JAY SWAMINARAYAN
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 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
opened positive and traded expected. In first half Nifty registered low of 9341.65
and achieved our 1st down side target. After that Nifty turned up towards
our buying level and then gave smart rally above 9600. Nifty achieved our 1st
upside target and registered life high of 9604.90 in second half. Nifty gained 167
points ( + 1. 75 % ) and closed in green.
Nifty Review
For This Week
We expect,
Nifty will be traded with negative bias below 9530 and it would be
declines towards 9440 – 9350 – 9260. Other hand above 9530 Nifty will be
traded with positive bias and it would be tries to touch 9620 – 9710 - 9800.
Nifty have 1st Sup. at 9490 – 9440 & 2nd Sup. at 9400 – 9350
& 3rd Sup. at 9310 – 9260 and Nifty find 1st Res. at 9580 – 9620
& 2nd Res. at 9670 – 9710 & 3rd Res. at 9760 – 9800.
Positional
Strategy:
[1] Nifty looks negative below 9580 with support 9670
& resistance are 9530 –9490 / 9440 – 9400 / 9350 – 9310.
[2] Nifty looks positive above 9580 with support 9490
& resistance are 9620 – 9670 / 9710 – 9760 / 9800 – 9850.
NIFTY ::
OP = 9480.25 , HI = 9604.90 , LO = 9341.65 , CL = 9595.10.
Ø
Bank Nifty Review
We said
last week “ 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. “ Suggested 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 opened positive and traded expected. In first half Bank Nifty registered low
of 22469.80 and achieved our 1st down side target. After that Bank Nifty
Turned up towards our buying level and gave smart rally above 23400. Bank Nifty
registered life high of 23408.35 and achieved our all three upside targets in
second half. Bank Nifty gained massive 592 points (+ 2.54 % ) and closed in
green.
Bank Nifty Review For This Week
We expect,
“ Bank Nifty will be traded with
negative bias below 23390 and it would be declines towards 23210 – 23030
– 22850. Other hand above 23390 Bank Nifty will be traded with positive
bias and it would be tries to touch 23570 – 23750 - 23930. Bank Nifty has 1st Sup. at 23300 – 23210
& 2nd Sup. at 23120 – 23030 & 3rd Sup. at 22940 – 22850
and Bank Nifty find 1st Res. at 23480 – 23570 & 2nd Res. at 23660 – 23750
& 3rd Res. at 23840 - 23930.
Positional
Trading Strategy:
[1] Bank Nifty looks negative below 23390 with
support 23570 & resistance are 23300 – 23210 / 23120 – 23030
/ 22940 – 22850.
[2]
Bank Nifty looks positive above 23390 with support 23210 &
resistance are 23480 – 23570 / 23660– 23750 / 23840 – 23930.
BANK NIFTY
:: OP = 22874.80 , HI = 23408.35 , LO = 22469.80 , CL = 23362.20.
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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