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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