Sunday 19 December 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 19.12. 2021                        NIFTY SPOT   16985

 

Hi Readers,

Nifty fell in the last week as it broke 17418.

Bank Nifty was the weakest of the lot.

It was mentioned that below 17418 no confidence in buying and 17218 is important support.

As soon as the support broke Nifty fell sharply.

 

Now What:-

Now Nifty will remain weak and that 17218 will act as important resistance now. Below it the texture is sell on every rise.

 

Trade Accordingly.

Sunday 12 December 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.12. 2021                        NIFTY SPOT  17511

 

Hi Readers,

Nifty gave a smart rebound with gap on daily chart.

 

Now What:-

Now, till the time the gap holds on Nifty it can give more upside.

Now the level of 17218 on the down side will act as an important support level.

PSU banks are giving boost to Bank Nifty.

In the coming week till Nifty is above 17418 the urge to look for buying possibilities will be strong together with the eye on PSU banks if they are holding steady and Nifty holding above 17418 the view is on. Else just step aside.

Because the gap will not allow us to short in coming week and below 17428 the confidence will not be strong for buying.

Trade Accordingly.

Monday 6 December 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 06.12. 2021                        NIFTY SPOT  17196

 

Hi Readers,

Nifty came as was mentioned but closed at 17401 and then again fell from there.

 

Now What:-

I will keep looking the selling possibilities in Nifty.

This is not the time when I will look for bottom fishing on dips.

Till the time Nifty does not show any sign of strength I will keep looking for selling possibilities.

Trade Accordingly.

 

Note the blog is updated on 6th December, 2021 at 00.42 am early morning and late night of December 05th , 2021

Monday 29 November 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2021                        NIFTY SPOT  17026

 

Hi Readers,

Nifty came down bang on as was mentioned in my blogs.

Readers would have enjoyed the profits

 

Now What:-

Keep holding the short positions

And keep booking part profits also as per your appetite.

Booking part profits is the profitable pyramiding in which you keep booking part profits as Nifty moves in your favour and keep holding the balance position.

Now the trailing stop loss for short position is 17256.

Trade Accordingly.

 

Note the blog is updated on November 29th (Monday) morning before the market opens at 7.12 am.

 

 

 

 

 

Monday 22 November 2021

 

Hi Readers,

Nifty fell like anything made a of 17549 at present 15573

Book more profits here and hold the balance short position

From here 17470 to 17510 will be an important level to watch.


Note blog is updated during market time at 11.22 am

Trade Accordingly.

Sunday 21 November 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 21.11. 2021                        NIFTY SPOT  17764.80

 

Hi Readers,

Nifty moved exactly as was mentioned in my previous blog dated Nov. 14, 2021.

It was mentioned that Bank Nifty is weak and once Nifty breaks 18002 go short.

Also our Monday factor analysis of Bank Nifty was also bang on wherein bank Nifty started falling form Monday onwards and shed more than 1000 points.

Hope readers would have enjoyed the profits.

 

Now What:-

Book Part profits on Monday i.e. tomorrow 22/11/2021 and carry the balance short position for further lower targets. With trailing stop loss of 17972 initially which is still below cost of 18002. Will further trail the stop loss to tighter levels during the course of time.

Trade Accordingly.

 

 

 

 

Sunday 14 November 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 14.11. 2021                        NIFTY SPOT  18102.75

 

Hi Readers,

Nifty moved as was mentioned in my previous blog.

Above 17972 it will trade with bullish bias.

 

Now What:-

Bank Nifty is not participating in the rally.

Monday will be an important day for Nifty and Bank Nifty.

Frankly Bank Nifty is at make or break level.

Thus for the coming week I would treat Monday as the trend decider for Bank Nifty which will further decide the movement for Nifty also.

If Bank Nifty shows any weakness on Monday and Nifty goes below 18002 then I would not hesitate to even look for selling possibilities in Nifty with stop loss of 18114, Else keep holding the mildly bullish stance on Nifty.

Trade Accordingly.

Monday 8 November 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 08.11. 2021                        NIFTY SPOT  17916.80

 

Hi Readers,

Nifty was volatile and readers would have enjoyed the holidays and Festivals.

 

Now What:-

Now till the time Nifty is above 17972 closing basis it is expected to trade with mildly bullish bias.

But below it I would look for selling possibilities.


This blog is updated at 8.31 am on Monday Dated 08/11/2021 before the market open.

 

Trade Accordingly.

 

 

 

 

Monday 1 November 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 01.11. 2021                        NIFTY SPOT  17671

 

Hi Readers,

Nifty came down as expected and as was mentioned in my previous blog dated Oct 24, 221.It made a low of 17633 and closed at 17671.

It was mentioned to look for selling possibilities in Nifty.

Now What:-

Now Nifty has corrected almost 1000 points from the top.

