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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