Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.12. 2019                                 NIFTY SPOT : 12245.80

                                                                                                         

Hi readers,

Nifty made a high of 12287 it faced resistance at 12292 as was mentioned and also made a low of 12118 then again bounced back to close at 12245. still well below resistance level of 12292.

Now What :-

View is still the same.

This 12292 to 12343 resistance is a strong resistance and till Nifty either does not go pass it or spend time here. The idea will remain to stay on sidelines.

Rather in coming week close below 12166. High Risk traders or Professional traders can look for small selling opportunities with stop loss of 12198 intraday basis. Only 32 point stop loss that too on intraday basis and if the trade starts giving fruits then can carry half positions home with same stop loss.

Enjoy the New year Celebrations.

Trade Accordingly.

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

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