Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 30.08. 2020                                 NIFTY SPOT : 11647.60

                                                                                                         

Hi Readers

Nifty moved up as was expected and mentioned in my blog dated Aug 23, 2020.

It was mentioned that if Nifty do not move up till Tuesday then step aside.

Same happened Nifty moved up on Monday and Tuesday both and gave a breakout as was expected and mentioned.

Hope readers would have enjoyed it.

 

Now What :-

In the coming week I would Keep playing upside with very tight stop loss and keep riding Nifty longs. But with the disclaimer that Nifty can dodge any time now and can shed 100 -200 points any time.

Because Nifty has given multiple breakouts, that, for once, it forces to think, that, whether they are actually true i.e. to be very frank they are too good to believe. And such clear breakouts sometimes has the habit of giving jerk which is part of game.

 

But since we want to fully enjoy the rally which we have been playing continuously, thus, keep riding the rally with the very tight trailing stop loss of 10561 even on intraday basis (If Nifty stay below that for more than 30 minutes).

Now the up moves if it continues will be sharp and wild.

 

Trade accordingly and keep enjoying.

 

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

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

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 23.08. 2020                                 NIFTY SPOT : 11371.6

                                                                                                         

Hi Readers

Nifty moved as per my previous blog dated Aug 16, 2020.

Wherein it was mentioned that above 11254 Nifty is bullish with a stop loss of 11150 closing basis.

Nifty moved up and made a high of 11418 and closed at 11371.

 

Now What :-

The coming week is an expiry week also with expiry on Aug 27, 2020.

Expect the volatile moves in the coming week.

 

My observation is that in last 18 trading days Nifty has made only 2 green body candles. Which is a sign of caution.

 

Now how to trade this.

I will book part profits her and for balance position trail my stop loss to 11289 even on intraday basis, so that, the buy position is protected.

 

Also if Nifty does not move up in next two days I will book full profits and step aside. Because in that case it will be 20 days for Nifty. And as per my time cycles 20 days is an important factor.

 

Thus the combination of trio i.e. booking part profits, trailing the stop loss and allowing only 2 days for Nifty to move up else exit the position will help in trade management.

 

Trade accordingly.

 

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

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

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 16.08. 2020                                 NIFTY SPOT : 11181.25

                                                                                                         

Hi Readers

Nifty respected the both support and resistance levels in the previous week.

 

Nifty was both up and down during the week.

 

Now What :-

The coming week is easy to trade

As Nifty has taken support for once at 11111.

This number support is very significant.

 

For the coming week the view is simple. Close above 11254 Nifty is bullish with a stop loss of 11150 closing basis and close below 11098 Nifty is bearish with a stop loss of 11192 closing basis.

Play as per the breakout and breakdown, both on the up and down side as per the levels.

The movement as per the above mentioned levels is expected to be tradable.

 

Trade accordingly.

 

 

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

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

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 09.08. 2020                                 NIFTY SPOT : 11214.05

                                                                                                         

Hi Readers

Nifty has rebounded from the low of 10882 lower to our make or break level of 10950 mentioned in my previous blog.

 

Nifty made a low of 10882 and then rebounded to close at 11214.

 

Still below our level of 11220.

 

Now What :-

Now Nifty and Bank Nifty is again at crucial juncture.

They both are neither going up nor coming down decisively.

 

But looking at charts I expect that the coming week would be a full body red or green candle with tradable move on either side.

The key will be with Bank Nifty.

Bank Nifty close Below 21498 it is bearish and close above 21916 it is bullish.

 

And for Nifty also the same is expected.

This week will give move on one side.

Thus the movement will be decided during the week itself.

 

On the downside 11150 and on the upside 11296 will work as important support and resistance levels.

 

Trade accordingly.

 

 

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

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

Hi Readers

NIfty is at 10950 Spot time 10.15 am.
Book 50% profit here as discussed in my previous blog yesterday and hold the balance short position one with the stop loss mentioned in my previous blog.

Enjoy the profits.
This blog is updated during market time at 10.15 am

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.08. 2020                                 NIFTY SPOT : 11073.45

                                                                                                         

Hi Readers

It was mentioned to book full profits and step aside as Nifty was overbought and run through upside was not expected, at that time Nifty was at 11200.

Same happened Nifty came down after making high of 11341 and made a low of 11026 and closed at 11073.

Hope readers would have enjoyed it.

Now What :-

Now as was mentioned to look for selling below 11118 where bullishness will be put under test.

Now the strategy for the week is to keep holding the short position with the stop loss of 11220 closing basis or even if Nifty stay above it for some time during the day.

But frankly this time the sell trade now is not that comfortable as on today.

Because Nifty is at make or break level around 10950 to 11020. Nifty has tested 11026 for once on Friday.

Thus the way one should play it is that book some profits on Monday itself. So that your stop loss will be either reduced or negligible or at cost.

Because if the fall has to come it will come in next two - three days. Else just book out without waiting for stop loss. Because the rebound will be equally sharp, it at all it comes, and expected to be good one. Rather try to buy in such scenario of rebound.

Thus the strategy is to hold sell trade (part one only) initially but keep booking some profits in between and hold only maximum 50% of position so that the effective stop loss should be reduced to few points of cost or be careful of position size.

Trade accordingly.

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

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