Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.06. 2018                                 NIFTY SPOT : 10696.20

                                                                                                         

Hi readers,

Nifty moved in the range and was all over the place and closed at 10696 after making a low of 10558.

We did not wanted to buy till Nifty does not close above 10815 and above 10666 we wanted to step aside.

The view is still the same for the coming week.

The only thing is that the strategy and level is a bit changed.

Now I will look for selling possibilities only below 10606 closing basis.

And for the coming week till Nifty is above 10606 I will just step aside.

The mid caps are bleeding and the Mid cap Index is weak.

But the Nifty is somehow forced to stay on higher levels and even the charts are forced to show strength in Nifty.

Nifty going up is not ruled out above 10815. Because when Market big fishes are adamant to hold Nifty on upside they can do anything.

Professional traders an look for buying possibilities till Nifty is above 10606.

This blog is updated again just to correct the level of Nifty at the top earlier it was mistyped at 10605 it is actually 10696.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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