STOCK MARKET VIEW BY SACHIN AGGARWAL : April 2018

Monday 30 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 30.04. 2018 NIFTY SPOT : 10736.20

Hi readers,

Nifty has moved up and made a high of 10759 today.

And now trading at 10736.

I would love to see further more sharp rise in Nifty today.

But it is crawling up and is up around 45-50 points.

Thus I believe that it is better to book full profits and step aside.

When ever big profit comes in no time always bring it home.

Profit woh hai joh ghar aa gaya.

Writing this blog during mkt. at 2.46 p.m.

And step aside

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 29 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.04. 2018 NIFTY SPOT : 10692.30

Hi readers,

Nifty moved up as was expected and mentioned in my previous blog.

Readers would have enjoyed the up move.

It was clearly mentioned to buy Nifty on dip.

Nifty gave a dip and made a low of 10514 and then it moved up as expected and made a high of 10719.80 an closed at 10692.30.

Now What :-

View on Nifty is still same to buy on dips again and again.

At this point it is always advisable to book part profits and trail the balance position with the stop loss of 10514 closing basis which is around cost so that the trade will be closed in profit.

And short term traders should look for buying possibilities on dips again.

I again mention here that I have been continuously mentioning that above 10402 Nifty is in a strong zone.

Only thing is that Nifty has been moving up on a non stop basis for the last 5 weeks. This may lead to a small correction which may or may not come, but if at all it comes than it will again be a buying opportunity till Nifty is closing above 10402.

Structure is strong even though we have reached retracement levels and resistance zone. But structure is indicating that Nifty might keep inching up without caring for dip. But as the prudence say that one should manage the trade and book part profits here and keep buffer to buy again whenever the dip comes.

And I would like mention clearly here that till Nifty is above 10402 do not short Nifty.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 22 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.04. 2018 NIFTY SPOT : 10564.05

Hi readers,

Nifty is moving as expected.

It was expected to give a correction. Nifty has given time correction till now.

Nifty is moving in a small range for the last four trading sessions.

Now What :-

Frankly Nifty is showing strength.

Dip in Nifty is much awaited and will be healthy for Nifty.

Remember one thing that in the dip if at all it comes, till and whenever Nifty closes above 10402 one should play Nifty with +ve bias.

For the coming week look for buying possibilities after the dip.

Till Nifty is closing again and again above 10402 one should respect the strength in Nifty and look to play with the strength.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 15 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.04. 2018 NIFTY SPOT : 10480.60

Hi readers,

Nifty showed the strength and closed at 10480.60.

Nifty has made third green candle with body on weekly charts showing strength.

When it closed above 10400 it moved up and made a high of 10519 and closed at 10480.

Now What :-

Now Since Nifty has closed above 10400 it showed strength. Above 10400 the next target for Nifty was expected to be around 10550.

This is almost done.

Now for the coming week the view is to stay away from Nifty and watch what it does, Because 10550 to 10690 is very imp. resistance zone and will not be taken off run through, there will be dip in Nifty. But frankly we do not want to short Nifty either till it does not close below 10258. Thus this week is wait and watch week for us. Expect volatile moves in Nifty in the coming week.

The broader range expected is for Nifty is 10290 to 10530 for the week.

The coming week will be good for intraday trades. As during which moves will be more clear and more sustained on both sides.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 8 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.04. 2018 NIFTY SPOT : 10331.60

Hi readers,

Nifty moved exactly as was mentioned in my previous blog and expected.

And the idea to play contra and buy on sharp dip and sell on sharp rise helped as Nifty was all over the place.

Hope readers would have enjoyed the same.

Now What :-

Now in the current week Since we have the two week of rebound on weekly charts already done.

The third week of full body candle on upside is rare and is the sign of strength. And it is not expected that Nifty will make such a kind of candle in the current week.

So what is expected in current week. This week expect a dip in Nifty and expect 10400 to act as resistance for Nifty.

In any case in the up move of Nifty. Nifty is running out of time it should have crossed 10390 by Friday (last trading day) or latest by Monday coming. Else it will lose its steam and 10400 will act as resistance.

And remember that if by chance Nifty closes above 10400 defying all odd then do not try to short this Nifty.

And on the down side 10238 is important level below which weakness will be more visible.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 1 April 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 01.04. 2018 NIFTY SPOT : 10113.70

Hi readers,

Nifty posted a rebound as expected.

And the decision to book full profit at 9968 proved to be right again.

The rebound seems to have more energy to go.

On the upside 10330 to 10400 can be resistance for the current week.

But for that Nifty has to stay above 10227 for showing further strength in rebound.

And on the downside below 9958 more lower levels are easily expected.

The current week is expected to be volatile one.

and trying to play with the contra strategy might pay reward that is sell on sharp and big rise and buying on sharp and big dips for small intraday trades. And this can be done only by the professionals who can manage the risk and switch their positions frequently.

The current week is also the start of the new expiry. Where the rebound is only one week old.

Expect volatile movements in Nifty.

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.