Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 25.04. 2021                                 NIFTY SPOT : 14341.35

                                                                                                         

Hi Readers

 

As mentioned in my previous blog Nifty came down and made a low of 14218 and closed at 14341.

 

Now what :-

 

In the coming week the chart structure is very interesting.

Where on one hand we maintain that the overall Nifty is sell on rise.

But on the other hand the doji on weekly charts and resilience by Nifty to break 14200, together with the short term indicator at make or break level. The coming week, might prove to be a, full body candle week either green or red.

Thus the idea is to play with the direction, and in case any short covering, if it starts then one should try to participate in that. But only once it starts with small stop loss.

 

Thus the trade setup is to wait and let Nifty come down because the down moves will be sharp and can be relentless also. But if any short covering starts then try to participate in that short covering with small stop loss. The next two - three days are best time for short covering if it has to come.

 

 

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

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Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 18.04. 2021                                 NIFTY SPOT : 14617.85

                                                                                                         

Hi Readers

 

As mentioned Nifty was volatile during the previous week.

And Nifty came down to make  a low of 14248 and then  rebounded as per the volatility to close at 14617.

We have been mentioning from last few weeks that Nifty is weak and we are not interested in buying rather just step aside.

 

As always Charts normally give indications in advance.

 

Now what :-

The view is still the same.

Charts are not showing the strength.

Now as per the charts index seems to be waiting for some news to come for next bought of weakness.

Till then it will remain in the volatile zone.

But overall not too much interested in buying and will either keep looking for selling possibilities or just step aside.

 

Now specifically for this week if Nifty closes and stay above 14709 then I will avoid looking for sell trades. This is only for this week as very short term indicators will be in conflict with those of medium term indicators above 14709.

 

 

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

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Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 12.04. 2021                                 NIFTY SPOT : 14834.85

                                                                                                         

Hi Readers

 

As mentioned Nifty was volatile during the previous week.

 

Now what :-

 

View is still the same.

Till the time Nifty is below 14927

It will tend to show the bought of weakness again and again.

It has to close comprehensively above 14927 for us to think that it might want to show strength.

 

Again as was mentioned in my previous week Bank Nifty is weak.

Till the time both the above things does not show any sign of strength. The view will remain same.

 

Note that the blog is updated on 11/04/2021 late night after midnight that is why the date is 12/04/2021

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

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Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 04.04. 2021                                 NIFTY SPOT : 14867.35

                                                                                                         

Hi Readers

 

As mentioned Nifty was volatile during the previous week.

 

Now what :-

 

View is still the same.

I will remain step aside from Nifty.

Although Nifty has started showing signs that if Nifty is able to hold 14927 in this week then it might regain the strength.

But the culprit is Bank Nifty. If Nifty has to show courage Bank Nifty has to support the move.

 

Thus let indicators decide their movements.

Actually the indicators are flat which gives rise to volatile moves which is happening.

Till the time Nifty does not regain strength just stay aside.

 

This blog is updated again just to correct the level as 14927 which was mistyped as 15927. The level is 14927.

 

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

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

 

Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 04.04. 2021                                 NIFTY SPOT : 14867.35

                                                                                                         

Hi Readers

 

As mentioned Nifty was volatile during the previous week.

 

Now what :-

 

View is still the same.

I will remain step aside from Nifty.

Although Nifty has started showing signs that if Nifty is able to hold 15927 in this week then it might regain the strength.

But the culprit is Bank Nifty. If Nifty has to show courage Bank Nifty has to support the move.

 

Thus let indicators decide their movements.

Actually the indicators are flat which gives rise to volatile moves which is happening.

Till the time Nifty does not regain strength just stay aside.

 

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

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