Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.12. 2019                                 NIFTY SPOT : 12086.70

                                                                                                         

Hi readers,

Nifty moved up and closed above our level of 12058.

Thus giving an exit to the part short positions as the trailing Stop loss level of 12058 is crossed to close the trade.

The trade is exited at par.

Readers would have been short at around this level only and also the part position was already booked. Even when we were getting more than 200 points profit when Nifty made a low of 11832 we kept holding the short positions because more profit was expected. But Nifty moved up, thanks to the news of US and China Trade deal.

Now What :-

Now Nifty has given two back to back gaps which is good sign for Nifty.

Back to back gaps are very good in continuation of move up.

Now 11922 on lower side will act as good support.

The range for the coming week is expected to be 11968 to 12244.

For the coming week the idea is to look for buy on dips with a small stop loss for small moves.

Trade Accordingly.

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

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