Nifty Blog by CA. Sachin Aggarwal

Dated :- 17.06. 2018                                 NIFTY SPOT : 10817.70

                                                                                                         

Hi readers,

Nifty respected all our levels and moved as was mentioned in my previous blog.

It stayed above 10740 all the week and closed dot at our level at 10815 i.e. at 10817.

Now What :-

Since Nifty has respected our levels there is no point for us changing our view. View is still the same i.e. on the down side 10580 will act as important support level.

But the problem area is Trump decision of Trade War with China and the fear that other countries will also involve in that.

Charts are indicating that the time to take a move is not far away.

But remember to keep the quantity in control.

Thus going by charts irrespective of the trade war fear keep looking for buying possibilities on dips. 

On the down side 10580 will be important support mark and till nifty is above 10647 it is in decent buy zone.

But remember that if the trade war fear started jittering the markets be swift and fast to book out from longs and in that case try to re-enter again only after the close above 10818 again.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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