STOCK MARKET VIEW BY SACHIN AGGARWAL : October 2019

Monday, 28 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.10. 2019 NIFTY SPOT : 11627.15

Hi readers,

Nifty consolidated as was and mentioned in my previous blog Dated 21.10.2019.

It was making up and down movements and closed at 11627.

Now What :-

Nifty has made doji on weekly charts.

In the coming week after good consolidation of 6 days we expect Nifty to give one side movement.

There is high probability, that, in the coming week, candle can be full body candle. Either Red or Green.

Now how to play that movement.

Above 11682 look for buying opportunities in Nifty and look for higher targets.

And below 11578 look for selling opportunities in Nifty.

As of today I expect and want Nifty to continue upside movement and make green candle. But stay below 11578 may spoil the long party.

Trade Accordingly.

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

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Monday, 21 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.10. 2019 NIFTY SPOT : 11661.80

Hi readers,

Nifty went up and up as was mentioned in my previous blog dated 13.10.2019.

Good profits in small time.

Hope readers would have enjoyed the same.

Now What :-

As I mentioned in my previous blog dated 18.10.2019 (Friday) in morning at 9.37 am that book partial profits at 11616 and trail the balance long position.

Nifty closed at 11661.80.

Now at 11661 it is always better to book full profits here for once and step aside.

And let Nifty consolidate and decide its further course.

Trade Accordingly.

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

Sunday, 20 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.10. 2019

Hi readers,

Nifty blog will be updated tomorrow evening.

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

Friday, 18 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.10. 2019 NIFTY SPOT : 11616

Hi readers,

Kudos again.

Nifty went up like anything

When people were reluctant to buy rather they were short.

We clearly mentioned to buy in our previous blog dated Oct. 13,2019 when Nifty was at 11305. It was clearly mentioned not to short at all. Rather go and buy.

Now see today with 5 days Nifty is at 11616. Profits in no time.

This is why we always say charts make first news comes later.

Now every body has become bullish but it is all timing which is required.

This is the power of technical analysis

This is all GOD's Grace.

Now book part profit here and trail the balance long position with the trailing stop loss of 11490 closing basis.

Blog is updated during market time at 9.37 am.

Trade Accordingly.

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

Sunday, 13 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 13.10. 2019 NIFTY SPOT : 11305.05

Hi readers,

In the previous week Nifty fell down and made a low of 11112 but on third working day it rose up and closed at 113313.

Thus readers would have book full profits from their short positions and stepped aside.

Now What :-

Nifty has done interesting thing.

That is, it has taken support exactly at fibonacci retracement levels.

And it is also making flag pattern after double bottom formation.

It has also tested the double bottom breakout point which is at around 11140 levels closing basis.

Charts reading and analysis say that never go short when Nifty does the above combination.

That is double bottom, Fibonacci and Flag after Double bottom.

Charts of Nifty is placed in such a manner that now till the level of 11140 holds on closing basis. One should not go short.

These kinds of combinations are not broken by normal movements. Only a big unexpected news can do that. And no body can predict any big news. Thus always stay with charts.

Now Rather I will look for buying possibilities.

Trade Accordingly.

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

Saturday, 12 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.10. 2019 NIFTY SPOT : 11305.05

Hi readers,

With the blessings of Maa Bhagwati and your good wishes

I have started my You Tube Channel.

Name of the channel is "STOCK MARKETS SIMPLIFIED"

Link for the channel is :- https://youtu.be/38hvqOjx6Gk

This Blog will remain as it is and will be updated like ever before. Next blog will be updated tomorrow as usual.

Please subscribe and like the You Tube Channel.

Will be updating Technical Analysis, Derivatives, Study Videos for Stock Markets and Markets update videos regularly.

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

Sunday, 6 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 06.10. 2019 NIFTY SPOT : 11174

Hi readers,

Nifty fell down the way mentioned in my previous blog dated 30.09.2019.

It was mentioned that if any gap down comes go and short. And I will be more comfortable in shorting Nifty if it stays below 11594.

Also if there is any gap up we will nullify short trade.

But on gap down we will be shorting Nifty.

On 30th September i.e. on Monday Nifty gave gap down open and thus gave clear short trade.

And it kept falling down.

This is the power of technical analysis. We expected gap down opening for Nifty to give trade on the downside.

Clear indication helps taking the trade with confidence.

Nifty rewarded, it kept falling down and made a low of 11158 and closed at 11174.

Hope readers would be enjoying profits and Navratri Festival both.

Now What :-

Keep holding the short position with the trailing stop loss of 11282 closing basis.

And if in next 3 trading days Nifty does not close 11097 then I will look for booking full profits and step aside. Because around 11097 levels Nifty might find ways to rebound.

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.