Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.12. 2019                                 NIFTY SPOT : 12271.80

                                                                                                         

Hi readers,

Nifty moved up as was mentioned in my previous blog.

Nifty went up and made new highs.

It was mentioned to buy on dips and Nifty gave the dip on Monday and then moved up.

See, In technical analysis those two back to back gaps in the continuation up move are always to be trusted upon.

Now What :-

Now for the coming week I would book out the long positions and step aside and watch.

Because the coming week is expected to be volatile one.

Nifty has also made doji pattern on daily charts near the important resistance.

I would like to see how Nifty behaves at this crucial resistance of 12292 to 12343.

Trade Accordingly.

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

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