Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.12. 2017                                 NIFTY SPOT : 10493.00

                                                                                                         

Hi readers,

Nifty closed dot just above our level of 10492.

It closed at 10493.

And close is a close above 10492. Readers would have closed their positions and stepped aside.

Nifty is giving respect to the levels and analysis, which is always heartening to see.

This is power of trade management and booking profits timely.

Because after that one can play with the balance position.

As they say Whosoever books profits never loose.

Now What :-

As a trade policy.

Whenever Nifty breaks important level such like 10492. Just step aside and wait and let Nifty prove itself.

Strategy is to just step aside and wait for Nifty to prove. And let the indicators and Nifty come together in same direction because for example an Indicator named ADX is still moving opposite to the Nifty's move. Which is not a common phenomenon. Chart attached.

Thus just step aside and wait for Nifty to prove itself.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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