STOCK MARKET VIEW BY SACHIN AGGARWAL : May 2019

Sunday 26 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 26.05. 2019 NIFTY SPOT : 11844.10

Hi readers,

Nifty went up dancing on the tune of Exit polls and BJP winning the Lok Sabha Elections with thumping majority.

Nifty made a high of 12041 and due to expected volatility closed at 11844.10.

Now What :-

The texture of Nifty is buy on dips.

Keep buying Nifty on every dip for further higher targets.

Nifty is making inverted Head and shoulder pattern on daily charts pending breakout of which is above 11881 which is bullish.

Also it has made two bearish Harami Candles back to back together with two big red candles Combined with Bullish Island reversal pattern. Even after all this still remaining Bullish is good sign.

Taking all together it indicates the bullishness.

Keep buying on dips.

Further I would like to add that Bank Nifty is more bullish. It has given the breakout of Inverted Head & Shoulder pattern ahead of Nifty.

Keep an eye on Bank Nifty it should act as leader.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 19 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.05. 2019 NIFTY SPOT : 11407

Hi readers,

Nifty ultimately rebounded and as soon as it crossed our level of 11318 it further went up and made a high of 11426 and closed at 11407.

I hope readers would have enjoyed the profits.

Now What :-

Now book full profits and step aside.

The coming week is Election result week, where the results will be declared on 23rd May.

The coming week will be volatile and fully depend upon the election results.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 12 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.05. 2019 NIFTY SPOT : 11278.90

Hi readers,

As expected Nifty fell down in previous week and fell hard and made a low of 11255 and closed at 10278.

We book early profits from short positions as I believe that profit who hai joh ghar aa gaya. Greed some times can be negative specially in these kind of volatile scenarios.

During the election results the movement remains volatile.

Thus it is always preferable to book full profits timely.

Now What :-

No as this is the last trading week before the exit polls of election.

It will be full of volatility and my view is that I will not be a further seller for the coming week.

Rather I would be happy to look for buying possibilities on sharp rebounds. Above 11318 we would look for buying possibilities with small stop losses that too intraday, again and again in the coming week.

But would not like to further short sell.

The strategy for the week is not to look for shorting as we are oversold and rebound can come any time.

Look for rebound above 11318 with small stop loss and for small targets again and again.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Tuesday 7 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 07.05. 2019 NIFTY SPOT : 11501

Hi readers,

I am updating this blog during the markets at 3.08 p.m.

Nifty fell down as was mentioned in my previous blog yesterday.

It was mentioned to short sell Nifty.

Now it is 11501 book full profits and step aside.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Monday 6 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 06.05. 2019 NIFTY SPOT : 11712.25

Hi readers,

I am updating this blog before the markets open.

Because Mr. Trump (U.S. President) has made all the Global markets to bleed. Giving dent to Trade talks with China and this time the impact can be on India also. Where Hang Seng is Down more than 1000 points.

Thus Close all the long positions at open itself and step aside.

Rather for professional traders there is a possible opportunity for going Short on Nifty.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 5 May 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 05.05. 2019 NIFTY SPOT : 11712.25

Hi readers,

Nifty is moving as expected and mentioned in my previous blog.

View is still the same, Till it is closing above 11612 it is buying on dips.

Keep holding the balance(part) long positions with 11612 as stop loss closing basis.

Note - ALL THE LEVELS ARE OF NIFTY 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.