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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