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.

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