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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