STOCK MARKET VIEW BY SACHIN AGGARWAL : August 2018

Sunday, 26 August 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 26.08. 2018 NIFTY SPOT : 11557.10

Hi readers,

Nifty moved up in the previous week and made a high of 11620 which was exactly our first target and after that closed at 11557.10.

Readers would have liked the move.

Now What :-

View on Nifty is still the same.

Nifty is in buy on every dip zone.

Our previous week level was 11234, above which the Nifty is in strong buy zone.

Now let us shift the level further up,

Now till Nifty is above 11330 closing basis the view will remain the same and Nifty will have the urge to keep moving up and reach higher targets.

Remember that the coming week is also a expiry week. And the news from USA and China are also not good, but in-spite of that fact the Nifty is holding above 11488. Thus there is no reason to change our view till now.

However Nifty staying above 11488 is a sign of strength but we have often seen that expiry weeks are volatile and have the power to do different things. For that the level of 11330 is there.

Often we have seen that sticking to the rules always helped and gave the best benefits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 19 August 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.08. 2018 NIFTY SPOT : 11470.75

Hi readers,

Nifty consolidated as was expected in the previous week.

And the view that Nifty is buy on dips proved right and Nifty moved up after a dip to 11340 and moved up and made a high of 11486 and closed at 11470.

Now What:-

Now also the view is still the same that Nifty is in a buy on dips zone. every dip is a buying opportunity.

Nifty is still buy on every decline till it is above 11234 and Nifty is in comfort zone of buy till it is above 11320.

Keep buying Nifty on every dip for higher targets up to 11630 and 11700.

And if by chance nifty goes below 11320 and then 11234 then just stay away but not interested in shorting Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 12 August 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.08. 2018 NIFTY SPOT : 11429.50

Hi readers,

Nifty moved up as was mentioned in my previous blog, it made a high of 11495 and closed at 11429.

Nifty has hit all the targets for now.

And readers would have enjoyed the up move and profits.

Now What :-

Now as I always say "Profit Woh HAi joh ghar Aa Gaya"

Book full profits and step aside.

Although Nifty is still buy on dips. but the dips can eat the profits.

Thus, Book full profits and enjoy the profits and wait for the next move in Nifty.

Till then enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 5 August 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 05.08. 2018 NIFTY SPOT : 11360.80

Hi readers,

Nifty moved up as was mentioned in my previous blog, it made a high of 11390 and closed at 11360.

Nifty has almost hit the target of 11400 by making a high of 11390.

But do we say that the up move has ended from here???

The answer is No.

The up trend is still intact and till it does not give any indication I am not interested in taking sell trade.

Rather I will look for more upside and would like to continue with the long position for higher targets.

Keep holding long position.

And for that the trailing stop loss will continue to be 11010.

But since the trailing stop loss is too big and there is no better trailing stop loss for the setup as of now.

But we need to do trade management and at this time of the trade we need tight trailing stop loss.

Thus keep tight trailing stop loss of 11233 closing basis so that the large profits is brought home in all cases.

I will keep looking for dips for buying possibilities till 11233 is protected which may or may not come.

I had already mentioned that pattern is somewhere else. It is in Dollex 30 (Sensex in dollar terms). And there the pattern is still intact their with the strength in Nifty and BSE Sensex.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Disclaimer:

The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.