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.