STOCK MARKET VIEW BY SACHIN AGGARWAL : October 2017

Sunday 29 October 2017

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.10. 2017 NIFTY SPOT : 10323.05

Hi readers,

Kudos again,

Nifty moved exactly as was mentioned in my previous blog dated Oct. 22, 2017.

It was clearly mentioned that above 10120 it is complete buy zone with comfort level and keep buying with the stop loss of 10060.

Nifty respected the levels and made a low of 10124 dot at the comfort level and moved up with high speed and made a high of 10366 and closed at 10323. It was the special pattern and when ever this kind of pattern is made Nifty moves up with speed.

Now What :-

Now Tomorrow on Monday i.e. Oct. 30, 2017. Book profits from the long positions and step aside.

Profit woh hai joh Ghar aa gaya.

Wait for Nifty to settle down and fresh trade to come.

Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 22 October 2017

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.10. 2017 NIFTY SPOT : 10146.55

Hi readers,

I hope everybody would have enjoyed DIWALI and celebrated it full happiness.

I pray to GOD that he keeps showering all his blessing on you.

Nifty has moved exactly as was expected and mentioned in my previous blog.

Nifty has shown strength and made a new all time high of 10251 and then on DIWALI day it came down and closed at 10146.

Now What :-

View is still the same.

Till it is above 10060 Nifty is expected to be in buy zone and keep buying the dips.

Also till the time it is above 10120, Nifty will be considered to be in a buy comfort zone.

For the coming week till it is above 10060 the structure of Nifty is to keep buying the dips.

Below 10060 just close the long positions and step aside.

Whenever Nifty is above 10120 it is in a buy comfort zone.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 15 October 2017

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.10. 2017 NIFTY SPOT : 10167.45

Hi readers,

Nifty moved up and as soon as it crossed 10030 it went on and made a high of 10191 and closed at 10167.45.

Nifty also took support at the major support level of 9950 twice which was mentioned in my previous blog that below 9950 the texture of Nifty would have be sell.

Now What :-

As mentioned in my previous blog above 10030 Nifty wants to show strength.

Thus till it is above 10030 it will remain strong.

Below 10030 just exit and step aside because in that case it will be in a limbo.

Another thing here is that Nifty has given a gap up on Friday and sustained that gap. Another back to back gap if at all it comes and sustains then 10060 will be the stop loss.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 8 October 2017

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.10. 2017 NIFTY SPOT : 9979.70

Hi readers,

Nifty moved up and made a high of 9989 and closed at 9979.70.

Readers would have been happy as they were able to book profits from their short positions at proper time as was advised in the previous blog.

This was more or less expected.

Whenever we get two big red candles on weekly charts the next week is normally expected to have either rebound or range bound moves.

Same happened.

Now What :-

Now in the coming week I will not be interested in buying at all.

Rather I will be willing to look for selling possibilities below 9950 for lower targets.

But I will not be a buyer at all in coming week.

See, Important thing is that Nifty is required to give weekly close above 10030 to make us feel that Nifty wants to show some strength.

Till then we are not interested in buying. Rather will be looking to sell to the weakness in Nifty below 9950.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Monday 2 October 2017

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.10. 2017 NIFTY SPOT : 9788.60

Hi readers,

Kudos again.

Nifty fell and fell hard as was mentioned in my previous blog.

It was clearly mentioned to go short and sell hard to the Nifty for lower levels. Nifty fell around 300 points in the week and made a low of 9687 and closed at 9788.

Readers would have enjoyed the fall in Nifty as would have gone short in Nifty. The pattern was blasting and the effect of the pattern comes in this fashion only i.e. run through down move.

Now What :-

As I always say that profit woh hai jo ghar aa gaya.

Book full profits and step aside.

And enjoy the profits.

And wait for it to consolidate and give another opportunity.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.10. 2017 NIFTY SPOT : 9964.40

Hi readers,

Kudos again.

Nifty fell and fell hard as was mentioned in my previous blog.

It was clearly mentioned to go short and sell hard to the Nifty for lower levels. Nifty fell around 300 points in the week and made a low of 9687 and closed at 9788.

Readers would have enjoyed the fall in Nifty.

The pattern was blasting for down side as was mention and the effect of the pattern comes in this fashion only i.e. run through down move.

Now What :-

As I always say that profit woh hai jo ghar aa gaya.

Book full profits and step aside.

And enjoy the profits.

And wait for it to consolidate and give another opportunity.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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.