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.
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