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.

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