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.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly     --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------