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.