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.

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