STOCK MARKET VIEW BY SACHIN AGGARWAL : 2019

Sunday, 29 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.12. 2019 NIFTY SPOT : 12245.80

Hi readers,

Nifty made a high of 12287 it faced resistance at 12292 as was mentioned and also made a low of 12118 then again bounced back to close at 12245. still well below resistance level of 12292.

Now What :-

View is still the same.

This 12292 to 12343 resistance is a strong resistance and till Nifty either does not go pass it or spend time here. The idea will remain to stay on sidelines.

Rather in coming week close below 12166. High Risk traders or Professional traders can look for small selling opportunities with stop loss of 12198 intraday basis. Only 32 point stop loss that too on intraday basis and if the trade starts giving fruits then can carry half positions home with same stop loss.

Enjoy the New year Celebrations.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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Sunday, 22 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.12. 2019 NIFTY SPOT : 12271.80

Hi readers,

Nifty moved up as was mentioned in my previous blog.

Nifty went up and made new highs.

It was mentioned to buy on dips and Nifty gave the dip on Monday and then moved up.

See, In technical analysis those two back to back gaps in the continuation up move are always to be trusted upon.

Now What :-

Now for the coming week I would book out the long positions and step aside and watch.

Because the coming week is expected to be volatile one.

Nifty has also made doji pattern on daily charts near the important resistance.

I would like to see how Nifty behaves at this crucial resistance of 12292 to 12343.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 15 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.12. 2019 NIFTY SPOT : 12086.70

Hi readers,

Nifty moved up and closed above our level of 12058.

Thus giving an exit to the part short positions as the trailing Stop loss level of 12058 is crossed to close the trade.

The trade is exited at par.

Readers would have been short at around this level only and also the part position was already booked. Even when we were getting more than 200 points profit when Nifty made a low of 11832 we kept holding the short positions because more profit was expected. But Nifty moved up, thanks to the news of US and China Trade deal.

Now What :-

Now Nifty has given two back to back gaps which is good sign for Nifty.

Back to back gaps are very good in continuation of move up.

Now 11922 on lower side will act as good support.

The range for the coming week is expected to be 11968 to 12244.

For the coming week the idea is to look for buy on dips with a small stop loss for small moves.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 8 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.12. 2019 NIFTY SPOT : 11921.50

Hi readers,

Nifty came down as expected.

Monetary policy by RBI created some volatility but did not closed above 12058.

But ultimately it came down.

Now What :-

Keep holding the short position with the trailing stop loss of 12058 closing basis.

Which is below cost so that the trade is free.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Tuesday, 3 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.12. 2019 NIFTY SPOT : 11994.20

Hi readers,

Nifty has started coming down within our two days time as was mentioned in my previous blog dated Dec. 01, 2019.

As mentioned in my previous, that, the strategy was to go short for first two days and wait for nifty to come down.

Now today Nifty has come down more than 100 points from the open of Monday. Giving the lucrative opportunity to readers to short Nifty.

Readers would be enjoying the fall in Nifty within the time of two days.

Now What :-

Now keep holding the short position in Nifty.

As was mentioned that down move should be run through i.e without wasting time.

Thus keep the tight trailing stop loss of 12058 closing basis which is below cost. Thus the trade is free and the risk is virtually nil. As the trailing stop loss is below cost.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 1 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 01.12. 2019 NIFTY SPOT : 12056.05

Hi readers,

Nifty moved above 12026 and gained strength to make a high of 12158.

But could not capitalize on the gains and gave up the gains after making handing man pattern on daily charts.

Now What :-

Since Nifty could not maintain strength which shows that the texture of Nifty is at risk.

Nifty is at very crucial level.

Which shows that 200 points plus move is expected in nifty on either side (may be on both sides) which is tradable also.

Close Below 12003 Nifty spot, Nifty is weak.

Also, any down move if any has to come it shall be run through.

Thus in that case 12114 on the up side will be a important resistance.

And since Nifty is at crucial point if it does not come down run through then in that case positive surprise is not ruled out.

Thus the strategy is to be bearish in first one - two days and wait for it to come down and if it does not come down then do not short, either step aside or look for buying in that case.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 24 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.11. 2019 NIFTY SPOT : 11914.40

Hi readers,

Nifty stayed in the range and closed at 11914.

Virtually going nowhere.

Thus sitting on sidelines was good idea.

Now What :-

Nifty has made 3 back to back Doji's on weekly charts.

