STOCK MARKET VIEW BY SACHIN AGGARWAL : July 2018

Sunday 29 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.07. 2018 NIFTY SPOT : 11278.35

Hi readers,

Kudos again,

Nifty moved up with a bang and as was mentioned in my previous blog it made a high of 11283 and closed at 11278.

It was clearly mentioned to keep holding the long position for higher targets.

And it was also mentioned that above 11080 Nifty will give further breakout of Flag pattern which is very bullish pattern.

Same happened after breaking 11080 Nifty went up up and away.

Readers would have enjoyed the handsome profits.

As I have been suggesting buy from 10600 to 10650 around levels.

Now What :-

As I always say "Profit Woh Hai Joh Ghar Aa Gaya"

Book 2/3rd position here at 11278 and keep holding the balance position for targets of 11350 to 11400 plus.

Low risk traders can book full profits here and step aside.

High Risk traders should remember that the move from here might not be easy as that have been till now.

Nifty can give volatile moves from here.

The trailing stop loss for the balance position is 11010 closing basis.

Remember that I have been saying that on upside Nifty can surprise for targets.

That is why I have not mentioned to book full profits in-spite of the fact that the profits are huge. Because I want to wait for Nifty to give exit. Till it is in sustained uptrend keep holding it.

But for better trade management I have suggested to book 2/3rd profits here.

Keep Enjoying the profits and Keep reading.

The blog is updated again just to correct the Nifty levels 11350 was mistyped as 10350 etc etc..

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.07. 2018 NIFTY SPOT : 11278.35

Hi readers,

Kudos again,

Nifty moved up with a bang and as was mentioned in my previous blog it made a high of 10283 and closed at 10278.

It was clearly mentioned to keep holding the long position for higher targets.

And it was also mentioned that above 11080 Nifty will give further breakout of Flag pattern which is very bullish pattern.

Same happened after breaking 11080 Nifty went up up and away.

Readers would have enjoyed the handsome profits.

As I have been suggesting buy from 10600 to 10650 around levels.

Now What :-

As I always say "Profit Woh Hai Joh Ghar Aa Gaya"

Book 2/3rd position here at 10278 and keep holding the balance position for targets of 10350 to 10400 plus.

Low risk traders can book full profits here and step aside.

High Risk traders should remember that the move from here might not be easy as that have been till now.

Nifty can give volatile moves from here.

The trailing stop loss for the 1/3rd balance position is 11010 closing basis.

Remember that I have been saying that on upside Nifty can surprise for targets.

That is why I have not mentioned to book full profits in-spite of the fact that the profits are huge. Because I want to wait for Nifty to give exit. Till it is in sustained uptrend keep holding it.

But for better trade management I have suggested to book 2/3rd profits here.

Keep Enjoying the profits and Keep reading.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 22 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.07. 2018 NIFTY SPOT : 11010.20

Hi readers,

Nifty moved exactly as was mentioned in my previous blog dated July 15, 2018.

It was clearly mentioned to keep on buying on dips without hesitation till Nifty is above 10850.

Nifty gave a dip and made a low of 10925 and even did not threatened our level of 10850 and the readers would have loved that dip as a buying opportunity and then nifty moved up and made a high of 11076 and closed at 11010.

Readers would have enjoyed the upmove.

Now What :-

Now also the view on Nifty is still the same.

Keep holding the long position for higher targets.

And for better trade management Book 1/3rd part profits here and keep holding the balance long position.

The stop loss for the same should be 10848 closing basis.

Nifty has also made a flag pattern on hourly charts and the breakout of which is above 11080. Which can further fuel the momentum.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 15 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.07. 2018 NIFTY SPOT : 11018.90

Hi readers,

Nifty gave a breakout of the range above 10932 and after that zoomed up.

Also reader would be remembering that in my earlier blogs I mentioned that gap up from here in these range would be very strong for Nifty.

Nifty gave a gap up on July, 10 above 10850 and broke the range on the same day and closed at 10947.

This was clear breakout.

I hope readers would have enjoyed the up move in Nifty.

This is how the technical analysis helps when it is in range just step aside and when the breakout comes just enter and enjoy the move.

Now What :-

Now also the view on Nifty is still the same.

The structure is bullish and stay on the long side.

I have mentioned earlier also that this time if at all the up move comes do not disbelieve it, any surprise in Nifty if at all it will come will first be on the upside.

Stay on buy on dips approach and continue buying Nifty without hesitation.

Actually the pattern is some where else which many people may not track.

It is on Dollex 30 where Dollex 30 has made a triple bottom pattern on daily and weekly chart. which is considered as bullish pattern.

And that too after a long consolidation. Chart attached.

Keep enjoying the profits and keep buying on dips, till the time the gap of 10850 is staying do not even have any pinch of hesitation. This is the comfort area of buy positions.

The level of 10628 on the downside is major support level.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 8 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.07. 2018 NIFTY SPOT : 10772.65

Hi readers,

Nifty took support at our support level at 10628 and moved up.

Although I updated the blog on July 03, (Tuesday) during the day that Nifty has taken support second time at 10628 and now the time for move is coming. And if by chance Nifty again breaks below 10628 then even do not hesitate to sell. And it was also mentioned that low risk traders can even exit at cost or even very small profit.

But based on the queries I received the interpretation might went as that even high risk traders also squared the positions.

It was not right on my part to write again in between for that clarification when Nifty went up.

Now What :-

Now also the view is still same.

Nifty is in a buy on dips zone and the broader range has shifted to 10580 to 10932.

In the coming week although Nifty is in a buy momentum but I will stay outside. Booking all long positions and stepping aside is a good strategy.

Because I expect this week to be volatile.

Let Nifty give breakout or breakdown of range.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Tuesday 3 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.07. 2018 NIFTY SPOT : 10683.20

Hi readers,

Nifty is not breaking out and rather starts showing signs of weakness.

Today also it has taken support at our level of 10628 today's low is 10630.

Rather for low risk traders better to book your longs at cost or at negligible profits and wait.

Now if Nifty starts breaks below 10630 today again then we would look for selling possibilities also for intraday basis.

Time to be on your toes.

Trade accordingly.

Blog is updated at 10.01 during the day.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 1 July 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 01.07. 2018 NIFTY SPOT : 10714.30

Hi readers,

Nifty was all over the place in the previous week and our decision to stay out was proved good again.

Nifty made a low of 10557 and then rose to close at 10714.30

Nifty respected and took support of our level of 10580 closing basis. And rebounded from there.

Now What :-

Now in the coming week the level of 10514 and 10557 will continue to remain an important support and in the coming week.

In the coming week I will look for buying possibilities and will be a buyer on every dips.

For me now the level of 10628 will remain critical and comfort zone for staying on buying on dips approach.

Although in this buy on dips strategy the confidence level is not that strong because on an overall grounds the Nifty is expected to spend more time in the broader range of 10511 to 10870.

But for whatever short profits the strategy for the week is stay on buying on dips for small profits and keep booking profits and keep buying again on dips.

Volatile week is expected.

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.