STOCK MARKET VIEW BY SACHIN AGGARWAL : March 2020

Sunday, 29 March 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 29.03. 2020 NIFTY SPOT : 8660.25

Hi readers,

Nifty remained volatile with sharp moves up and down.

Which was expected considering VIX is at his highest.

Now What :-

Nifty is still in overall downtrend.

Every rally shall be used to sell.

But yes the level of 9223 shall be important for Nifty. Which is first resistance on the up side.

Since that level is far off. It is always better to play on intraday basis.

Which only professional can handle, as risk management is required.

Also, as I have been mentioning that India VIX is very high at present it is above 70.

It require at least 6 red candle for India VIX to cool down.

Ever Since India VIX has started being tracked, it has never reached that level.

Thus volatility will be at its extreme.

Wild movement will be there.

The current rebound may be to save some institutions for March 31st pressure. Which might have triggered redemption's or panic.

Again I will not be interested in finding bottom as yet.

Trade accordingly.

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

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Sunday, 22 March 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.03. 2020 NIFTY SPOT : 8745.45

Hi readers,

It was mentioned in my previous blog to just stay away from MKT as the movement will be sharp both up and down.
Same happened.

As the VIX is very high above 60 which itself says that 300 - 400 points or more movement is the name of the game. Only Professionals can handle that as they know how to manage risk.

Now What :-

This is not the time to look for bottom.
Let the charts speak itself.
Till that time Nifty will remain in a overall downtrend.

All all the rallies will be used to ultimately short.

Even if any professional wants to trade, the best trade will be to look for times when you get opportunity to trade intraday with bracket orders.

Trade accordingly.

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

Sunday, 15 March 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.03. 2020 NIFTY SPOT : 9955

Hi readers,

Nifty fell as was mentioned in my previous blog.
It was mentioned that Nifty is sell on every rise and Nifty made the strongest ever down move on downside.
It was coming down, as if, their is no tomorrow.
It hit a lower circuit on Friday and made a low of 8555 and then rebounded fast and non stop to close at 9955.

Now What :-
Volatility is very high at 51.47.
Which itself says that movements will be wild and sharp.
It will be difficult to play that move with even reasonable stop loss.
Thus it is prudent to step aside this week and wait and watch Nifty take move.
However intra-day trades will be available as movement will be sharp.
For positional traders just step aside and professional traders can look for intra-day trades.

Trade accordingly.

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

Monday, 9 March 2020

Kudos again,

As always before, this time also, Nifty’s donwfall was very well predicted in advance in my Blog.

It was cleary mentioned when Nifty was around 12150 to short Nifty in my blog dated Feb 17, 2020.

Since then, Nifty is falling like pack of cards and It has touched 10380 today.

It is 1800 points down from the level at which I mentioned to sell.

Readers of the blog would be enjoying while people are crying.

This the the Power of technical analysis.

This is all GOD’s grace

Enjoy the profits.

Still people say that Stock Market is “SATTA”.

No, it is only analysis and confidence on your analysis.

It require guts, to write in public domain, and to say, to go short when people are madly bullish. Because your reputation is at stake.

And We have done it many a times. It is their in the history of the blog of 7 years and anybody can see it.

Receivng a lot of calls now and I thank you all for your love and affection.

Now this is the time to book full profits from Nifty short position and just step aside and enjoy HOLI.

and enjoy the profits.

Once close the short positions and bring money home.

As I always say Profit woh hai jo Ghar aa gaya baki sab kahania hai.

This blog is updated during market time at 1.00 p.m. when nifty is at 11448.

Sunday, 8 March 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.03. 2020 NIFTY SPOT : 10989

Hi readers,

Nifty fell as was mentioned in my previous blog.
It was mentioned to go short again on rise and Nifty gave a rise to 11389 and the again fell hard to make a low of 10833 and closed at 10989.
Sell on rise again proved to be the right strategy.

Nifty is just saying that it is in a hurry to come down.

Readers would be remembering that we have been saying to go short on Nifty since 12200.
Nifty came down nearly 1400 hundred points in few days.

Traders are shocked but this is all technical analysis.
There is no point looking for buying when charts are showing weakness.

Now What :-
Stay with the same approach.
That is sell on rise.
Avoid looking for buying till any signal on charts are there.

Trade accordingly.

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

Sunday, 1 March 2020

Nifty Blog by CA. Sachin Aggarwal

Dated :- 01.03. 2020 NIFTY SPOT : 11201

Hi readers,

Nifty fell as was mentioned and the speed of falling was tremendous.
Nifty closed at 11201.
Way way down from the previous week close.

Hope readers would have enjoyed the profits.
Now the Nifty will turn volatile.
More and more rumours will come into picture

Keep staying out and use sell on rally strategy till the time any Nifty make any technical pattern for buying.
Technically Nifty is sell on rise.

Trade accordingly.

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

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.