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.

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