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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