Nifty Blog by CA. Sachin Aggarwal

Dated :- 14.01. 2018                                 NIFTY SPOT : 10681.25

                                                                                                         

Hi readers,

Nifty has closed at 10681.25 making Doji's and Hanging man's consequently on daily charts for last 4 days.

One sided move was expected on either side by Nifty this week and it was there. Nifty has made green full body candle.

Although we wanted it to come down and make a red candle. Nifty chose to make green candle.

Important observation is that Nifty has made a gap up on weekly charts.

And charts are showing sustained up move.

Now the levels in Nifty is moving upwards. Till last week it is 10450, below which Nifty is complete sell. Now it is below 10562 below which Nifty will be in a sell zone and below 10596 Bulls will not want to be holding long positions.

And aggressive traders like us would start finding possibilities of Short selling below 10596.

One another thing everybody has to keep in mind is, that, for Bank Nifty keep these 2 levels in mind. Below 25525 stay on sell side. And in case Bank Nifty stays and closes consecutively above 25875 please do not think of shorting Nifty and Bank Nifty because in that case Bank Nifty can show some surprises on upside.

Thus we need to have the combinations of Nifty below 10562 or below 10596 for aggressive traders and Bank Nifty below 25525 to go short for the trade to be fruitful.

Else, till Nifty is above 10698 and Bank Nifty is above 10875 either be a buyer for small profits intraday or step aside.

The coming week is expected to be very volatile one where volatility is expected to increase.

The upside in Market is expected to be rented one which will be followed by reasonable fall in Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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