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.

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