Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.05. 2020                                 NIFTY SPOT : 9039.25

                                                                                                         

Hi Readers

Nifty came down as was mentioned in my previous blog dated May 17, 2020 last week.

It came down with a bang and made a low of 8806 and closed at 9039.

Readers would have enjoyed the move.

In my during the market blog on May 22, 2020,  I mentioned to book profits from all the short positions when Nifty was at 8999 and will be open to buy Nifty.

Now What :-

My view is still the same till Nifty is closing above 8961 indicators are supporting that it might give decent and tradable bounce.

Thus will not be looking to sell Nifty till it is above 8961.

Rather any shorting will be avoided till 8902, below 8902 closing basis more lower levels are on cards.

Thus 8902 to 8961 is no trading zone.

 Trade accordingly.

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

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