STOCK MARKET VIEW BY SACHIN AGGARWAL : June 2019

Sunday 30 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 30.06. 2019 NIFTY SPOT : 11788.85

Hi readers,

Nifty went up during the week and made a high of 11911 and then fell to make a low of 11775 and closed at 11788.

This was more or less expected with this kind of volatility.

That was why we did not changed our stop loss.

Now What:-

View is same.

Keep holding the balance short positions with the predefined stop loss of 11957 closing basis and keep holding short positions.

Just to inform the readers that the coming week is also the Budget Week, where the Union Budget will be on July 05, 2019, volatility will be high.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday 23 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 23.06. 2019 NIFTY SPOT : 11724.10

Hi readers,

Nifty fell in the previous week and made a low of 11625 three days continuously in a row.

Booking part profits was always good idea at 11662 as per my previous blog dated June 20, 2019

I hope readers would be enjoying it.

Just for record purposes readers are short in Nifty from 11823 levels i.e. when Nifty closed below 11826.

Now What :-

Keep holding the balance short positions with the original stop loss of 11957.

I wanted to trail the stop loss shorter but due to volatility decided to keep it as it is. Will trail I accordingly as and when indication for trailing stop loss comes.

Now with booking part positions the stop loss is free and the trade will be in profits always.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Thursday 20 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.06. 2019 NIFTY SPOT : 11662

Hi readers,

Nifty made a low of 11635 Down 4th day in a row.

It is obvious to book part profits here and keep the balance position.

Profit Woh hai Joh Ghar Aa GAya.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 16 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 16.06. 2019 NIFTY SPOT : 11823.30

Hi readers,

Nifty moved as was expected and closed below 11826 at 11823.30.

It exactly closed at the point where it was mentioned in my previous blog to go short. It was mentioned that close below 11826 go short.

I hope readers should have been short.

Now What :-

Keep holding the short positions.

Initially let us keep the stop loss of 11957 closing basis will trail it further accordingly.

Looks bit wider but there is a reason for that, i.e. It is next two days where Nifty can try to ditch for once. However I expect the Nifty to move down.

Rewards for short positions in these two days are more important because crucial days on many parameters are always important. Breakdown in those days are more important breakdown than other normal breakdowns.

Thus keep short positions with the stop loss of 11957 closing basis.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Monday 10 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 10.06. 2019 NIFTY SPOT : 11922.70

Hi readers,

I was out of town and could not update the blog yesterday.

My emphasis is aging on my previous blog dated June 06, 2019 to Exit all longs positions and take care of your Mutual Fund Investments.

I expect deep fall in Nifty and N.A.V. of Mutual funds in days and months ahead. Those who will remain stuck with the positions might face deep cuts in their investments.

My view will not change till my charts does not change.

For timing the market on the down side Look for Selling possibilities on every weakness. Nifty close below 11826 will be one of the indication.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Hi Readers,

Sir is travelling and thus the blog will be updated tonight.

Thursday 6 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 06.06. 2019 NIFTY SPOT : 11864.25

Hi readers,

I am updating my blog during the market time.

After exiting all my long positions that too in profits.

I want to inform my readers that my learning about charts is showing that One should exit all his long positions from markets.

We at this point has no long position and the time and months ahead may be bad for markets may be very bad for markets.

Now from here on we will not be long in Nifty and not be interested in making any long positions in market other than intraday.

Idea is to exit exit and exit.

Also This time my analysis is that Mutual funds Industry will also face severe Dip in N.A.V.s thus when Nifty is almost at highest exit and withdrawing money from mutual funds is the best thing any person can do.

"For me writing is on the wall but it is only the time will tell."

Further I has to be decided by you only.

It is market any body can go wrong.

I am known for making bold predictions about market till now GOD has helped me prove write. May GOD bless this time also.

" But please remember decision is always yours."

I request you to take care of all your long positions and mutual fund investments.

Blog is updated during market time at 2:57 pm.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 2 June 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.06. 2019 NIFTY SPOT : 11918.25

Hi readers,

Nifty moved up as expected and mentioned in my previous blog dated May 26, 2019.

As was mentioned that above 11881 Nifty will be more bullish, Same happened and It made a life time high of 12039 and then closed at 11918.25. Hope readers would have enjoyed the move and booked some part profits there.

Now What :-

After the flash crash which lasted for merely 1 minutes on Friday, it might be due to any reason. But technically they are very important signals.

It clearly indicates that we are not going to stay here and move on one side is imminent from here that too in not much time.

For our long positions we need to be cautious and not allow the profits to be eaten up from here.

Thus keep a tighter trailing stop loss of 11838 closing basis. I wanted to give the trailing stop loss of 11881 but that looked to be much tighter trailing stop loss this time.

As a trade management to stay in profit, book the half profits here and trail the balance position with the above mentioned trailing stop loss.

Why I am saying to keep tighter stop loss When the charts are clear and majority should be bullish and difficult to find shorting possibilities even at that time if flash crash comes and Nifty is halting, it is wiser to keep trailing stop losses tighter.

Another thing I would like to highlight is that chart says that in June 2019 we will have full body candle either green or Red. Thus move in June 2019 will be big on either side.

Trade accordingly.

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.