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.