Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 27.12. 2020                                 NIFTY SPOT : 13749.25

                                                                                                         

Hi Readers

 

Nifty came down on Monday as the RSI was above 81 and the fall was relentless and in single day nifty made a low of 13131 and then bounced back giving a V shaped recovery to close at 13749.

 

Now What :-

Nifty has made a hanging man Pattern on weekly charts.

 

The rebound in Nifty is sharp and now the level of 13560 will act as support for Nifty.

I believe that the Bank Nifty must also support Nifty else the rebound, Nifty has shown might be in danger.

In the coming week till Nifty is above 13560 it has strength and the texture is buy on dips. Since the level is far from here thus one might wait for dip to look for opportunity. But below 13560 close Nifty will be weak and in that scenario one can look for selling possibilities.

 

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 20.12. 2020                                 NIFTY SPOT : 13760

                                                                                                         

Hi Readers

 

Nifty kept moving up and closed at 13760.

 

Now What :-

Nifty has made consecutive 8 candles with small body on daily charts.

RSI above 81.

Although the momentum is strong but still I will not be aggressive buyer, as on technical charts, small time frame charts are stretched.

Nifty is on for 300-400 points move on either side.

The idea is to just step aside and wait for Nifty to relax its stretched charts.

Sometimes doing nothing is also a wise thing.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 13.12. 2020                                 NIFTY SPOT : 13513.80

                                                                                                         

Hi Readers

 

Nifty moved up in the week and made a high of 13573 and then closed at 13513.80 and stocks have given decent moves.

 

Now What :-

Now in the coming week I will not be an aggressive buyer.

below 10473, I will either look for small selling possibilities or just step aside.

 

Small time frame charts are stretched up.

And now I will look for correction.

Nifty has to spend some time.

In coming week time correction is becoming due.

Thus I will be open to correction but will not be aggressive buyer for the coming week.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 06.12. 2020                                 NIFTY SPOT : 13255.55

                                                                                                         

Hi Readers

 

Nifty moved up in the week and frankly we were expecting it to consolidate.

It was mentioned to stay on sidelines and wait for consolidation.

Nifty is moving up and showing strength and giving good tradable moves in stocks.

 

Now What :-

Well one has to respect the moves.

Till Nifty is above 13078 it is on for its trend.

If 13078 is broken then the consolidation which we were expecting in the previous week might happen in this week.

Thus keep riding the move till Nifty is above 13078 and below that just step aside.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2020                           NIFTY SPOT : 12968                     

 

Hi Readers

Nifty showed strength and moved up and made a high of 13145 and closed at 12968.

 Now What:-

Now in the coming week I will be bit cautious in Nifty. I would not buy it initially and if it starts trading below 10836 and stays below it, then I will even look for small selling possibilities.

But till then I will stay on side lines.

Trade setup for the week is clear for coming week will not be aggressive buyer in Nifty and wait.

Either volatile week is expected or bit of correction subject to confirmations of levels.

Trade Accordingly.

  

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 22.11. 2020                                 NIFTY SPOT : 12859

                                                                                                         

Hi Readers

 

Nifty opened at 12932 but since the charts was stretched it could not sustain at higher levels and came down to make a low of 10730 and again moved up to close at 12859.

 

Now What :-

 

Now for the coming week till Nifty is above 12744 it will buy on dips.

But below that The texture might be in danger and I will look for selling possibilities.

Thus the view is simple for the week

Till it is above 12744 buy on dips and below that look for selling possibilities.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 15.11. 2020                                 NIFTY SPOT : 12709.95

                                                                                                         

Hi Readers

 

Nifty opened above 12376 and thus showed that it no longer want to give correction.

Levels help staying on right side of the trade.

If it would have stayed below 10376 then we would have looked for correction.

 

 Now What :-

 

Now Nifty has given a decent move and now expecting too much in the coming week, nonstop will be greedy.

Thus for the coming week only I will wait for correction which will give entry points again.

 

For the coming week either wait for correction or step aside.

Professional traders can also play the corrective move for small profits.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 08.11. 2020                                 NIFTY SPOT : 12263.55

                                                                                                         

Hi Readers

 

Nifty was dancing on news of US and Bihar elections

 

Now What :-

 

Now in the coming week Nifty is showing some overbought signals.

It is the Bank Nifty and Technology which is showing strength.

 

The idea for the coming week is to look for small shorting possibilities and keep an eye on Bank Nifty and Tech Shares

 

For Nifty keep the stop loss of 12376 closing basis.

If Bank Nifty and Tech shares keep showing strength then one may look to exit early also.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 01.11. 2020                                 NIFTY SPOT : 11642.40

                                                                                                         

Hi Readers

 

Nifty was volatile as was expected and mentioned in my previous blog.

 

Now What :-

 

It was mentioned to be on sidelines for the week as Bihar elections are going on and this was first election after lockdown.

Still the elections are in progress and  there are elections also in USA on Nov 03, and results of US elections will declared on Nov 05.

Thus the volatility will be at its extreme.

View is same.

Stay on sidelines and enjoy the festival season.

Let the elections and volatility pass.

 

Trade accordingly.

 

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

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Date 25/10/2020                                                                                    Nifty : 11930

 Hi Readers,

Happy Dussehra to all.

Nifty opened the week just above our level of 11828. It opened at 11832 and stayed above it throughout the week.

Thus the trade available from Tuesday on wards was only to buy and not to sell as was mentioned in my blog.

Now What :-

In the coming week I would like to sit aside because this week is election week.

