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 2nd 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]
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