Nifty Blog by CA. Sachin Aggarwal

Dated :- 13.01. 2019                                 NIFTY SPOT : 10794.90

                                                                                                         

Hi readers,

HAPPY LOHRI & MAKAR SAKRANTI TO ALL.

Nifty moved in a small range for the week and the strategy to stay away proved to be good.

Nifty made a very small candle with a range of only 137 points for the week on weekly charts. It is called Narrow Range pattern.

Simultaneously it is making Symmetrical Triangle pattern on Daily and Hourly charts.

Further reading the patterns with indicators Nifty is expected to a move on either side & It is expected from Nifty to make a full body candle in coming week.

For upside keep the level of 10834 in mind above which one should look for only buying possibilities again and again.

And below 10748 look for selling possibilities again and again.

Personally I would like Nifty to move up, but will wait for Nifty to spend time above 10834 level.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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