Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 08.08. 2021                        NIFTY SPOT :16238.20                   

 

Hi Readers

Nifty as soon as it crossed 16902 it did not looked back.

It went up in style and made a high of 16349 and closed at 16238.20.

Hope readers would have enjoyed it.

This is the quality of technical analysis it helps you to enter into the trade at right time and also helps you when to stay on side lines.

 

Now What:-

Keep holding the long position with the trailing stop loss of 16066.

This move seems to be having more upside possible.

Obviously keep booking part profits on periodical basis as I always say “Profit Who hai joh ghar aa gaya”

Bank Nifty is also making rectangle pattern, where Nifty has given breakout Bank Nifty has still to give the breakout.

Keep an eye on that, its breakout will give further impetus to Nifty.

Trade Accordingly.