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 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.

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