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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