STOCK MARKET VIEW BY SACHIN AGGARWAL : November 2018

Thursday, 29 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.11. 2018 NIFTY SPOT : 10823.75

Hi readers,

Nifty broke our range and moved above 10680.

This was the move we expected to come last week.

Those who have bought above the breakout of 10680 should book full profits and step aside at 10825 CMP.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 25 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.11. 2018 NIFTY SPOT : 10526.70

Hi readers,

Nifty traded with negative bias and went on coming down whole week.

Although we expected a full body green candle. But Nifty made full red body candle. But the silver lining was that below 10608 it was mentioned to step aside. And as Nifty closed below 10608 it rushed down to make a low of 10512 and closed at 10526.

Now What :-

Now the view is that to remain step aside,

Because Nifty has broken the levels thus no point to buy.

But, still Nifty is not giving conviction to sell either.

Although Nifty has broken below the Bearish Head and Shoulder pattern and the targets of the same are below 10350.

But the bullish Island pattern is still on, which will remain active till nifty is above 10388.

Also, still the indicators has not fully turned in sell zone.

Thus we consider it to be no trade zone and keep stepping aside.

Nifty is in a range between 10404 to 10680.

The coming week is also expiry week watch Nifty to give clear indication.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 18 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.11. 2018 NIFTY SPOT : 10687.25

Hi readers,

Nifty gave both the opportunities to buy and sell and readers would have been with the move.

Firstly it was went down below our level of 10530 and gave a small correction made a low of 10460 as mentioned in my previous blog.

And then it went up and when it started moving above 10558 then it kept on moving up and readers should notice, that, the candle on hourly chart (when the up move started) the hourly candle low is 10536 and the same candle broke 10558 also broke 10600 level. And after that Nifty never looked back and even after consolidation made a high of 10709 and closed at 10687.

Now What :-

Nifty is in a strength mode.

Frankly at this point if we look to find selling possibility in Nifty then we do not find any till Nifty is above 10530. Below 10530 this time the view will be different.

And Nifty has made a bullish Island reversal pattern on hourly charts. And we have been maintaining that for upside once 10760 which is 200 DMA is crossed by Nifty then people will start turning bullish.

Keep looking for buying possibilities.

Also let me mention one thing more here that in coming week if the up move starts ( which we expect) then it will be with style and bang and in that case nifty is expected to make full body Green candle and the move up shall be non stop.

Thus if Nifty starts hanging or coming down or even does not move up in a day or two then just step aside.

For the coming week I will be either a buyer or just step aside.

I want to see nonstop up move in Nifty as a full body green candle should have been made in the previous week when nifty crosses 10558 again. It is one week late thus I want NIFTY to make that candle in the coming week.

Therefore, if Nifty closes below 10608 then I would step aside for the week.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 11 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.11. 2018 NIFTY SPOT : 10585.00

Hi readers,

I hope readers would have enjoyed DIWALI.

Now coming back to Nifty.

Nifty is moving sideways and consolidating at 10450 to 10600 levels.

The current week was very small range week which has made a narrow range pattern.

The strategy for the week is that till Nifty is above 10558 keep looking for buying possibilities for higher targets. And below 10558 be cautious and below 10530 do not be a buyer because in that case Nifty can give small correction which might even be tradable on the down side.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 4 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.11. 2018 NIFTY SPOT : 10553.00

Hi readers,

First of all

" Happy Dhan - Teras"

"Happy Diwali "

"Happy Bhai Dooj"

May Goddess Lakshmi shower all her blessing on all of you and all of us.

Nifty moved up as expected and mentioned in my previous blog.

I updated the blog even on weekdays so that readers would have clear idea what is happening in Market.

Nifty is moving up with style.

Nifty has made a high of 10606.95 and closed at 10553.

Readers would have enjoyed the up-move in Nifty.

Now What :-

Readers would have booked part profits as mentioned in my during the market previous blog when Nifty was at 10507 and would be holding the balance long positions.

I wanted to write to further trail the balance positions with further trailing stop loss.

But considering the Diwali and other Festival Celebrations I am writing to book full profits as we are getting handsome profits. I believe in enjoying the Festivals and give more preference to Festivals and enjoying the same. As they rejuvenate the Heart, Soul and Mind which brings enjoyment all around.

Thus book full profits and bring Lakshmi Home and enjoy Diwali.

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

Trades are always there in Markets but Festivals come once in a year.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Friday, 2 November 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.11. 2018 NIFTY SPOT : 10507.00

Hi readers,

Nifty moved up as expected and mentioned in my previous blog.

Book part profits here and keep holding the balance position for further higher levels.

And keep the trailing stop loss of 10264.

Stop loss is looking big as we did not get the weekly close till now.

But still it will be in profits.

We are not booking full profits here because this move can give more also.

The blog is updated during market at 9.41 am.

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.