Nifty Blog by CA. Sachin Aggarwal
Dated :- 19.12.
2021
NIFTY SPOT 16985
Hi Readers,
Nifty fell in
the last week as it broke 17418.
Bank Nifty was
the weakest of the lot.
It was
mentioned that below 17418 no confidence in buying and 17218 is important
support.
As soon as the
support broke Nifty fell sharply.
Now What:-
Now Nifty will
remain weak and that 17218 will act as important resistance now. Below it the
texture is sell on every rise.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 12.12.
2021
NIFTY SPOT 17511
Hi Readers,
Nifty gave a
smart rebound with gap on daily chart.
Now What:-
Now, till the
time the gap holds on Nifty it can give more upside.
Now the level
of 17218 on the down side will act as an important support level.
PSU banks are
giving boost to Bank Nifty.
In the coming
week till Nifty is above 17418 the urge to look for buying possibilities will
be strong together with the eye on PSU banks if they are holding steady and
Nifty holding above 17418 the view is on. Else just step aside.
Because the gap
will not allow us to short in coming week and below 17428 the confidence will not
be strong for buying.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 06.12.
2021
NIFTY SPOT 17196
Hi Readers,
Nifty came as
was mentioned but closed at 17401 and then again fell from there.
Now What:-
I will keep
looking the selling possibilities in Nifty.
This is not
the time when I will look for bottom fishing on dips.
Till the time
Nifty does not show any sign of strength I will keep looking for selling
possibilities.
Trade
Accordingly.
Note the blog
is updated on 6th December, 2021 at 00.42 am early morning and late
night of December 05th , 2021
