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.

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