STOCK MARKET VIEW BY SACHIN AGGARWAL : May 2018

Sunday, 27 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 27.05. 2018 NIFTY SPOT : 10605.15

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

Readers of the blog were able to book full profits from all short positions when Nifty was at lowest at around 10450-10460 levels.

It was also mentioned that I will be a buyer from that level.

Nifty did exactly the same. Nifty moved up from there.

And made a high of 10628 and closed at 10605.

Now What :-

Frankly Nifty is at make or break level.

Although Nifty is showing strength but the indicators has not yet fully supported the strength. Thus I will be susceptible about that strength.

Nifty is in a larger range of 10450 to 10815 Below 10450 it will be bearish and above 10815 it will be strong.

In the coming week I expect Nifty to make full body candle Green or Red.

And if I have to take a view on Nifty for one side then I would like to go for Red candle.

In other words, from now onwards, till Nifty does not close above 10815 any strength it may show should be looked with suspicion and thus I would not go long from here. As 10815 closing basis is the level which will nullify the overall weakness.

And to manage the risk above 10666 I will step aside and look form sidelines and will not try to short Nifty.

But frankly below 10666, I will not leave any opportunity to sell Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Thursday, 24 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.05. 2018 NIFTY SPOT : 10430.35

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It fell and fell hard. Readers would be enjoying the profits in short time.

And part profits would have been booked by now as advised in my blog.

Now it is the time to book full profits at the open today and step aside.

rather I would look for buying possibilities on intraday basis.

Writing the blog before the market at 8.20 a.m.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 20 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.05. 2018 NIFTY SPOT : 10596.40

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It was mentioned that technically below 10680 look for selling possibilities after the Karnataka election results and same happened.

As soon as Nifty broke 10680 it started moving down and made a low of 10589 and closed at 10596.

Now What :-

Now the view is still the same.

Nifty structure is now sell on every rise.

Keep selling Nifty till it is below 10812 closing basis.

Although Nifty has support zones at around 10540, but at this point of time I would like to ignore that support and be on sell side only till Nifty does not give close above 10812.

Also please remember to keep booking part profits and trail the balance position as always.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 13 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 13.05. 2018 NIFTY SPOT : 10806.50

Hi readers,

Nifty moved as expected.

On the last few minutes on Friday it moved up and closed at 10806.

Now What :-

For the coming week everything is dependent on Karnataka Elections.

The result of which will be out on Tuesday the 15th May.

There is no fun taking any trading view for the week before that.

Technically below 10680 look for selling possibilities and above 10840 look for buying possibilities.

But it will be high volatile period several up and down movements can happen before Nifty decides to take any decisive move.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Wednesday, 9 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 09.05. 2018 NIFTY SPOT : 10717

Hi readers,

Book full profits again form Nifty.

And step aside.

Even below 10680 look for small selling possibilities now.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 6 May 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 06.05. 2018 NIFTY SPOT : 10618.20

Hi readers,

Nifty has moved as was expected and mentioned.

Nifty stopped and showed that it will stop and not move up from 10736 that was why I mentioned to book full profits and step aside.

It made a high of 10784 from there and fell from there and made a low of 10601 and closed at 10618.25.

Thus the decision to book full profits and step aside worked again.

Now What :-

Now also the view is same as far as the charts are concerned.

Till Nifty is above 10402 will look for buying possibilities and will not look for short selling Nifty. Even though there are too much volatility due to Karnataka Elections.

The only thing is that keep control on quantity and play accordingly.

In Nifty buy on dips approach should be used for the targets of 10788 and above.

Remember that the move from here will not be easy and will be volatile and choppy.

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.