Nifty Blog by CA. Sachin Aggarwal
Dated :- 27.09.
2021
NIFTY SPOT :17853
Hi Readers,
Nifty gave a
sharp dip and made a low of 17326 then again moved up came back to close at
17853. Thanks to the China News.
Now What:-
View is same
Would not like
to be aggressive buyer in Nifty
Would like to
step aside and watch Nifty’s movement.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 19.09. 2021
NIFTY SPOT :17585.15
Hi Readers
Nifty gave a
sharp rise and then came back to close at 17585.
Last week the
small short trade did not work out.
But RSI stays
above 81 on daily chart.
Now What:-
Now also view id
same.
I will not be
a buyer in Nifty but would like to stay on side lines and wait for the movement
of Nifty.
Further I will
again look for small selling possibility in Nifty till it stays below 17692 but
above 17692 just step aside.
Keep an eye on
Bank Nifty. Because it is not yet giving signs of weakness.
If it starts showing
signs of fatigue then the Nifty may come down with speed.
RSI above 81
and fatigue on shorter time frame charts is expected to have its impact on Nifty.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 12.09.
2021
NIFTY SPOT :17369.60
Hi Readers
Nifty did not
move anywhere and stayed in the range with RI above 81.
A rare phenomenon
that above 81 RSI Nifty is staying at higher levels.
Now What:-
Till now we were
of the view to stay on side lines and wait for the movement of Nifty.
But now Nifty
has stated showing fatigue, Now, I will be look for selling Nifty with the stop
loss of 17468 closing basis.
Because the
RSI above 81 and fatigue on shorter time frame charts are visible.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 05.09.
2021
NIFTY SPOT :17323.60
Hi Readers
Nifty moved up
with bang supported by Bank Nifty.
Now What:-
We were on
side lines for the week.
But on Monday
of the Week Bank Nifty gave a breakout of the range.
But as per our
policy when RSI of Nifty is above 80 zone we prefer to step aside and sit on
side lines.
No matter if
one or two week move missed.
For the coming
week also stay on side lines as RSI above 81 is not an area where we want to
create fresh longs.
Trade
Accordingly.
