STOCK MARKET VIEW BY SACHIN AGGARWAL : January 2020

Monday, 27 January 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 27.01. 2020 NIFTY SPOT : 12248.25

Hi readers,

Nifty came down as was mentioned in my previous blog.

It was mentioned that Nifty will be trading with fatigued bias and book full profits from all long positions.

Hope readers would have enjoyed.

It was also mentioned that Nifty will be moving up and down and volatile also. Same happened, Nifty fell from 12430 to 12087 and then closed at 12248.

Now What :-

Now the coming week is Budget week also, where we have budget on Feb. 01, 2020.

Looking at charts till Nifty is below 12328, Nifty is trading with weak bias and in that sudden dip in Nifty is not ruled out.

But budget weeks are always naughty and it is always a good strategy to be ultra cautious in this week.

As news and rumours play more role than Technical's in this week.

Trade accordingly.

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

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Sunday, 19 January 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.01. 2020 NIFTY SPOT : 12352.35

Hi readers,

Nifty went up as was expected.

It was clearly mentioned in my previous blog that I will look for buying possibilities and buy on dips will be good strategy for the week.

Same happened Nifty made a high of 12389 and closed at 12352.

Now What :-

Now Nifty has closed at 12352 and is slowing down in pace.

Looking at the charts. in the coming week Nifty is expected to be either range bound or will be slightly fatigued bias.

Thus just book profits.

Now in the coming week Nifty is expected to be up and down thus both side trades will be beneficial, but that too for small profits.

Trade Accordingly.

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

Sunday, 12 January 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.01. 2020 NIFTY SPOT : 12256.80

Hi readers,

Nifty went down and made a low of 11929 and then rebounded back with bang to make a high of 12311 and closed at 12256. Volatile as was expected.

Nifty went down below our level of 11988 but did not closed below that.

Blog readers would have closed their balance short positions which they would have been holding at the trailing stop loss of 12198.

The trade was exited with minor profit in spite of too much volatility and intraday gains. Had it closed below 11988 also, the down move would have been much severe.

Now What :-

Nifty taking support at 11929 and making gap up on the charts is very good for Nifty.

Now Nifty has again tested our resistance level 12298 to 12343.

I will be interested in the coming week to look for buy on dips possibilities in Nifty. Will look for buying possibilities on dips for the coming week. Till Nifty is above 12122.

Trade Accordingly.

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

Tuesday, 7 January 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 07.01. 2020 NIFTY SPOT : 12052

Hi readers,

Nifty faced resistance exactly at our level of 12292. Nifty made a high of 12289.90 and started falling. News from IRAN triggered the fall.

Also see the power of technicals. Today Nifty rebounded again to 12152 and again faced resistance at 12166 and started falling again.

As I always say that technical analysis helps us -- First not to be on wrong side and then to keep us in right side of the trade.

Readers would have enjoyed the fall.

Now What :-

Those who are having short positions should book part profits and keep holding the balance.

This is the time to remain short in Nifty with the stop loss of 12198 closing basis.

Although volatile moves are expected for that the stop loss is there. Volatility and news flow will be high.

And in next two days if Nifty does not close below 11988 then book full profits and step aside.

Trade Accordingly.

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

Sunday, 5 January 2020

Hi all.
Sir is out of town.
Blog will be updated on tuesday.

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.