Nifty Blog by CA. Sachin Aggarwal

Dated :- 10.05. 2020                                 NIFTY SPOT : 9251.50

                                                                                                         

Hi Readers

Nifty was erratic in the week gone by.

But important thing to us is that it traded below 9458 throughout the week.

It was mentioned to stay out from market and watch Nifty move.

Now What :-

Nifty is at important level.

Where I expect Nifty to go down from here.

But If is closes above 9388 then I will again want to step out from market and watch from sidelines.

But if it closes above 9388 with the help of any gap up then I will be open to buy also.
Means any gap up will nullify the view even before 9388 and gap up should be looked to buy with small stop loss below gap level on closing basis.

But keep booking profits also.

Trade accordingly.

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

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