Nifty Blog by CA. Sachin Aggarwal

Dated :- 07.01. 2018                                 NIFTY SPOT : 10558.85

                                                                                                         

Hi readers,

Nifty moved up and closed at 10558.85.

Frankly we were expecting a weekly close below 10448.

But Nifty on Friday moved up and closed at 10558.

Nifty took the support of 10414 as was mentioned in my previous blog and after that it should have moved towards 10618 quite fast. But since it was staying at 10450 around level for more than 2 days, which meant that it should have closed below 10448 rather below 10414 in the week itself. But Global Markets & Kim Jong Un of North Korea helped Global Markets to Rally.

Now What :-

As per charts one thing is certain that below 10448 Nifty will be in a sell zone. And below 10492 the bulls will not be in a comfortable zone.

As far as the short position is concerned. Keep holding with the stop loss of 10618 closing basis.

Nifty has made a double hanging man pattern on weekly charts. Which is quite rare. And it signifies one sided move on either side in the coming week.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly     --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------