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.
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.
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