Nifty Blog by CA. Sachin Aggarwal

Dated :- 17.09. 2017                                 NIFTY SPOT : 10085.40

                                                                                                         

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It was clearly mentioned that I expect Nifty to move up above 10012. Same happened Nifty has made a high of 10132 and closed at 10085.

Readers would have enjoyed the up move.

Now What :-

Readers would have booked profits by now.

Now in the coming week I would not like to trade in Nifty.

With the news and volatility around in the coming week related to North Korea and U.S. etc. I would like to step aside and wait for Nifty to take a movement.

Although Nifty is making a cup with handle on hourly charts, it is more visible on Nifty futures charts. Analyzing it technically Nifty is looking good for the targets of 10230 and above levels. But when the news flows have their impact than the technical's do not work.

Thus it is better to stay away from the markets in the coming week.

I always advise do not be a  compulsive trader in Market.

Wise men always act as per the situations and when the situation warrants to stay out one should stay out.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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