Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2020                           NIFTY SPOT : 12968                     

 

Hi Readers

Nifty showed strength and moved up and made a high of 13145 and closed at 12968.

 Now What:-

Now in the coming week I will be bit cautious in Nifty. I would not buy it initially and if it starts trading below 10836 and stays below it, then I will even look for small selling possibilities.

But till then I will stay on side lines.

Trade setup for the week is clear for coming week will not be aggressive buyer in Nifty and wait.

Either volatile week is expected or bit of correction subject to confirmations of levels.

Trade Accordingly.

  

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 22.11. 2020                                 NIFTY SPOT : 12859

                                                                                                         

Hi Readers

 

Nifty opened at 12932 but since the charts was stretched it could not sustain at higher levels and came down to make a low of 10730 and again moved up to close at 12859.

 

Now What :-

 

Now for the coming week till Nifty is above 12744 it will buy on dips.

But below that The texture might be in danger and I will look for selling possibilities.

Thus the view is simple for the week

Till it is above 12744 buy on dips and below that look for selling possibilities.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 15.11. 2020                                 NIFTY SPOT : 12709.95

                                                                                                         

Hi Readers

 

Nifty opened above 12376 and thus showed that it no longer want to give correction.

Levels help staying on right side of the trade.

If it would have stayed below 10376 then we would have looked for correction.

 

 Now What :-

 

Now Nifty has given a decent move and now expecting too much in the coming week, nonstop will be greedy.

Thus for the coming week only I will wait for correction which will give entry points again.

 

For the coming week either wait for correction or step aside.

Professional traders can also play the corrective move for small profits.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 08.11. 2020                                 NIFTY SPOT : 12263.55

                                                                                                         

Hi Readers

 

Nifty was dancing on news of US and Bihar elections

 

Now What :-

 

Now in the coming week Nifty is showing some overbought signals.

It is the Bank Nifty and Technology which is showing strength.

 

The idea for the coming week is to look for small shorting possibilities and keep an eye on Bank Nifty and Tech Shares

 

For Nifty keep the stop loss of 12376 closing basis.

If Bank Nifty and Tech shares keep showing strength then one may look to exit early also.

 

Trade accordingly.

 

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

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Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 01.11. 2020                                 NIFTY SPOT : 11642.40

                                                                                                         

Hi Readers

 

Nifty was volatile as was expected and mentioned in my previous blog.

 

Now What :-

 

It was mentioned to be on sidelines for the week as Bihar elections are going on and this was first election after lockdown.

Still the elections are in progress and  there are elections also in USA on Nov 03, and results of US elections will declared on Nov 05.

Thus the volatility will be at its extreme.

View is same.

Stay on sidelines and enjoy the festival season.

Let the elections and volatility pass.

 

Trade accordingly.

 

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

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