Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.03. 2022                        NIFTY SPOT   16245.30

 

Hi Readers,

Nifty came was as was mentioned by me in my previous blog.

It was mentioned that till it is below 17171 the structure is sell on rise.

Same Happened.

 

Now What:-

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

Nifty chart is weak.

Keep selling on every rise.

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

The coming week is news heavy week where U.P. exit polls and Election results will also come. Be ready for Volatility and sharp moves also.

Trade Accordingly.

Note this blog is updated on March 07,  2022 at 00.59 a.m. i.e. late night of March 06, 2022 before the markets open.