STOCK MARKET VIEW BY SACHIN AGGARWAL

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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STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday, 6 August 2017

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