STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday 8 November 2020

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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The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.