STOCK MARKET VIEW BY SACHIN AGGARWAL : September 2018

Sunday, 30 September 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 30.09. 2018 NIFTY SPOT : 10930.45

Hi readers,

Nifty moved as was mentioned and expected.

Nifty held 10875 level and it rebounded from their and was sold again and again held 10875.

Now What :-

Although now also the news will hold the key but everything has to be played with technical charts.

Charts are in oversold zone and may pose a rebound. But remember one thing that when the bad news come in oversold zones then Nifty has the tendency to fall very sharply non-stop.

Thus the trading strategy is that above 11043 Nifty will be available for rebound. And if remains below 10870 then it is in complete sell zone. Thus if and when ever the rebound comes in Nifty above 11043 play with that for small profits.

To inform the readers Nifty has made two bearish patterns i.e. Shooting Star Pattern on quarterly charts and Bearish Engulfing pattern on Monthly charts.

Together with the fact that 200 DMA is coming at around 10770-10800 zones.

Frankly the levels of 11043 and 10880 will hold the key Above 11043 try to buy for small profits and below 10880 be on short side for small profits.

Sharp rebound can come any time as per technical's.

Even in the absence of any further bad news Nifty can give rebound.

But continued bad news makes mockery of moves.

And remember do not bottom fish here because the key of playing oversold markets are to let the rebound start and whenever it starts then just enter in it at proper time, otherwise the oversold markets just keep on falling nonstop because weak hand buy there and are killed.

Strategy for the week is to remember the levels and play accordingly for small profits and small stop loss again and again.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 23 September 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 23.09. 2018 NIFTY SPOT : 11143.10

Hi readers,

Nifty was all over the place in the previous week and on Friday because of IL&FS and DHFL news it fell hard and butchered the Bulls.

Thanks to technical analysis that readers were not long.

It was mentioned that the V shape rally will not sustain and Nifty will come down and look for small selling possibilities, but frankly we looked for small profits that big fall was not expected.

Now What :-

After the steep fall in nifty. It is expected that Nifty will like to hold the low it has made in the previous week which is 10875. And it is the news only which will hold the key.

Remember one thing that if the fall on Friday continues on Monday then it means that the trouble for Nifty is big enough. In that case step aside and try to sell where ever possible only for intraday.

In any case I would like to watch Monday's move and would like to stay away from Mkt. in coming week as this week is also expiry week.

For compulsive traders after Monday (if Monday is Calm and steady) the trade available in the town is to look for small buying possibilities from Tuesday onwards for intraday for small profits, because in these kind of scenario no stop loss should be kept on closing basis. And remember that it is high risky trade.

Trade less and Stay on sidelines and save for the proper time.

"Jab Mkt. mein HAthi LAd Rahein Ho Toh Aaram Karna Chaiye"

But, if only, technical charts are allowed to have their say then look for rebound in Nifty.

But in front of bad news that too when financial system is at risk no technical works because everybody is seller.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 16 September 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 16.09. 2018 NIFTY SPOT : 11515.20

Hi readers,

Nifty was all over the place in the previous week it was complete volatility.

Nifty made a low of 11250 and then made a high of 11523 and then closed at 11515.

Now What :-

In the current week also it is expected that nifty will like to move in a range with negative bias.

The range for the coming week is expected to be 11589 to 11350.

In the coming week during the day I would like to look for small selling possibilities on rise for small profits.

The "V" shaped rally is not likely to sustain.

Thus it is expected that Nifty will spend some time in the range.

Kabhi up Kabhi down move is expected.

Trade accordingly and trade for short profits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 9 September 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 09.09. 2018 NIFTY SPOT : 11589.10

Hi readers,

Nifty moved exactly as was mentioned in my previous blog.

It was expected when Nifty was at 11680 levels that Nifty may come down that was why it was mentioned in the previous to book profits and step aside for once.

And it was also mentioned that Nifty should be considered as buy on dips till Nifty is above 11388. And see the movement of Nifty it exactly took support at 11393 which is only 5 points above 11388 and moved up again from there in-spite of all the negative news from Dollar etc. and made a high of 11603 and then closed at 11589.

I hope readers would have enjoyed the down move in Nifty and also the support of Nifty at 11388 and then the up move till 11600.

Now What :-

Now at this point when Nifty is at 11589 book full profits again in long position and step aside.

The coming week is no trade zone week.

Nifty is expected to be volatile in the coming week and is expected to be all over the place.

Would like to enjoy the coming week as holiday week.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 2 September 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.09. 2018 NIFTY SPOT : 11680.50

Hi readers,

As mentioned Nifty moved up in the previous week and made a high of 11760 which surpassed our target of 11700 and after that closed at 11680.

Readers would have liked the move.

Now What :-

View on Nifty is still the same. Nifty is in buy on dips zone.

But no harm booking full profits here and step aside for once. As the Nifty has hit our second target also and has already given long up move. As a trading strategy profits has to be booked once else they become greed.

As I always say " Profit Woh hai joh Ghar Aa Gaya."

But one thing I would like to mention here is that the level 11388 is important level. Till we are above this level the view should only be buy on dips. As this level has now become very important level.

Till now book full profits at this level and enjoy the profits.

This blog is updated again because the level of 11388 was mistyped as 10388.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.09. 2018 NIFTY SPOT : 11680.50

Hi readers,

As mentioned Nifty moved up in the previous week and made a high of 11760 which surpassed our target of 11700 and after that closed at 11680.

Readers would have liked the move.

Now What :-

View on Nifty is still the same. Nifty is in buy on dips zone.

As I always say " Profit Woh hai joh Ghar Aa Gaya."

But one thing I would like to mention here is that the level 10388 is important level. Till we are above this level the view should only be buy on dips. As this level has now become very important level.

Till now book full profits at this level and enjoy the profits.

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.