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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