifty looks positive above 21410 with support 21230 & resistance are 21500 – 21590 / 21680– 21770 / 21860 – 21950.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered low of 21396.05 than turned up towards our buying level and gave rally towards 21800.  Bank Nifty achieved our 2^nd upside target and registered high of 21787.10 in second half. Bank Nifty gained 255 points ( - 1.17 % ) and closed in green.

                                                                           

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21680 and it would be declines towards 21500 – 21320 – 21140. Other hand above 21680 Bank Nifty will be traded with positive bias and it would be tries to touch 21860 – 22040 - 22220.  Bank Nifty has 1st Sup. at 21590 – 21500 & 2nd Sup. at 21410 – 21320 & 3rd Sup. at 21230 – 21140 and Bank Nifty find 1st Res. at 21770 – 21860 & 2nd Res. at 21950 – 22040 & 3rd Res. at 22130 - 22220.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21680 with support 21860 & resistance are 21590 – 21500 / 21410 – 21320 / 21230 – 21140.    

 [2]  Bank Nifty looks positive above 21680 with support 21500 & resistance are 21770 – 21860 / 21950– 22040 / 22130 – 22220.

BANK NIFTY :: OP = 21492.05 , HI = 21787.10 , LO = 21396.05 , CL = 21686.60.

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]

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 positive and traded expected. In first half Nifty registered high of 9273.90 and achieved our 1^st upside target. Nifty failed to sustain at higher level so it turned back and registered low of 9188.10 in second half. Nifty gained 24 points ( + 0. 26 % ) and closed in green.                                                                                                                                                                                                                                                                                                                  

                                                   

                                Nifty Review For This Week

We expect same, 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.

This is the small & truncated week with holiday on Friday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

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 = 9220.60 , HI = 9273.90 , LO = 9188.10 , CL = 9198.30.

                              

Ø  Bank Nifty Review

We said last week “  Bank Nifty will be traded with negative bias below 21410 and it would be declines towards 21230 – 21050 – 20870. Other hand above 21410 Bank Nifty will be traded with positive bias and it would be tries to touch 21590 – 21770 - 21950.. “  Suggested Positional Trading Strategy:   [1]  Bank Nifty looks negative below 21410 with support 21590 & resistance are 21320 – 21230 / 21140 – 21050 / 20960 – 20870.   [2]  Bank Nifty looks positive above 21410 with support 21230 & resistance are 21500 – 21590 / 21680– 21770 / 21860 – 21950.                                                                 

Bank Nifty opened positive and traded expected. In first half Bank Nifty registered high of 21699.30 and achieved our 1^st upside target. Bank Nifty failed to sustain at higher level so it turned back and registered low of 21397 in second half. Bank Nifty lost 13 points ( - 0.06 % ) and closed in red.

                                                                           

                                Bank Nifty Review For This Week

We expect same, “  Bank Nifty will be traded with negative bias below 21410 and it would be declines towards 21230 – 21050 – 20870. Other hand above 21410 Bank Nifty will be traded with positive bias and it would be tries to touch 21590 – 21770 - 21950.  Bank Nifty has 1st Sup. at 21320 – 21230 & 2nd Sup. at 21140 – 21050 & 3rd Sup. at 20960 – 20870 and Bank Nifty find 1st Res. at 21500 – 21590 & 2nd Res. at 21680 – 21770 & 3rd Res. at 21860 - 21950.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21410 with support 21590 & resistance are 21320 – 21230 / 21140 – 21050 / 20960 – 20870.    

 [2]  Bank Nifty looks positive above 21410 with support 21230 & resistance are 21500 – 21590 / 21680– 21770 / 21860 – 21950.

BANK NIFTY :: OP = 21539.20 , HI = 21699.30 , LO = 21397.00 , CL = 21431.15.

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 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. “ 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 negative and traded expected. In first half Nifty registered low of 9024.65 than turned up towards our buying level and gave rally towards 9200.  Nifty registered high of 9191.70 and achieved our 1^st upside target in second half. Nifty gained 65 points ( + 0. 71 % ) 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.

This is the small & truncated week with holiday on Wednesday, so be cautious and trade carefully. Hence we expect volatility to remain in the market.

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 = 9093.45 , HI = 9191.70 , LO = 9024.65 , CL = 9173.75.

                              

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 low of 20979.55 and achieved our 1^st down side target. After that Bank Nifty turned up towards our buying level and gave smart rally towards 21700. Bank Nifty registered high of 21696 and achieved our all three upside target in second half. Bank Nifty gained 321 points ( + 1.50 % ) and closed in green.

                                                                          

                                Bank Nifty Review For This Week

We expect, “  Bank Nifty will be traded with negative bias below 21410 and it would be declines towards 21230 – 21050 – 20870. Other hand above 21410 Bank Nifty will be traded with positive bias and it would be tries to touch 21590 – 21770 - 21950.  Bank Nifty has 1st Sup. at 21320 – 21230 & 2nd Sup. at 21140 – 21050 & 3rd Sup. at 20960 – 20870 and Bank Nifty find 1st Res. at 21500 – 21590 & 2nd Res. at 21680 – 21770 & 3rd Res. at 21860 - 21950.

Positional Trading Strategy:

[1]  Bank Nifty looks negative below 21410 with support 21590 & resistance are 21320 – 21230 / 21140 – 21050 / 20960 – 20870.    

 [2]  Bank Nifty looks positive above 21410 with support 21230 & resistance are 21500 – 21590 / 21680– 21770 / 21860 – 21950.

BANK NIFTY :: OP = 21178.10 , HI = 21696.00 , LO = 20979.55 , CL = 21444.15.

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]