Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.01. 2018                                 NIFTY SPOT : 10894.70

                                                                                                         

Hi readers,

Nifty moved up as was mentioned in my previous blog dated Jan 14, 2018.

Wherein it was mentioned to be a buyer when Nifty is above 10698 and Bank Nifty is above 25875. Because above these levels Bank Nifty can surprise on the up side.

And the same happened. As soon as Bank Nifty moved above 25875 it never looked back and moved up up and away and made a high of 26957 and closed at 26909.

More than 1000 points in Bank Nifty and more than 200 points in Nifty.

This is the power of Technical analysis.

Now What :-

Now again the time has come to just step aside from Nifty and Bank Nifty.

Rather I will be looking for possibilities for correction in the coming week.

I will not be a buyer in coming week rather look for correction.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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