As present it might be a good strategy to book profits from short positions and step aside and enjoy the festivals.

Happy Dhanteras

Happy Diwali

& Happy Bhai Dooj to all.

May Goddess Lakshmi fulfil all your dreams.

Note this blog is updated on October 31st at night at 12.35 technically Nov. 01, 00.35 hrs.

 

Trade Accordingly.

 

 

 

 

Sunday 24 October 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 24.10. 2021                        NIFTY SPOT  18114

 

Hi Readers,

Nifty was volatile as mentioned in my previous blog and came down and made a low of 18034 and closed at 18114.

 

Now What:-

Nifty is still expected to trade with volatility and bearish bias.

Professional traders can look for small selling possibilities again and again for profits till Nifty is below 18238.

Trade Accordingly.

Sunday 17 October 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 17.10. 2021                        NIFTY SPOT  18338

 

Hi Readers,

Nifty moved up and closed at 18338 but we still stayed on sidelines.

 

Now What:-

I will still remain on sidelines for some more time.

View is still the same. Stay on side lines let Nifty be volatile.

Trade Accordingly.

 

 

 

 

Sunday 10 October 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.10. 2021                        NIFTY SPOT :17895.20

 

Hi Readers,

Nifty moved up and closed at 17895.20 maintaining volatile nature.

 

Now What:-

View is still the same. Stay on side lines let Nifty be volatile.

Trade Accordingly.

 

 

 

 

Sunday 3 October 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 03.10. 2021                        NIFTY SPOT :17532.05

 

Hi Readers,

Nifty gave a sharp dip and made a low of 17452 and closed at 17532.

The decision not to be a buyer again proved right again.

 

Now What:-

View is still the same. Stay on side lines let Nifty be volatile.

Trade Accordingly.

 

 

 

 

Monday 27 September 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 27.09. 2021                      NIFTY SPOT :17853

 

Hi Readers,

Nifty gave a sharp dip and made a low of 17326 then again moved up came back to close at 17853. Thanks to the China News.

Now What:-

View is same

Would not like to be aggressive buyer in Nifty

Would like to step aside and watch Nifty’s movement.

Trade Accordingly.

Sunday 19 September 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 19.09. 2021                       

                                                                    NIFTY SPOT :17585.15                    

 

Hi Readers

Nifty gave a sharp rise and then came back to close at 17585.

Last week the small short trade did not work out.

But RSI stays above 81 on daily chart.

 

Now What:-

Now also view id same.

I will not be a buyer in Nifty but would like to stay on side lines and wait for the movement of Nifty.

Further I will again look for small selling possibility in Nifty till it stays below 17692 but above 17692 just step aside.

Keep an eye on Bank Nifty. Because it is not yet giving signs of weakness.

If it starts showing signs of fatigue then the Nifty may come down with speed.

RSI above 81 and fatigue on shorter time frame charts is expected to have its impact on Nifty.

Trade Accordingly.

 

 

 

 

Sunday 12 September 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.09. 2021                     NIFTY SPOT :17369.60                    

 

Hi Readers

Nifty did not move anywhere and stayed in the range with RI above 81.

A rare phenomenon that above 81 RSI Nifty is staying at higher levels.

Now What:-

Till now we were of the view to stay on side lines and wait for the movement of Nifty.

But now Nifty has stated showing fatigue, Now, I will be look for selling Nifty with the stop loss of 17468 closing basis.

Because the RSI above 81 and fatigue on shorter time frame charts are visible.

Trade Accordingly.

 

 

 

 

Sunday 5 September 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 05.09. 2021                        NIFTY SPOT :17323.60                    

 

Hi Readers

Nifty moved up with bang supported by Bank Nifty.

Now What:-

We were on side lines for the week.

But on Monday of the Week Bank Nifty gave a breakout of the range.

But as per our policy when RSI of Nifty is above 80 zone we prefer to step aside and sit on side lines.

No matter if one or two week move missed.

For the coming week also stay on side lines as RSI above 81 is not an area where we want to create fresh longs.

Trade Accordingly.

 

 

 

 

Sunday 29 August 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.08. 2021                   NIFTY SPOT :16705.20                    

 

Hi Readers

Nifty moved exactly as was mentioned in my previous blog. Nifty kept moving and closed at the high of the rally at 16705.20, Highest closing ever.

Now What:-

Now for once I would like to book profits and step aside and wait and watch.

As a policy I always say “Profit Who hai Joh ghar aa gaya” baki baki sab kahania hai.

On Monday i.e. tomorrow I would like to book full profits and step aside for once.

Trade Accordingly.

 

 

 

 

Monday 23 August 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 23.08. 2021                        NIFTY SPOT :16496.45                    

 

Hi Readers

I was out of town thus could not write the blog yesterday.

