Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 13.12. 2022                        NIFTY SPOT :   18497.15

 

Hi Readers,

Nifty slowly came down and closed the week at 18497 and on Monday also closed at 18497.15.

Which is below the level of 18543 thus all positions are booked out (trailing SL) and closed.

 

Now What:-

Now still the chart is not looking week.

Nifty has strong support at 18288 and till that is holding it is expected that Nifty will keep giving bouts of up move again and again.

Thus I will look for that level curiously and look for buy on dips possibilities in Nifty in the coming days. I will also like to see that, if Nifty wants to give respect to 18288 and move up, then, it is expected that it should do it in coming days. Else with the passage of time the strength of 18288 will keep shedding.

Trade Accordingly.

Note this blog is updated on 13.12.2022 at 7.42am before the Market open.