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.

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