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.

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