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.

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