Nifty Blog by CA. Sachin Aggarwal

Dated :- 17.02. 2020                                 NIFTY SPOT : 12113

                                                                                                         

Hi all,

Nifty moved up and still in sell on rise zone. 

Nifty rose and closed above our stop loss level of 12182.

But then immediately came down to close at 12113.

Now What:-

I consider that Nifty moving above 12182 was a dummy move.
Short Nifty again with the stop loss of 12198 closing basis.

Expect lower levels in Nifty as Nifty is in sell on rise zone.

Note that this blog is updated on 16th Feb. late night at 12.29 p.m. That is why the date mentioned is of 17th Feb.

Trade Accordingly.

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