Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 27.09. 2020                                 NIFTY SPOT : 11050

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog dated Sept. 20, 2020.

It was mentioned to be cautious and protect your long positions with tight trailing stop loss of 11448.

And below 11433 look for selling possibilities because the correction was expected to be decent and tradable.

 

As soon as Nifty broke 1133 it started falling and never looked back.

And made a low of 10805 and closed at 11050.  The correction was fast and sharp then what we expected. It gave good profit in no time.

 

Hope readers would have enjoyed the profits as I always say "Profit Woh hai Jo Ghar aa Gaya"

 

Now What :-

Now for the coming week I will just stay on sidelines and watch the movement. Because the sharp movements are followed by consolidation.

Thus just enjoy the truncated week ahead.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 20.09. 2020                                 NIFTY SPOT : 11504.95

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog dated September 13, 2020.

On Monday it held the levels mentioned and from Tuesday onwards it started moving up with bang.

And made a high of 11612 and then closed at 11504.95.

Hope readers would have enjoyed it.

 

Now What :-

Part profits should be booked and trail the balance position with tight trailing stop loss of 11448.

Even if Nifty stay below 11448 for some time just exit the long position and step aside.

 

Now, one should try to protect the position.

If Nifty does not move up run through then it might get fatigued and in that case protection of profits is the key.

Thus gave the tight trailing stop loss.

 

If Nifty closes below 11433 then Nifty may shed more points and give decent and tradable correction.

Thus I will not mind even to look for shorting possibilities and carry some also to see how the correction plays in.

 

The coming week is also expiry week.

Thus keep booking small profits or carry as per your appetite.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 13.09. 2020                                 NIFTY SPOT : 11464.45

                                                                                                         

Hi Readers

Nifty was in consolidation move with bearish bias during the initial part of the week.

But later recovered after making a low of 11185 and closed at 11464.

 

 

Now What :-

In coming week we can expect Nifty to give tradable move.

I will look for selling only if it closes below 11344.

Till then the strength Nifty has gained has to be respected.

Also Nifty is making Inverted head & Shoulder pattern on hourly charts which is bullish.

 

Always give the weight age to pattern and strength.

Thus my view is that close below 11344 Nifty is in a sell zone and till it is above that look for buying possibilities.

For buy trade once it will cross 11502 it will gain more strength.

 

Tomorrow is important day for Nifty. If any weakness has to come in Nifty it will come in first half tomorow.

If Nifty manages, to even, stay at current levels tomorrow, then, the strength which I am talking about has more chances to play.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 06.09. 2020                                 NIFTY SPOT : 11333.85

                                                                                                         

Hi Readers

Nifty moved as was mentioned in my previous blog Dated Aug 30, 2020.

It went up but our trailing stop loss helped to exit at proper time at 10561.

 

It was mentioned that fall can come any time. And Nifty can dodge any time. Same happened.

Hope readers would have enjoyed.

 

 

Now What :-

In the coming week I would watch the movement of Nifty

Stay stepped aside. and let Nifty decide its track.

This blog is updated at 7.05 a.m. on Sept. 07, 2020.

 

Trade accordingly.

 

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

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