Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.03. 2024                        NIFTY SPOT   22493

 

Hi Readers,

I was too occupied and was not able to write the blog for last 3 months

Now, the blog will be updated regularly.

 

Now What:-

In the coming week Nifty is expected to trade with slight bullish bias.

For the coming week Nifty will remain in buy on dips zone till it is above 11345.

Financials and Insurance sector are likely to be the leaders in the coming week.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2022                        NIFTY SPOT   19889.70

 

Hi Readers,

It was mentioned that Nifty will take a breather same happened.

Also it was mentioned that Nifty will find resistance at 19888 and Nifty closed at 19889.

 

Now What:-

As mentioned in previous week, Nifty is at the resistance level of 19888 and now the resistance for the coming week shall be 19976. Sustain above it will help Nifty break 20000. But till the time it does not happen Nifty is supposed to face the resistance. Interesting thing happened yesterday was that Bank Nifty which is weak has also reached near the resistance level of 43990. Thus in coming days Bank Nifty will hold the key. If Nifty has to go up then Bank Nifty shall start trading above 44000 and that will be one of the indication that till it is above 44000 then Nifty might trigger a short covering. But un-till that, resistances can have their impact an force them come down.

Trade Accordingly.

Note: the blog is update on Wednesday 29/11/2023 at 8.08 a.m. before the market open.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20.11. 2022                        NIFTY SPOT   19731.80

 

Hi Readers,

Nifty went up last week to close at 19731.

Nifty is making Flag formation on monthly charts. Breakout yet to come.

 

Now What:-

Majority of the mid cap stocks are showing strength, But the weightage stocks are showing they are nearing resistance.

Thus, in the coming week volatility will be there.

For the coming week 19888 will act as resistance and 19575 will act as support.

Overall Nifty made double top formation an below 19247 Nifty is in sell zone. Thus till Nifty is between 19247 and 20222 it is traders game. Both buy and sell possibilities will be there. In coming week Nifty is expected to take breather.

Trade Accordingly.

Note this blog is updated on 20/11/2023 at 8.09 am before the market open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 25.10. 2022                        NIFTY SPOT   19281.70

 

Hi Readers,

Nifty gave respect to our tussle zone level of 19713 and faced resistance and came down.

 

Now What:-

Now Nifty is weak and the texture is sell on rise.

Keep looking for selling possibilities on every rise as of now.

Trade Accordingly.

Note the blog is updated on 25/10/2023 at 8.22 am before the market open

 

 Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 09.10. 2023                        NIFTY SPOT   19653.50

 

Hi Readers,

Nifty rebounded exactly from the area we mentioned.

Hope readers would have enjoyed the same.

 

Now What:-

Now for the coming week 19713 will be an important resistance rather tussle zone. Till Nifty is below it, resistance will force volatility, in any case coming week is expected to be volatile.

Trade accordingly

This blog is updated on Monday 09/10/2023 at 9.16 am before the market opens.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 03.10. 2023                        NIFTY SPOT   19638.30

 

Hi Readers,

Nifty was range bound in the last week. Hovering around 19650.

 

Now What:-

Now in the coming week also it is expected to be mildly bearish with range bound bias.

At the start of the week it is expected to be mildly bearish and on downside 19428 around levels can be expected but after that, levels between 19234 and 19428 will act as tussle levels for bulls and bears. Sharp Range bound movements may be possible between that range.

Trade Accordingly.

Note this blog is updated on Tuesday, October 03, 2023 at 8.37 am before the market open. October 02, was National Holiday.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 18.09. 2023                        NIFTY SPOT :   20192.35

 

Hi Readers,

Nifty moved up and gave a breakout of “N” formation on weekly charts.

 

Now What:-

Now the texture of Nifty is buy on dips.

Many stocks are making “Cup with Handle” pattern.

Thus keep buying dips on Nifty for the week till Nifty is above 19878

Trade Accordingly.

Note this blog is updated at 8.09 am on Tuesday 18/09/2023 before the market open.