Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.09. 2017                                 NIFTY SPOT : 9964.40

                                                                                                         

Hi readers,

Nifty fell and fell hard on North Korea news.

It was smelled by us in my previous blog when it was mentioned that in spite of the bullish cup with handle pattern I will not buy and step aside. Because when these type of news will have their impact they do not care for charts and go down hard.

Same happened.

These are the points and times when the charts and analysis help.

Readers would have enjoyed the fall as they were in safe zone.

Now What :-

Nifty has made an Island reversal pattern on hourly charts combined with the fact that it has negated the cup with handle pattern on hourly charts.

Also Nifty has made a bearish engulfing pattern on weekly charts.

Do not even think of messing with this deadly combination. And do not even think of buying till Nifty does not stays above 10147.

Professional would has gone short hard in Nifty at the open on Friday and during the day on the basis of Island reversal pattern together with the confirmations on indicators. Those who have not gone short can go short and keep selling.

Now what to do.

Simple sell and keep selling every rise.

Look for lower levels in Nifty.

In the coming week to my mind thinking of buying is a not a good idea at all.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly     --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------