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 :- 30.05. 2021                                 NIFTY SPOT : 15435.65

                                                                                                         

Hi Readers

 

First of all I am Happy to inform you that we have created our You Tube Channel. Name of the channel is My Money Mind.

Link for the You Tube channel:-

https://www.youtube.com/channel/UCdPxcgXXKLV15NL6H_VcQwQ/videos

 

Now the regular Blog:-

 

Nifty moved up and made a high of 15463 and closed at 15435.

It was mentioned in my previous blog to just book profits and step aside at around 15200.

 

Now what :-

Now in the coming week also I will remain step aside.

Nifty is making rising wedge pattern on daily charts.

Why I am saying that I would step aside is because in the last many days in the up move Nifty is not giving big green candles and together with rising wedge it shows that Nifty may at any time give dodge.

Thus we do not want that our readers get any dodge if that rising wedge pattern had its say.

Thus this week also just step aside and enjoy from sidelines.

 

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:- 23.05. 2021                                 NIFTY SPOT: 15175.30

                                                                                                         

Hi Readers

 

First of all I am Happy to inform you that we have created our You Tube Channel. Name of the channel is My Money Mind.

Link for the You Tube channel:-

https://www.youtube.com/channel/UCdPxcgXXKLV15NL6H_VcQwQ/videos

 

Latest Video link is below:-

https://www.youtube.com/watch?v=28BcWBjt7cE

 

Now the regular Blog:-

 

Nifty moved as was mentioned in my previous blog.

It was mentioned that above 14851 Nifty is Bullish

And in first 3 days Nifty will decide its path.

Also it was mentioned that for any upside Bank Nifty has to support it. Without it upside is not possible.

 

Now what:-

Now Since Nifty and Bank Nifty has given an up move and the move was very good in one week itself.

I would like to book profits here and step aside.

Nifty is on the verge of making Flag pattern on Monthly charts and up with handle pattern on daily charts.

But let Nifty complete the pattern.

Cup with handle pattern together with monthly expiry may bring good volatility.

Trade Accordingly.

 

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 :- 16.05. 2021                                 NIFTY SPOT : 14677.80

                                                                                                         

Hi Readers

 

First of all I am Happy to inform you that we have created our You Tube Channel. Name of the channel is My Money Mind.

Link for the You Tube channel:-

https://www.youtube.com/channel/UCdPxcgXXKLV15NL6H_VcQwQ/videos

 

Please Subscribe and share the same

 

Here you will get all the knowledge about :

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Now the regular Blog :-

Nifty moved in the range and respected our level of 14643.

It was mentioned that below it Nifty is weak.

It was mentioned to just step aside from the Markets for the week.

Midcap stocks came down like anything.

 

Now what :-

Now in the coming week also Nifty is expected to be volatile and it is expected that in this week itself Nifty will decide its path.

For that keep in mind the level of 14643 below it Nifty is weak and on the upside 14851 above it Nifty is bullish.

I personally expect that in the next 3 days Nifty might decide its path.

Thus the strategy is to be cautious initially and keep in mind the levels mentioned and play accordingly.

And specifically for the upside keep an eye on Bank Nifty. For any upside Bank Nifty has to support it.

 

 

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 :- 09.05. 2021                                 NIFTY SPOT : 14823.15

                                                                                                         

Hi Readers

 

Nifty tried to come down and made a low of 14465 but then rebounded and closed at 14823.

Not giving respect to our sell trade view.

Thus the positions should have been exited latest by the end of the week at 14823.

Rare phenomenon that Nifty moving different to the view mentioned.

 

Now what :-

Now since the Nifty is moving up. Thus it is better to either step aside and sit on sidelines.

Professional traders can look for small buying possibilities for that they should keep in mind the level of 14643 in mind below this Nifty is weak.

 

The down move as was mentioned in my previous blog is postponed by Nifty but the worry for Nifty is that when it will come back again it might be with double force.

 

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 :- 02.05. 2021                                 NIFTY SPOT : 14631.1

                                                                                                         

Hi Readers

 

As mentioned in my previous blog that Nifty may give a short covering and the first 3 days are best time for short covering.

And if it starts than go and get into that. The short covering gave a decent playable movement.

And Simultaneously we maintained that overall Nifty is sell on rise.

 

Now what :-

 

Since the short covering lasted for 3 days as was mentioned . The next movement is expected to be in the overall direction of trade i.e. down.

 

Keep playing the sell trade on sell on rise Nifty.

Targets on lowers side are open.

 

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

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