Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.07. 2020                                 NIFTY SPOT : 10768.05

                                                                                                         

Hi Readers

It was mentioned to book full profits from long position in Nifty when Nifty was at 10813 in my before market blog on Friday dated July 10, 2020.

And Nifty came down to make a low of 10718 and closed at 10768.

Actually Nifty should have given a close above 10933 in the previous week as per the analysis.

But as soon as we get the indication that Nifty is not going to close above 10933 we decided to exit the long positions and step aside.

Now What :-

The coming week will be to wait and watch Nifty to decide its direction itself.

Because, Nifty is slow in moving up, it might be fatigued also but the indicators has to turn negative for us to take any sell trade.

Thus the coming week will be to wait and watch and let Nifty decide its course of action and then take a direction view.

Till then enjoy the volatility

Trade accordingly.

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

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