Nifty Blog by CA. Sachin Aggarwal

Dated :- 10.03. 2019                                 NIFTY SPOT : 11035.40

                                                                                                         

Hi readers,

Nifty moved up with style and made a high of 11089 and closed at 11035.

We remained on sidelines as was mentioned in previous weeks blog to remain on side lines in case of upside movement.

Nifty gave the opportunity for professional traders to buy and get some points during the day, but that was only for professional traders.

Now What :-

Now Since the confidence level is still missing in participating in the Nifty's rally for taking any positional view.

We still maintain to remain stepping aside as of now and keep remaining on sidelines.

We would like to see the coming weeks move also for forming any view.

Because on smaller time frame charts the indicators have moved to  overbought zones. Thus we do not want to buy immediately and below 10968 Nifty might start losing its strenght.

Thus just stay on sidelines.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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