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.

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