Nifty moved exactly as was mentioned in my previous blog. Nifty made a low of 16376 and then rebounded to close at 16496.45.

Now What:-

Now also the view is exactly same.

Till the time Nifty is giving respect to first trailing stop loss the overall trend will remain up.

Keep the trailing stop loss of 16348 for the balance part of long position and keep riding the tide.

Trade Accordingly.

 

 

 

 

Sunday 15 August 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 15.08. 2021              NIFTY SPOT :16529.10                   

 

Hi Readers

First of all Happy Independence Day to all.

This is the day, which will always remain Dream come true day for all of us.

 

Nifty moved up like anything and non stop as was mentioned in my previous blog dated Aug.08, 2021.

Hope readers would have enjoyed the profits.

Now What:-

Book part profits here as a policy never leave profits on the table, As I always say “Profit Who Hai Joh Ghar aa Gaya”

And Keep holding the balance long position with the trailing stop loss of 16348.

Trade Accordingly.

 

 

 

 

Sunday 8 August 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 08.08. 2021                        NIFTY SPOT :16238.20                   

 

Hi Readers

Nifty as soon as it crossed 16902 it did not looked back.

It went up in style and made a high of 16349 and closed at 16238.20.

Hope readers would have enjoyed it.

This is the quality of technical analysis it helps you to enter into the trade at right time and also helps you when to stay on side lines.

 

Now What:-

Keep holding the long position with the trailing stop loss of 16066.

This move seems to be having more upside possible.

Obviously keep booking part profits on periodical basis as I always say “Profit Who hai joh ghar aa gaya”

Bank Nifty is also making rectangle pattern, where Nifty has given breakout Bank Nifty has still to give the breakout.

Keep an eye on that, its breakout will give further impetus to Nifty.

Trade Accordingly.

Monday 2 August 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 02.08. 2021                        NIFTY SPOT :15763.05                   

 

Hi Readers

Nifty made a low of 157813nd then rebounded to close at 15763.

 

Now What:-

Nifty is trading in a range and now the best trade available is to wait for the range to break.

 

Nifty will be a buy above 15902 closing basis and will be weak below 15606. Closing basis.

Till that time stay on side-lines.

Trade Accordingly.

 

 

 

 

Sunday 25 July 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 25.07. 2021                        NIFTY SPOT :15856.05                    

 

Hi Readers

Nifty made a low of 15578 and then rebounded to close at 15856.05.

It was mentioned to sell on close below 15760 Nifty on Monday closed at 15752 and then come further down to make a low of 15578 and then rebounded to close at 15856.

Now What:-

In the coming week again for first two days I would like to wait and check if Nifty is able to close and sustain above 15902 comprehensively and if Nifty does that I will be a buyer in Nifty else Nifty will keep moving in a range and below 15718 more downside can be expected.

Trade Accordingly.

 

 

 

 

Sunday 18 July 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 18.07. 2021                        NIFTY SPOT :15923.40                    

 

Hi Readers

Nifty went up last week and closed above our level of 15902.

Now What:-

In the coming week for first two days I will like to see that if Nifty is holding the break of 15902 or it will prove to be a false one.

If Nifty stay above 15902 on closing basis in next two days then I will not hesitate to buy and if it does not, then, below 15765 again I will like to see selling possibilities.

Trade Accordingly.

 

 

 

 

Monday 12 July 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.07. 2021                          NIFTY SPOT :15689.8                    

 

Hi Readers

Nifty moved exactly as was mentioned in my previous blog dated July 04, 2021. Nifty faced the resistance at 15902 and then came down to make a low of 15632 and closed at 15689.

 

Now What:-

In the coming week also the view is same.

Till Nifty is not able to cross 15902 it will have downside risks and below 15606 more downside will open.

Nifty showed a possibility of breakdown of 15606 as it made a low of 15632, but the somehow managed not to break that.

It was expected that in the previous week itself, Nifty tried it but somehow managed not to.

In the coming week also it is expected that the range to break. View is same till it is below 15902 closing basis consider it to be sell on rise.

Trade Accordingly.

Note this blog is updated on July 11, 2021 after Mid night thus technically on July 12, 2021 at 00.10 a.m.

 

 

 

 

Sunday 4 July 2021

 

Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 04.07. 2021                                 NIFTY SPOT : 15722.20

                                                                                                         

Hi Readers

Nifty moved in the range and respected our levels.

But the overall it was range bound.

 

Now What :-

 

Now in the coming week also the view is same.

Below 15606 Nifty is weak and above close above 15902 Nifty will come out of weakness and short covering can be expected.

Bank Nifty stay above 35206 will show strength, till it is below 35206 it will be under threat to downside.

In Coming week the range bound is expected to end.

 

Trade accordingly.

 

 

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

 

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