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.

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