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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