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.

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