STOCK MARKET VIEW BY SACHIN AGGARWAL : March 2018

Sunday 25 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.03. 2018 NIFTY SPOT : 9998.00

Hi readers,

Nifty fell as expected and reader would have loved it.

Although we had our target of 9800 and below. We decided to book full profits around 9968 because we did not want the big profits to be in any risk. That was why I wrote the blog during the week on Friday March 23rd that Nifty is opening around 9968 and book full profits at the opening of market only.

The coming week is truncated week where we have only 3 trading sessions.

And we have been falling for last 8 weeks continuously.

Nifty and Bank Nifty is at lower end of the Bollinger band on weekly charts.

The view for the next week is to stay away and enjoy the holidays and enjoy the financial year end.

Enjoy long Week holiday.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Friday 23 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 23.03. 2018 NIFTY SPOT : 9968.00

Hi readers,

As expected Nifty is opening lower at 9968.

book full profits in all short positions as at open.

Big profits is coming in no time.

Profit Woh hai jo Ghar aa gaya.

Enjoy the profits.

Happy Navratras.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Thursday 22 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.03. 2018 NIFTY SPOT : 10114.75

Hi readers,

Nifty is falling exactly as was expected and mentioned in the blog.

It is falling and making new lows.

After making a new low of 10049 in the week it has closed today at 10114.75.

Nifty has been falling for the last eight weeks continuously and we were able to capture all that down move.

Now I believe that there is no harm in booking full profits in all short positions and bring the money home for once and step aside. Thus book full profits in all short positions tomorrow.

As I always say "Profit Woh Hai Joh Ghar Aa Gaya".

Before the Nifty turns choppy book full profits and wait for the fresh/next move to come in Nifty.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 18 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.03. 2018 NIFTY SPOT : 10195.15

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It was clearly mentioned that Nifty has given breakdown of multiple patterns and till it is below 10615 it is sell on rise and lower targets expected are 9800 and below.

Same happened Nifty gave a rise and made a high of 10478 and then fell hard and closed at 10195.

Now What :-

Now the view is still the same Nifty is expected to move further lower in coming days.

Till the Nifty does not do anything which gives any justification of even a smallest of buy it is in a sell zone and sell mode only.

Expect more lower levels.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 11 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.03. 2018 NIFTY SPOT : 10226.85

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It was clearly mentioned that this week is going to be the week where we will get the tradable move in Nifty. And try to play that move and go and sell below 10340. Similarly in Bank Nifty it was mentioned to sell below 24788 and Same happened both the indices broken down and kept coming down.

Nifty made a low of 10141 and Bank Nifty made a low of 24048.

Readers would have benefitted from the move.

Now What :-

Now for the coming week:-

Nifty has given breakdown of multiple patterns including Bearish head & Shoulder pattern and bearish Flag pattern on daily charts.

For both the patterns the stop loss is 10615 closing basis.

And remember that our important level had always been 10611 which I had been mentioning in my previous blogs.

Now the view in Nifty is simple and straight. For the coming days till the time pattern is there try to play in the direction of the pattern.

Thus till the time Nifty does not close above 10615 the overall view is sell on rise. Because the targets on the lower side are around 9800 or below.

Now since the stop loss is too high for the retail traders. For them, as they would have booked the part profits by now as this has always been the strategy for us that whenever we get big profits in no time book part profit immediately.

And for the balance I wanted to say that keep holding the balance position with the stop loss of 10615 closing basis as the net stop loss after booking profit for balance position is around 100 to 150 points.

But for retail traders I do not want to say that because 10615 is 390 points from here, it goes beyond the appetite of Retail trader.

For them for the balance position keep the stop loss of the cost i.e. 10340 closing basis. So that they always remain in profit.

Week hearted persons can book full profits here and step aside and wait for Nifty to give any rebound for selling on rise which might come or might not come. The next move on downside whenever it will come may be fast and might not give proper chance to sell.

Also the area to look at is Bank Nifty which has made 6 continuous Red candle on weekly charts. This shows the weakness in that and also gives information to traders that for any rebound to happen keep an eye on Bank Nifty.

That Bank Nifty rebound if comes will allow Nifty traders to sell on rise till Nifty is below 10615 closing basis.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 4 March 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.03. 2018 NIFTY SPOT : 10458.35

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

Nifty was expected to take resistance at our important level of 10611 and it did exactly the same, It made an intraday high of 10631 an fell down from there and then made a low of 10447 and closed at 10458.

As expected and mentioned in my previous blog Nifty has also made bearish engulfing pattern on Monthly charts.

Now What :-

Now for the coming week. The view is that between 10340 to 10536 Nifty is in a no trade zone and above and below the levels mentioned Nifty is expected to give tradable move on either side.

Above 10536 I will look for small buying possibilities in Nifty for the week with a small stop loss on closing basis. And below 10340 I will be looking for selling possibilities.

Simultaneously for Bank Nifty also the level of 24788 ( Closing 24902) is important on the down side. It is only below 24788 that I will look for selling possibilities with a small stop loss on closing basis. Otherwise Bank Nifty above 25180 and with combination of Nifty above 10536 I will look for buying possibilities for the coming week with a small stop loss on closing basis.

The coming week will be a tricky one where one should be very careful about the levels and the side of the trade one should be at. Because a reasonable move is expected in coming days in Nifty and Bank Nifty either side.

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.