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 1st 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 2nd 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]
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