STOCK MARKET VIEW BY SACHIN AGGARWAL : August 2022

Sunday 28 August 2022

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.08. 2022 NIFTY SPOT 17558.90

Hi Readers,

Nifty gave respect to our resistance area and support area.

During the week Nifty faced resistance exactly at our mentioned level and fell from there.

Now What:-

In the coming week Nifty is expected to be weak and below 17458 its character will be sell on every rise.

In the coming week till Nifty is below 17458 I will look for selling possibilities with a stop loss of 17519 and 17558 closing basis.

Trade Accordingly.

Nifty Blog by CA. Sachin Aggarwal

Dated : 22.08. 2022 NIFTY SPOT 17490

Hi Readers,

Nifty faced resistance on RSI above 82 and fell from there. For Index RSI above 82 is resistance zone.

Now What:-

Now for the coming week 17693 will act as resistance and 17268 will act as support.

He coming week is also monthly expiry week also.

Trade Accordingly.

Nifty Blog by CA. Sachin Aggarwal

Dated :-16.08. 2022 NIFTY SPOT 17825.25

Hi Readers,

Nifty kept moving up and the resistance of 17550 was crossed as if nothing stopping.

Now What:-

Nifty is in strong hands right now and as of now it is moving up relentlessly.

The overall structure is buy on dips.

But since Nifty and Bank Nifty RSI on daily charts is above 82 dips are also not ruled out.

Trade Accordingly.

This blog is reposted just to correct the typo error in last line of date.

Blog is updated on August 16, 2022

Nifty Blog by CA. Sachin Aggarwal

Dated :-16.08. 2022 NIFTY SPOT 17825.25

Hi Readers,

Nifty kept moving up and the resistance of 17550 was crossed as if nothing stopping.

Now What:-

Nifty is in strong hands right now and as of now it is moving up relentlessly.

The overall structure is buy on dips.

But since Nifty and Bank Nifty RSI on daily charts is above 82 dips are also not ruled out.

Trade Accordingly.

This blog is updated on July 25, 2022 at 8.16 a.m. before the market open.