Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.02. 2019                                 NIFTY SPOT : 10791.65

                                                                                                         

Hi readers,

Nifty gave a of more than 200 points from the low of 10585.

This is what I wanted to see in Nifty to come.

As it was mentioned that I would like to see Nifty rebound and to what extent it rebounds is important for me.

Now What :-

Rebound in Nifty is heartening.

Now since the rebound is more than 200 points the indicators on smaller time frame charts are about to turn positive.

And once they are about to turn positive we have to look for positive moves in Nifty. I would look for buying possibilities in Nifty in the coming week and if any small dip comes than it would be further more comfortable.

But Since all the trades has to be with some rider as the view should be held till Nifty stays above a particular level.

Thus till Nifty is closing above 10703 I would stay with this view.

The coming week is also expiry week which can have its own impact on Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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