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.

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