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.
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