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.

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