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.

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