Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.07. 2020                                 NIFTY SPOT : 10901.70

                                                                                                         

Hi Readers

It was mentioned to wait and watch Nifty to decide its direction itself.

Nifty was very volatile and one day up and one day down throughout the week. And by the end of the week it gave an upside movement and closed at 10901, we were expecting it to happen last week. However we wanted a close above 10923. But let us give benefit of doubt and expect Nifty to give closed above 10923 soon.

Now What :-

Now as soon as Nifty crosses 10923 the trade available is buy only and buy on every dip. Till Nifty is above 10760.

Bank Nifty has also shown promise on Friday. In  coming week Bank Nifty will hold the key for Nifty as major contributor. Bank Nifty has to sustain and support this strength of Nifty.

Till 10760 is protected Nifty will remain bullish. Below which the weakness will creep in.

Trade accordingly.

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

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