Nifty Blog by CA. Sachin Aggarwal

Dated :- 26.05. 2019                                 NIFTY SPOT : 11844.10

                                                                                                         

Hi readers,

Nifty went up dancing on the tune of Exit polls and BJP winning the Lok Sabha Elections with thumping majority.

Nifty made a high of 12041 and due to expected volatility closed at 11844.10.

Now What :-

The texture of Nifty is buy on dips.

Keep buying Nifty on every dip for further higher targets.

Nifty is making inverted Head and shoulder pattern on daily charts pending breakout of which is above 11881 which is bullish.

Also it has made two bearish Harami Candles back to back together with two big red candles Combined with Bullish Island reversal pattern. Even after all this still remaining Bullish is good sign.

Taking all together it indicates the bullishness.

Keep buying on dips.

Further I would like to add that Bank Nifty is more bullish. It has given the breakout of Inverted Head & Shoulder pattern ahead of Nifty.

Keep an eye on Bank Nifty it should act as leader.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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