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.


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