Nifty Blog by CA. Sachin Aggarwal

 

 

Dated :- 10.01. 2021                                 NIFTY SPOT : 14347.25

                                                                                                         

Hi Readers

Nifty moved up as was expected and mentioned in the previous blog.

It made a high of 14357 and closed at 14347.

 

Now What :-

Nifty is still showing some signs that it wants to go on relentlessly in-spite of becoming little stretched. Let us not be greedy.

 

Let us book profits from long positions on Monday i.e. tomorrow around noon time or around 14428 whichever comes earlier.

And step aside for once.

 

Remember Nifty is relentless. It might do some crazy things from here on.

Now the idea is to either make yourself available for those crazy things or to protect profits.

A prudent trader always tries to protect profits first.

Because one should never trust the move when indicators starts stretching themselves. Missing the move is better than taking unwarranted risk.

If Nifty starts showing craziness then it might be possible that waiting period on sidelines might be longer that initially expected.

Till then digest the profits.

 

Trade accordingly.

 

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

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