STOCK MARKET VIEW BY SACHIN AGGARWAL : February 2018

Sunday, 25 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.02. 2018 NIFTY SPOT : 10491.05

Hi readers,

Nifty moved exactly as was mentioned in the blog.

Nifty was expected to come down and it made a low of 10302 and then rebounded to close at 10491.

Now What :-

My overall view is still the same. That is 10611 and 10867.

And the levels also.

This market is still sell on rise.

Now the coming week is also important for Nifty. This is a truncated week as we have Holi Festival in this week.

In the coming week watch out for our level of 10611 around where the struggle in Nifty is expected.

Frankly in the coming week I would like to watch Nifty move and its behavior around 10611.

Because this week we also have monthly closing in Nifty and till now it is making bearish engulfing pattern on monthly charts.

But the pattern is not complete till it is complete.

Monthly closing is important for me.

Also in the next two three days 10611 is important level.

Thus this week is wait and watch week and Enjoy the Holi Festival.

It is only below 10302 where we would be a seller in the coming week Where Nifty will also be giving breakdown of the Bearish Flag pattern and Bearish Head & Shoulder pattern.

Till then watch the movement of Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 18 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.02. 2018 NIFTY SPOT : 10452.30

Hi readers,

Nifty moved in a range in the week.

And it obliged us by respecting the level of 10611. It made a high of 10618 in the week and fell from there.

It was clearly mentioned that below 10611 there is comfort level of selling

Nifty.

Although we expected more downside from there, Nifty may give that downside in coming week.

Now What :-

My view is still the same.

Remain Short on Nifty and keep looking for selling opportunities and look for lower levels to come. Which in the medium term can be more deeper than people expect.

Comfort level of selling Nifty remains 10611.

For clarity even above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

No hurry and no urge to buy at all. Because for that it has to come in buy zone.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 11 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.02. 2018 NIFTY SPOT : 10454.95

Hi readers,

Nifty has rewarded the readers of the blog with both hands.

Readers would be remembering that it was mentioned in the previous blog to book full profits for once below 10600 or latest by Tuesday.

Nifty made a low of 10276 on Tuesday itself.

And after that it was all over the place for the next 3 days of the week.

Now What :-

Read the below lines carefully.

Till Nifty is below 10837 the overall structure of Nifty is sell on rise. We will maintain our stance of selling on every rise.

And till it is closing below 10611 Nifty is in a comfort sell zone and lower levels are expected and those lower levels can be deeply lower also.

For clarity above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

This 10837 level will keep on decreasing/trailing in the coming weeks i.e. weeks because it is from weekly charts.

No hurry and no urge to buy. Because for that it has to come in buy zone.

The only thing is that since the mid caps have fallen badly Nifty may want to spend few time here. But that will only be to force the weak hands to exit their short positions.

I want to highlight a technical indicator here and that is RSI on weekly charts. RSI has broken the its lows on weekly charts together with the fall in Nifty. RSI is at its 52 week low. Not a good sign for Nifty for coming weeks and months. More panic will be in store.

The coming week can be very naughty. We expect an full green or full red body candle in the coming week. Because it co-insides with the volatility which is expected because of the mammoth fall in mid caps.

For short term traders the trick to play the coming week is to keep the open of the week in mind i.e. weekly open on Monday. And play it carefully. Few points above the weekly open (say around 40-50 points) do not short sell Nifty for the week because in that if Nifty makes green candle you are saved. And if it makes red candle then it will have to come below its open where you can look for selling possibilities.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

This blog is updated again just to correct the typing error of Nifty closing level of previous week at top right hand side. It is 10454 and not 11454.

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.02. 2018 NIFTY SPOT : 11454.95

Hi readers,

Nifty has rewarded the readers of the blog with both hands.

Readers would be remembering that it was mentioned in the previous blog to book full profits for once below 10600 or latest by Tuesday.

Nifty made a low of 10276 on Tuesday itself.

And after that it was all over the place for the next 3 days of the week.

Now What :-

Read the below lines carefully.

Till Nifty is below 10837 the overall structure of Nifty is sell on rise. We will maintain our stance of selling on every rise.

And till it is closing below 10611 Nifty is in a comfort sell zone and lower levels are expected and those lower levels can be deeply lower also.

For clarity above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

This 10837 level will keep on decreasing/trailing in the coming weeks i.e. weeks because it is from weekly charts.

No hurry and no urge to buy. Because for that it has to come in buy zone.

The only thing is that since the mid caps have fallen badly Nifty may want to spend few time here. But that will only be to force the weak hands to exit their short positions.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 4 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.02. 2018 NIFTY SPOT : 10760.60

Hi readers,

Kudos Again.

Nifty fell and fell hard as was expected and predicted in advance in my previous blog dated 28-01-2018.

It was clearly mentioned to sell Nifty below 11002.

It was also clearly mentioned that Nifty is waiting to come down. And be always ready to Sell Nifty below 11002.

Now today people are bamboozled that Nifty is falling hard and fast. And midcaps are butchered like anything as if their companies are shutting down and there is no tomorrow.

It was all in the technical indicators that Nifty is about to fall. That was why I also mentioned that I will not at all buy Nifty come what may.

Writing such a big thing before big event like budget is not easy thing to do. Because Image, Respect and Name is at stake. One can write that only if one has confidence on his analysis.

Like always before this time also the correction point in Nifty was predicted in advance.

This is the power of technical analysis.

Technical analysis is first to be not on the wrong side of the trade and then to be on the right side of the trade.

I hope that readers would have enjoyed the fall.

Now What :-

Keep your Short positions intact till now.

And on Monday in first two hours book half of the profits without been greedy.

And for the balance half position try to book full profits around 10600 around levels plus/minus few points for once or by Tuesday latest for once and step aside.

Though I hope Nifty may even go down further but there is no limit to greed and opportunities will keep on coming.

Because whenever the big profits come in quick time do not forget to bring it home.

As I always say “ Profit Who Hai Jo Ghar Aa Gaya”

Enjoy the profits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Disclaimer:

The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.