STOCK MARKET VIEW BY SACHIN AGGARWAL : November 2019

Sunday 24 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.11. 2019 NIFTY SPOT : 11914.40

Hi readers,

Nifty stayed in the range and closed at 11914.

Virtually going nowhere.

Thus sitting on sidelines was good idea.

Now What :-

Nifty has made 3 back to back Doji's on weekly charts.

Three doji on Nifty weekly chart is not easy, it showed that Nifty is in tight range for 3 weeks.

Still the view is same.

As Nifty is in range and not touching our lower end of the range i.e. 11700 to 11750. More vulnerable it is becoming. The coming week is important week.

Nifty has made double top pattern on hourly charts. Thus it should be biased bearish. Thus in such scenario, we cannot be a buyer.

Till the time double top pattern is intact lower levels are expected.

Above 12026 closing basis. Nifty may gain strength and in that case 11884 will become important support level.

Trade Accordingly.

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

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Tuesday 19 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.11. 2019 NIFTY SPOT : 11940.10

Hi readers,

Nifty came down and made a low of 11802 and after that moved up.

If it would have touched 11700 to 11750 levels we would have gone to buy the same as was mentioned in my previous blog.

Now What :-

Since Nifty is hovering within the range and not coming on the lower end even.

Thus it is always better to stay on sidelines.

Expect Nifty to be in a range.

Any gap up or gap down in current scenario will be important or deciding the movement of the trade.

Trade Accordingly.

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

Sunday 17 November 2019

Hi Readers,

Sir is out of town.
Blog will be updated on Tuesday evening i.e. Nov. 19, 2019.

Sunday 10 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.11. 2019 NIFTY SPOT : 11908.15

Hi readers,

Nifty has stalled at around 12000 levels which was mentioned in my previous blog dated 03/11/2019.

It was clearly mentioned that short term charts are indicating that Nifty is not willing to go up run through and it is expected to stall here.

That was why we booked profits from long positions there.

Same happened. Nifty stalled and closed at 11908.

Now What :-

Now for the Coming week till Nifty is below 11994. Fresh buying should be avoided.

On lower side around 11700 levels Nifty may find support.

The level of 11870 closing basis is important for Nifty. If Nifty breaks it latest by tomorrow or day after then the level of 11700 - 11750 can be in sight.

Considering the overall range to be between 11690 to 11990 for the week.

It is recommended to stay light on Nifty and play with small positions.

Because, till now the overall trend is up or rather buy on dips.

Nifty can come further down in coming week, but it may remain the part of healthy correction.

Trade Accordingly.

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

Sunday 3 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.11. 2019 NIFTY SPOT : 11890.60

Hi readers,

Nifty moved up and made full body green candle as was mentioned in my previous blog dated Oct. 28, 2019.

It was clearly mentioned that I expect Nifty to continue the up move and make full body green candle.

And above 11682 keep buying and look for only buying opportunities.

Same happened.

This is where the technical analysis helps.

Now What :-

Nifty has made a high of 11945 and closed at 11890.

Now the idea is to book full profits here and step aside for once.

Because looking at the medium and long term charts, the up move from here should be run through non stop.

But the short term charts are showing, that, run through non stop move might or might not be looked for.

If the situation would have been vice versa i.e. Short term charts showed run through move

and long to medium term charts would have been in dilemma, I would have comfortably mentioned to keep holding the long positions intact.

But the experience and prudence says, when ever such situation happens book profits and bring money home.

As I always say "Profit Woh hai joh Ghar Aa Gaya"

Baki sab Kahania Hai

Thus book profits and step aside.

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.