JAY SWAMINARAYAN
ARE YOU READY???????
We said
last week “ Nifty will be traded with negative bias below 9440 and it
would be declines towards 9350 – 9260 – 9170. Other hand above 9440
Nifty will be traded with positive bias and it would be tries to touch 9530 –
9620 - 9710. “ Suggested Positional Trading Strategy [1] Nifty looks negative below 9400 with support
9490 & resistance are 9350 –9310 / 9260 – 9220 / 9170 –
9130. [2] Nifty looks positive above 9400 with support
9310 & resistance are 9440 – 9490 / 9530 – 9580 / 9620 –
967.
Nifty
opened positive and traded expected. In first half Nifty registered new high of
9532.60 and achieved our 1st upside target but not able to sustain
at higher level. So, Nifty turned back and declined sharp below 9400 and
registered low of 9390.75 in second half. Nifty gained 27 points ( + 0. 28 % )
and closed in green.
Nifty Review For This Week
We expect
same, Nifty will be traded with negative bias below 9440 and it would be
declines towards 9350 – 9260 – 9170. Other hand above 9440 Nifty will be
traded with positive bias and it would be tries to touch 9530 – 9620 - 9710.
Nifty have 1st Sup. at 9400 – 9350 & 2nd Sup. at 9310 – 9260
& 3rd Sup. at 9220 – 9170 and Nifty find 1st Res. at 9490 – 9530
& 2nd Res. at 9580 – 9620 & 3rd Res. at 9670 – 9710.
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 9440 with support
9530 & resistance are 9400 –9350 / 9310 – 9260 / 9220 –
9170.
[2] Nifty looks positive above 9440 with support
9350 & resistance are 9490 – 9530 / 9580 – 9620 / 9670 –
9710.
NIFTY ::
OP = 9433.55 , HI = 9532.60 , LO = 9390.75 , CL = 9427.90.
Ø
Bank Nifty Review
We said
last week “ Bank Nifty will be traded with negative bias below 22670 and
it would be declines towards 22490 – 22310 – 22130. Other hand above 22670
Bank Nifty will be traded with positive bias and it would be tries to touch
22850 – 23030 - 23210. “ Suggested Positional Trading Strategy: [1]
Bank Nifty looks negative below 22670 with support 22850 &
resistance are 22580 – 22490 / 22400 – 22310 / 22220 – 22130. [2]
Bank Nifty looks positive above 22670 with support 22490 &
resistance are 22760 – 22850 / 22940– 23030 / 23120 – 23210.
Bank
Nifty opened positive and traded expected. In first half Bank Nifty registered
high of 22978.15 but once again failed to sustain at higher level. So, Bank
Nifty turned back and declined sharp towards 22600 and registered low of
22628.45 in second half. Bank Nifty gained 98 points (+ 0.43 % ) and closed in
green.
Bank Nifty Review For This Week
We expect,
“ Bank Nifty will be traded with
negative bias below 22760 and it would be declines towards 22580 – 22400
– 22220. Other hand above 22760 Bank Nifty will be traded with positive
bias and it would be tries to touch 22940 – 23120 - 23300. Bank Nifty has 1st Sup. at 22670 – 22580
& 2nd Sup. at 22490 – 22400 & 3rd Sup. at 22310 – 22220
and Bank Nifty find 1st Res. at 22850 – 22940 & 2nd Res. at 23030 – 23120
& 3rd Res. at 23210 - 23300.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 22760 with
support 22940 & resistance are 22670 – 22580 / 22490 – 22400
/ 22310 – 22220.
[2]
Bank Nifty looks positive above 22760 with support 22580 &
resistance are 22850 – 22940 / 23030– 23120 / 23210 – 23300.
BANK NIFTY
:: OP = 22735.85 , HI = 22978.15 , LO = 22628.45 , CL = 22769.80.
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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