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 1st
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 1st 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]
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