STOCK MARKET VIEW BY SACHIN AGGARWAL : August 2017

Sunday 27 August 2017

Welcome to Nifty Blog by CA. Sachin Aggarwal

Dated :- 27.08. 2017 NIFTY SPOT : 9857.05

Hi readers,

Nifty gave a breakdown below 9780 and made a low of 9740 but did not get the follow through.

And it kept on hovering between around 9760 to 9860 and closed at 9857.05.

Now What :-

Nifty is not giving follow through of the break down. And in the coming week we also the expiry.

Keep holding the short position with the stop loss of 9904 closing basis for Monday.

And from Tuesday onwards if it trades above 9904 for continuous period of half an hour (30 minutes) then also close the position and step aside.

Because nifty is at the crucial level which is saying that Nifty is likely to take a move on the one side. And that move will be a good one which ever side it comes.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 20 August 2017

Welcome to Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.08. 2017 NIFTY SPOT : 9854.40

Hi readers,

First of All,

Nifty moved in a range and as soon as it closed above 9887 readers would have booked full profits from short positions and stepped aside.

I always like this behavior that Nifty respected the levels as it closed just above 9887 at 9904 and 9909 for two days and then closed at 9854 on Friday.

Now what :-

Now Nifty is getting ready for the move of 150-200 points on one side.

And if it holds the low it had made on Friday of 9783 then it can well be on the upside also.

Actually Nifty is on the verge of giving fresh breakdown. But remember that breakdown has still not come. It will come only below 9780.

And once Nifty starts closing above 9904 again, it will be considered that it does not want to give fresh breakdown. In that case together with the fact that Nifty wants to take a move of 150-200 points, further higher levels can be seen. In that case the stop loss shall be 9790 closing basis.

If Nifty gives any gap up here in next two trading sessions at this location and sustains that gap then in that case there is more probability of this scenario to occur.

On the other hand close below 9780 will be treated as fresh breakdown and in that case further lower levels are expected. In this case stop loss is 9904 closing basis.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 13 August 2017

Dated :- 13.08. 2017 NIFTY SPOT : 9710.80

Hi readers,

First of All,

HAPPY INDEPENDENCE DAY coming on Aug. 15, 2017.

Proud to be INDIAN.

Kudos again,

Nifty fell and fell hard as was mentioned by me in my previous blog dated Aug. 06, 2017.

Readers would have enjoyed the fall and steep fall in Nifty.

Tons of profits in one week.

More than 350 points profits in one week only.

Readers would have been able to short the Nifty at minimum around 10000 to 10050 around levels.

It was clearly mentioned in my previous blog that After Monday of the previous week, be ready for fall in Nifty. And was clearly mentioned that I am expecting 9850 to 9900 in the week.

But Nifty was in a hurry to come down. It kept on coming down like pack of cards and made a low of 9685 and closed at 9710 and done/completed the fall of two weeks in just one week.

Now What :-

Now as I always say that, whenever big profits come in small time bring it home.

"Profit Woh Hai Jo Ghar Aa Gaya".

Book part profits at least half and trail the balance short position with the stop loss of 9887 closing basis.

Trade accordingly.

Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 6 August 2017

Dated :- 06.08. 2017 NIFTY SPOT : 10066.40

Hi readers,

Kudos again,

Nifty has moved exactly as was mentioned in my previous blog dated July 30, 2017.

Despite of the RBI policy, Nifty moved within the range mentioned in my previous blog.

Also it was mentioned that after the policy keep buying above 9980 with the stop loss of 9930.

Same happened Nifty gave the buying opportunity when it made a low of 9988 perfect opportunity to buy. It then went up to make a high of 10075 and closed at 10066.40.

Readers would have enjoyed the Nifty move.

This is the power of technical analysis that it helps to enter and exit at proper time to make gains.

Now What :-

Now in the current week book profits from the long positions in Nifty on Monday itself and step aside.

Because in the coming week after Monday's initial period. I would like to see Nifty drifting down towards 9850 to 9900 around levels during the week etc.

I would like to see Nifty's movement after Monday.

In the coming week I will not be a willing buyer in Nifty and would like to look for weakness in Nifty.

If weakness comes then I would be willing to sell for the coming week and if by chance Nifty does not show weakness then I would be happy stepping aside and enjoying other things.

Crux is that I would not be a buyer in the coming week but rather look for weakness in Nifty in the coming week which may or may not come.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Disclaimer:

The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.