Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.02. 2022                        NIFTY SPOT   16658.40

 

Hi Readers,

Nifty was down with a bang when it broke 17171. Hope readers would have enjoyed the severe fall.

Nifty made a low of 16216 and after that rebounded to close at 16658.

Same was the case in Bank Nifty.

Our levels worked very well and Nifty and Bank Nifty respected the levels.

 

Now What:-

Now in the coming week also the sell on rise approach would continue.

Nifty will remain weak till it is below 17171.

However with Vix increasing volatile moves are expected.

I will not be looking for positional buying possibilities till the time Nifty does not show any indication that the structure is improving.

Trade Accordingly.

Note this blog is updated on Feb 28, 2022 at 7.42 a.m. before the markets open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20.02. 2022                        NIFTY SPOT   17276

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

Nifty is moving in a range where now 17598 will act as stiff resistance for Nifty.

And on downside till now Nifty is taking support at 17218 our important level for support. But for the coming week the support has shifted to 17171.

View for the week is that below 17171 I will look for selling possibilities and above 17348 I will just step aside.

See my problem area is Bank Nifty, till the time it is below 37930. It is weak.

Thus Nifty above 17348 and bank Nifty above 37930 expect short covering.

But till they are below these zones they will behave in a volatile manner together with the fact that Bank Nifty below 37358 and Nifty below 17171 look for selling possibilities again and again.

 

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 13.02. 2022                        NIFTY SPOT   17374

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

View is still the same

Till 17830 is not crossed no fun buying and till 17218 is not breached will not be willing seller.

Thus just wait and watch.

Below 10218 will look for selling possibilities and above 17830 will look for buying possibilities.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.02. 2022                        NIFTY SPOT   17516

 

Hi Readers,

Budget was virtually non event for the Markets.

 

Now What:-

The view on Nifty is that till the buy zone will emerge once it crosses 17830 and till it is above 17218 the sell comfort is also not there.

Thus the view is to play the range in Nifty with bit of a bullish bias for small trades.

Trade Accordingly.