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.

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