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.
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