STOCK MARKET VIEW BY SACHIN AGGARWAL : July 2019

Sunday 28 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.07. 2019 NIFTY SPOT : 11284.30

Hi readers,

Nifty came down as was mentioned in my previous blog Dated July 21, 2019. It was mentioned that 11200 to 11250 are in sight for the week.

Nifty made a low of 11210 and closed at 11284.30

However readers would have booked profits at 11346 as per my during the market blog on July 22, 2019 because as I always believe that "Profit Woh Hai joh Ghar Aa Gaya" more than 300 points profit in short time.

Readers would have enjoyed the profits.

Remember that Greed and fear are the major enemies of any trader.

Now What :-

Short term charts are in oversold territory and crying for rebound.

But always it is not necessary that rebound should come.

When Shorter term charts are in such oversold zone rebound can come any time.

On the upside 11432 is important level to cross.

Over all, Nifty's charts are indicating that below 11000 levels may be on the cards.

The ADX indicator is also at 28.13 and sloping upwards, Nifty is trading below 200 DMA Exponential.

Considering the above, it is expected that in the coming week volatile movements are expected. Range for the week is expected to be 11432 to 11141.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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Monday 22 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.07. 2019 NIFTY SPOT : 11346.50

Hi readers,

Nifty made a low of 11301 and now it is 11346.

When more and more profits come in small time there is no harm booking full profits and enjoy. Thus book full profits at 11346.50

As I always say "Profit Woh Hi Joh Ghar Aa Gaya"

No body looses when he books profits.

This blog is updated during market hours at 10.35 am.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 21 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.07. 2019 NIFTY SPOT : 11419.25

Hi readers,

As mentioned in my blog dated July 14, 2019 Nifty went up due to short covering but did not cross our level of 11710 which was very hard level for Nifty to break . It was mentioned to sell Nifty on rise till 11710.

Nifty made a high of 11706 and then fell hard and made a low of 11399 and closed at 11419.25.

Nifty hit our target of 11400 for the week.

It was mentioned that Nifty is making bearish flag pattern and the target for that are 11350 to 11400.

Also it was mentioned that range for Nifty for previous week is 11400 to 11710.

Nifty fulfilled everything word by word.

Nifty made a low of 11399 and a high of 11706.

Readers would have enjoyed the fall in Nifty.

it was also mentioned on July 19 in my during the market hrs. blog to book part profit at 11516 and keep the balance short position intact for lower targets.

Now What :-

Book some more profits i.e. second part profit here at 11419 and let the balance short position stay intact.

Charts are indicating that more lower targets are in the offering.

For the coming week 11200 to 11250 targets are insight.

It looks that 11350 support may not hold.

Further just keep 11548 on the upside in your mind if Nifty closes above that it will be first indication that bulls might want to fight and are not giving up easily. In that case book full profits in short positions and step aside.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Friday 19 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 14.07. 2019 NIFTY SPOT : 11516

Hi readers,

As mentioned Here comes the fall.

It was mentioned that Nifty will give short covering bounce and Sell Nifty on rise till is below 11710.

Look again Nifty has given respect to technical levels.

Nifty gave a bounce upto 11706 and then fell hard. Now it is 11516 after making a low of 11503.

Book part profits from short positions and keep holding the balance short positions for lower levels.

This blog is updated during market time at around 10.35 am.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 14 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 14.07. 2019 NIFTY SPOT : 11552.50

Hi readers,

Last week readers would have booked profits at optimum time at 11468 when Nifty was at lowest Nifty made a low of 11461 and closed the week at 11552.

This is where the technical analysis helps you to be with the trend and enter at exit at optimum time.

Now What :-

Now in the coming week till Nifty is closing below 11710 the immediate trend is down.

Till then the trend is sell on every rise.

As per charts Nifty is making bearish flag pattern on daily and hourly charts, target for the same are around 11350. At around 11350 to 11400 strong support area is there which can provide rebound.

In the coming week both up and down movements are expected and one sharp up move one day is also expected. Coming week is expected to be volatile and bought of short covering which has not come in the last week is expected some day in coming week.

The overall trend is negative but in coming week the overall range is expected to be around 11400 to 11710.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Tuesday 9 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 09.07. 2019 NIFTY SPOT : 11468

Hi readers,

Once book full profits.

Around 400 points profits.

And enjoy

"Profit Voh Hai Joh Ghar Aa Gaya"

Although My overall view still stands.

Blog is updated during market time at 10.37 am.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday 7 July 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 07.07. 2019 NIFTY SPOT : 11811.15

Hi readers,

In spite of Budget week with full of volatility Nifty respected our levels. Nifty made a high of 11981on Budget day but closed at 11811.

Remember that our stop loss level was 11957 closing basis.

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.

When Nifty is respecting our levels then there is no reason why we should change our view. Technical indicators are still in our favour and supporting the view of keeping the short positions intact.

Nifty has also made shooting star pattern on weekly charts. Any gap down in the coming week will be more beneficial for short position holders.

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.