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.

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