Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.12. 2018                                 NIFTY SPOT : 10876.75

                                                                                                         

Hi readers,

Nifty's move was run through and was good one.

We were expecting this run through move in last week.

But Nifty is one week late for us.

Now What :-

Nifty has given breakouts.

And Nifty has done that in style with gaps.

Now for the mean till Nifty is above 10608 the texture is buy on dips.

Thus wait for dips to buy Nifty and in coming days Nifty can see further upside after consolidation.

For information to readers Nifty has again made Island reversal pattern and this time on Daily charts. Above 10776.

And readers would be remembering that I mentioned in my previous blogs that Nifty had made Island reversal pattern on hourly charts above 10388.

Island reversal pattern is strong pattern and Nifty has to spend time below 10712 for the pattern to fail.

Please Note spend time below 10712.

Thus till that does not happen Nifty is buy on dips with major level at 10608.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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