Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.04. 2020                                 NIFTY SPOT : 9111.90

                                                                                                         

Hi readers,

Nifty moved up with a bang as was mentioned in my blog dated April 06, 2020 when Nifty as at 8106.

Readers would have enjoyed the profits.

It was mentioned that the up move would be a good one.

Same happened it was fast and furious up move of more than 1000 points in one week as was expected.

As I mentioned earlier in my blogs India VIX had made 6 red candles which also triggered the up move.

Nifty has given a breakout of inverted head & Shoulder pattern which is a bulling pattern. But the close of Nifty should have been above the technical level of 9223.

Readers would have booked full profits at 8940 as per my during the market blog dated April 08, 2020.

Now What :-

Nifty's should have closed above 9223 in the week.

If it would have closed above 9223 I would have said that go long again.

Now, Since Nifty has not closed above 9223 in this week.

Then the next thing expected from Nifty for moving up is that it should  spend some time at around 9223 level plus minus some points for some time.

If Nifty does not do that in that case I will be open to the thought that it may again feel itself heavy and start making red candles again.

Thus how to play this.

I will be playing with tight stop loss.

And look for buying, only if, Nifty stays above 9223 at least for one hour that too with small and tight stop loss.

And below 8944 I will not look to buy Nifty rather look for selling possibilities.

Both side trades should be with tight stop loss and should be taken again and again for small profits.

Trade accordingly.

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

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly     --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------