Nifty Blog by CA. Sachin Aggarwal
Dated :- 04.08. 2024 NIFTY SPOT 24717.70
Hi Readers,
I was occupied in many works and was not able to write the blog the schedule was quite hectic for me in last few months.
From today again we are back and you will find the blog on regular basis.
Now What for Next Week:-
Nifty has made a bearish gap and the texture is that till Nifty is below 25055 It will trade with bearish bias and traders should look for selling possibilities as and when they get the same they should capitalize the same.
In the coming week, It will be interesting to see how Nifty behaves at around 24510 levels (which is a support for next few days) break and trade below this level will open doors for more downside.
It is expected that the coming week shall
Trade Accordingly.
Note: All levels are of Nifty Spot always.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 13.05. 2024 NIFTY SPOT 21954
Hi Readers,
Nifty has a support at 21801 for the current week. Together with the support of averages I would like to book from the short positions at current level and wait for the rebound in coming days. Frankly, till 21801 is not taken out Nifty can either consolidate or rebound in coming days.
Trade Accordingly.
Note : This blog is updated at 9.31 am during the market on Monday 13.05.2024
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
