STOCK MARKET VIEW BY SACHIN AGGARWAL : August 2019

Monday, 26 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 26.08. 2019 NIFTY SPOT : 11794

Hi readers,

Nifty opened up at 11000 and went down to make a low of 10756.

At open it gave clear opportunity to sell as was mentioned in my yesterday's blog.

At present 10794.

Book profits and step aside.

Volatility will be high as Vix has also increased.

Trade accordingly.

Time of updating blog 10.15

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

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Sunday, 25 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.08. 2019 NIFTY SPOT : 11829.35

Hi readers,

Nifty was went up and then went down.

The only way to play it was the pattern showed in the chart attached in my last blog.

Whosoever played that range of lines would be enjoying the profits.

He would have been able to play on both sides and the down side was good and decent.

Now What :-

Now in the coming week also the views is same sell on rise.

On the upside 11103 remains a tight hurdle for Nifty to cross.

The texture of Nifty is week.

I am again saying that this is not the level to look for bottoms.

More pain is expected in weeks and months ahead.

For the coming week keep using the strategy of sell on rise.

Since the news flow is high I would not like to write about levels for the week because the volatility will be high.

Trade accordingly.

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

Sunday, 18 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.08. 2019 NIFTY SPOT : 11047.8

Hi readers,

Nifty was volatile in the previous week as was expected.

Now What:-

In the coming week as per the charts attached Nifty is in range between 10940 to 11084.

Above and below these some more points move on that side is expected.

Nifty has also made a 2 insider day bar pattern on daily charts. Which indicates that 100 - 150 points move is expected in next few days probably in next two three days.

Trade accordingly.

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

Monday, 12 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.08. 2019 NIFTY SPOT : 11109.60

Hi readers,

First of all "Happy Independence Day" in Advance

Ultimately Nifty gave a rebound which was awaited by charts as they were deeply oversold.

Nifty made a high of 11181 and closed at 11109 on news that Govt. might give some relaxation on FPI taxation issue.

Now What:-

Since the news are floating around and also this week is truncated week due to today's holiday and August 15th holiday.

Only three working days week.

Volatile moves are expected.

Thus it is always better to stay aside in these news flow and truncated week environment.

Just stay in Holiday mood and enjoy the Independence day with full dedication and involvement.

Trade accordingly.

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

Sunday, 4 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.08. 2019 NIFTY SPOT : 10997.30

Hi readers,

Nifty came down as expected.

Nifty is in hurry to reach the targets.

It was mentioned that below 11000 levels are expected. And Nifty made a low of 10848.95 and then closed at 10997.

It was mentioned that although short term charts are oversold it is not necessary that rebound will come.

As ADX was sloping upwards and the indicators were saying that they want more downside.

For information to readers ADX is the indicator which is used for analyzing trending markets. Till the time is keep sloping up and rising the trend will remain intact. Thus in current case the fall kept coming.

Now What:-

See big candles on downside are important that too when they come below 200 DMA levels and they open more downside.

The overall trend is sell on all rallies.

This is not at all the time and level to look for bottoms formation which some people might be thinking of.

In coming week we also have RBI credit policy.

So volatile moves are expected and time to time rallies are possible but they will be utilized to sell. As the texture is sell on rallies.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of 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.