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 1st 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 1st 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]
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