Nifty Blog by CA. Sachin Aggarwal

Dated :- 30.12. 2018                                 NIFTY SPOT : 10859.90

                                                                                                         

Hi readers,

Nifty rebounded from 10534 (intraday low) exactly from the level mentioned in my previous blog. Our level was 10554 closing basis.

Nifty closed below 10728 and then moved down as was expected because below 10728 more lower levels were expected.

But it was also expected and mentioned that till Nifty is above 10554 closing basis it will keep on giving rebounds, Same happened.

Now What :-

Now the view is same, Nifty is in a buy zone.

More higher levels are expected in coming weeks.

Interesting thing in Nifty was that any gap down would have been bearish and look what Nifty has done it gave Gap up which is a further confirmation that it wants to go up.

Keep holding long positions and keep buying on dips for higher levels in weeks to come.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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