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.