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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