Three doji on Nifty weekly chart is not easy, it showed that Nifty is in tight range for 3 weeks.

Still the view is same.

As Nifty is in range and not touching our lower end of the range i.e. 11700 to 11750. More vulnerable it is becoming. The coming week is important week.

Nifty has made double top pattern on hourly charts. Thus it should be biased bearish. Thus in such scenario, we cannot be a buyer.

Till the time double top pattern is intact lower levels are expected.

Above 12026 closing basis. Nifty may gain strength and in that case 11884 will become important support level.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Tuesday, 19 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.11. 2019 NIFTY SPOT : 11940.10

Hi readers,

Nifty came down and made a low of 11802 and after that moved up.

If it would have touched 11700 to 11750 levels we would have gone to buy the same as was mentioned in my previous blog.

Now What :-

Since Nifty is hovering within the range and not coming on the lower end even.

Thus it is always better to stay on sidelines.

Expect Nifty to be in a range.

Any gap up or gap down in current scenario will be important or deciding the movement of the trade.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 17 November 2019

Hi Readers,

Sir is out of town.
Blog will be updated on Tuesday evening i.e. Nov. 19, 2019.

Sunday, 10 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.11. 2019 NIFTY SPOT : 11908.15

Hi readers,

Nifty has stalled at around 12000 levels which was mentioned in my previous blog dated 03/11/2019.

It was clearly mentioned that short term charts are indicating that Nifty is not willing to go up run through and it is expected to stall here.

That was why we booked profits from long positions there.

Same happened. Nifty stalled and closed at 11908.

Now What :-

Now for the Coming week till Nifty is below 11994. Fresh buying should be avoided.

On lower side around 11700 levels Nifty may find support.

The level of 11870 closing basis is important for Nifty. If Nifty breaks it latest by tomorrow or day after then the level of 11700 - 11750 can be in sight.

Considering the overall range to be between 11690 to 11990 for the week.

It is recommended to stay light on Nifty and play with small positions.

Because, till now the overall trend is up or rather buy on dips.

Nifty can come further down in coming week, but it may remain the part of healthy correction.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 3 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.11. 2019 NIFTY SPOT : 11890.60

Hi readers,

Nifty moved up and made full body green candle as was mentioned in my previous blog dated Oct. 28, 2019.

It was clearly mentioned that I expect Nifty to continue the up move and make full body green candle.

And above 11682 keep buying and look for only buying opportunities.

Same happened.

This is where the technical analysis helps.

Now What :-

Nifty has made a high of 11945 and closed at 11890.

Now the idea is to book full profits here and step aside for once.

Because looking at the medium and long term charts, the up move from here should be run through non stop.

But the short term charts are showing, that, run through non stop move might or might not be looked for.

If the situation would have been vice versa i.e. Short term charts showed run through move

and long to medium term charts would have been in dilemma, I would have comfortably mentioned to keep holding the long positions intact.

But the experience and prudence says, when ever such situation happens book profits and bring money home.

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

Baki sab Kahania Hai

Thus book profits and step aside.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Monday, 28 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.10. 2019 NIFTY SPOT : 11627.15

Hi readers,

Nifty consolidated as was and mentioned in my previous blog Dated 21.10.2019.

It was making up and down movements and closed at 11627.

Now What :-

Nifty has made doji on weekly charts.

In the coming week after good consolidation of 6 days we expect Nifty to give one side movement.

There is high probability, that, in the coming week, candle can be full body candle. Either Red or Green.

Now how to play that movement.

Above 11682 look for buying opportunities in Nifty and look for higher targets.

And below 11578 look for selling opportunities in Nifty.

As of today I expect and want Nifty to continue upside movement and make green candle. But stay below 11578 may spoil the long party.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Monday, 21 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.10. 2019 NIFTY SPOT : 11661.80

Hi readers,

Nifty went up and up as was mentioned in my previous blog dated 13.10.2019.

Good profits in small time.

Hope readers would have enjoyed the same.

Now What :-

As I mentioned in my previous blog dated 18.10.2019 (Friday) in morning at 9.37 am that book partial profits at 11616 and trail the balance long position.

Nifty closed at 11661.80.

Now at 11661 it is always better to book full profits here for once and step aside.

And let Nifty consolidate and decide its further course.

Trade Accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 20 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.10. 2019

Hi readers,

Nifty blog will be updated tomorrow evening.

Note - ALL THE LEVELS OF NIFTY ARE of 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.