We have Elections starting in Bihar and Also Elections in USA on Nov. 03,

Thus Market will be discounting them.

It will be volatile and dance on news.

Because it is the first elections after Lockdown

Thus the idea is to sit aside and enjoy the Festival Season.

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 18.10. 2020                                 NIFTY SPOT : 11762.45

                                                                                                         

Hi Readers

Nifty moved as was expected and mentioned in my previous blog.

It was mentioned that Nifty is buy on dips and indeed dip came and Nifty and Bank Nifty rebounded from the same level and gave a decent profits.

 

But on next day (on expiry) again Nifty fell. And then again bounced to close at 11762.

 

Now What :-

 

Nifty has made a small double top pattern on hourly charts and is making bearish flag on hourly charts.

The charts are saying that Nifty is at make or break level.

The coming week is expected to be full body candle on weekly charts.

Either Green or Red.

Now how to play it.

Initially I would be a cautious seller in Nifty and see how it behaves.

Nifty staying below 11728 and Bank Nifty below 23250 will be comfort zone for keep holding the sell position but Nifty stay above 11813 and Bank Nifty above 23972 will be a level where we would not interested in selling or stay short.

Nifty has multiple supports between 10720 to 10753. But one has to take a view. Thus we have taken a cautious sell view initially to see how it behaves.

After Monday if Nifty closes and stays above 11828 I will be open to even buy.

 

Thus the idea is to start the week with a cautious sell position and see how the week pans out.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 11.10. 2020                                 NIFTY SPOT : 11914.20

                                                                                                         

Hi Readers

Nifty moved up nonstop in a style.

Showing strength.

 

Now What :-

Nifty has given a sharp rally and the texture of it, is, buy on dips.

Bank Nifty has for the first time supported the move and till bank Nifty is above 23250 Nifty is expected to be in safe zone. (Bank Nifty CMP 23846)

 

Nifty is buy on dips now.

And keep an eye on bank Nifty also. The key from here will be in the hands of Bank Nifty and if Bank Nifty stops helping Nifty then the view will be different.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :-

04.10. 2020                                 NIFTY SPOT : 11416

                                                                                                         

Hi Readers

It was mentioned to be on sidelines for the week gone by.

Nifty has made an insider bar in previous week.

 

Now What :-

Now for the coming week also I will just stay on sidelines and watch the movement. The coming week is expected to be volatile and sharp movements can be expected on either side.

We will wait for clear trade indication to come.

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 27.09. 2020                                 NIFTY SPOT : 11050

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog dated Sept. 20, 2020.

It was mentioned to be cautious and protect your long positions with tight trailing stop loss of 11448.

And below 11433 look for selling possibilities because the correction was expected to be decent and tradable.

 

As soon as Nifty broke 1133 it started falling and never looked back.

And made a low of 10805 and closed at 11050.  The correction was fast and sharp then what we expected. It gave good profit in no time.

 

Hope readers would have enjoyed the profits as I always say "Profit Woh hai Jo Ghar aa Gaya"

 

Now What :-

Now for the coming week I will just stay on sidelines and watch the movement. Because the sharp movements are followed by consolidation.

Thus just enjoy the truncated week ahead.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 20.09. 2020                                 NIFTY SPOT : 11504.95

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog dated September 13, 2020.

On Monday it held the levels mentioned and from Tuesday onwards it started moving up with bang.

And made a high of 11612 and then closed at 11504.95.

Hope readers would have enjoyed it.

 

Now What :-

Part profits should be booked and trail the balance position with tight trailing stop loss of 11448.

Even if Nifty stay below 11448 for some time just exit the long position and step aside.

 

Now, one should try to protect the position.

If Nifty does not move up run through then it might get fatigued and in that case protection of profits is the key.

Thus gave the tight trailing stop loss.

 

If Nifty closes below 11433 then Nifty may shed more points and give decent and tradable correction.

Thus I will not mind even to look for shorting possibilities and carry some also to see how the correction plays in.

 

The coming week is also expiry week.

Thus keep booking small profits or carry as per your appetite.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 13.09. 2020                                 NIFTY SPOT : 11464.45

                                                                                                         

Hi Readers

Nifty was in consolidation move with bearish bias during the initial part of the week.

But later recovered after making a low of 11185 and closed at 11464.

 

 

Now What :-

In coming week we can expect Nifty to give tradable move.

I will look for selling only if it closes below 11344.

Till then the strength Nifty has gained has to be respected.

Also Nifty is making Inverted head & Shoulder pattern on hourly charts which is bullish.

 

Always give the weight age to pattern and strength.

Thus my view is that close below 11344 Nifty is in a sell zone and till it is above that look for buying possibilities.

For buy trade once it will cross 11502 it will gain more strength.

 

Tomorrow is important day for Nifty. If any weakness has to come in Nifty it will come in first half tomorow.

If Nifty manages, to even, stay at current levels tomorrow, then, the strength which I am talking about has more chances to play.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 06.09. 2020                                 NIFTY SPOT : 11333.85

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog Dated Aug 30, 2020.

It went up but our trailing stop loss helped to exit at proper time at 10561.

 

It was mentioned that fall can come any time. And Nifty can dodge any time. Same happened.

Hope readers would have enjoyed.

 

 

Now What :-

In the coming week I would watch the movement of Nifty

Stay stepped aside. and let Nifty decide its track.

This blog is updated at 7.05 a.m. on Sept. 07, 2020.

 

Trade accordingly.

 

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

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