STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday 15 May 2022

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.05. 2022 NIFTY SPOT :15782.15

Hi Readers,

Nifty fell and closed at 15782.

Now What :

Nifty is in oversold zone and technically rebound can come any time.

Risk reward ratio for further selling run through is not in favour.

The strategy for the week shall be to look for rebound and keep booking small profits intraday only.

Because the technical setup is very weak.

How much rebound shall last no body knows.

Thus keep playing rebound and keep booking profits again and again.

Once oversold situation is over, then the structure will be important if Nifty is able to make any strong bullish pattern then only the view will change.

Trade Accordingly.

No comments:

Post a Comment

Disclaimer:

The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.