Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 29.11. 2022                        NIFTY SPOT   19889.70

 

Hi Readers,

It was mentioned that Nifty will take a breather same happened.

Also it was mentioned that Nifty will find resistance at 19888 and Nifty closed at 19889.

 

Now What:-

As mentioned in previous week, Nifty is at the resistance level of 19888 and now the resistance for the coming week shall be 19976. Sustain above it will help Nifty break 20000. But till the time it does not happen Nifty is supposed to face the resistance. Interesting thing happened yesterday was that Bank Nifty which is weak has also reached near the resistance level of 43990. Thus in coming days Bank Nifty will hold the key. If Nifty has to go up then Bank Nifty shall start trading above 44000 and that will be one of the indication that till it is above 44000 then Nifty might trigger a short covering. But un-till that, resistances can have their impact an force them come down.

Trade Accordingly.

Note: the blog is update on Wednesday 29/11/2023 at 8.08 a.m. before the market open.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20.11. 2022                        NIFTY SPOT   19731.80

 

Hi Readers,

Nifty went up last week to close at 19731.

Nifty is making Flag formation on monthly charts. Breakout yet to come.

 

Now What:-

Majority of the mid cap stocks are showing strength, But the weightage stocks are showing they are nearing resistance.

Thus, in the coming week volatility will be there.

For the coming week 19888 will act as resistance and 19575 will act as support.

Overall Nifty made double top formation an below 19247 Nifty is in sell zone. Thus till Nifty is between 19247 and 20222 it is traders game. Both buy and sell possibilities will be there. In coming week Nifty is expected to take breather.

Trade Accordingly.

Note this blog is updated on 20/11/2023 at 8.09 am before the market open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 25.10. 2022                        NIFTY SPOT   19281.70

 

Hi Readers,

Nifty gave respect to our tussle zone level of 19713 and faced resistance and came down.

 

Now What:-

Now Nifty is weak and the texture is sell on rise.

Keep looking for selling possibilities on every rise as of now.

Trade Accordingly.

Note the blog is updated on 25/10/2023 at 8.22 am before the market open

 

 Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 09.10. 2023                        NIFTY SPOT   19653.50

 

Hi Readers,

Nifty rebounded exactly from the area we mentioned.

Hope readers would have enjoyed the same.

 

Now What:-

Now for the coming week 19713 will be an important resistance rather tussle zone. Till Nifty is below it, resistance will force volatility, in any case coming week is expected to be volatile.

Trade accordingly

This blog is updated on Monday 09/10/2023 at 9.16 am before the market opens.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 03.10. 2023                        NIFTY SPOT   19638.30

 

Hi Readers,

Nifty was range bound in the last week. Hovering around 19650.

 

Now What:-

Now in the coming week also it is expected to be mildly bearish with range bound bias.

At the start of the week it is expected to be mildly bearish and on downside 19428 around levels can be expected but after that, levels between 19234 and 19428 will act as tussle levels for bulls and bears. Sharp Range bound movements may be possible between that range.

Trade Accordingly.

Note this blog is updated on Tuesday, October 03, 2023 at 8.37 am before the market open. October 02, was National Holiday.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 18.09. 2023                        NIFTY SPOT :   20192.35

 

Hi Readers,

Nifty moved up and gave a breakout of “N” formation on weekly charts.

 

Now What:-

Now the texture of Nifty is buy on dips.

Many stocks are making “Cup with Handle” pattern.

Thus keep buying dips on Nifty for the week till Nifty is above 19878

Trade Accordingly.

Note this blog is updated at 8.09 am on Tuesday 18/09/2023 before the market open.

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 05.09. 2023                        NIFTY SPOT :   19528.80

 

Hi Readers,

Nifty moved as per the chart analysis.

Firstly it took resistance at 19412 and came down 200 points and after that it again rebounded on Friday on News and closed above 19412 and in that scenario it was mentioned to buy and keep the stop loss of 19359.

 

Now What:-

Nifty closed at 19528. Book profits from buy position at 19528 and just step aside for the week.

This week is now expected to be all over the place and both up and down movements are expected.

Option seller will be more active in this week.

Trade Accordingly.

Note this blog is updated at 8.59 am on Tuesday 05/09/2023 before the market open.

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.08. 2023                        NIFTY SPOT :   19265.8

 

Hi Readers,

Nifty respected the resistance level.

Our level was 19610 and Nifty took Resistance at 19599 and came down.

 

Now What:-

Now till Nifty is closing below 19412 it is sell on rise.

However it is expiry week and movement in expiry week are normally volatile.

Strategy is very simple till Nifty is closing below 19412 sell on rise and if it closes above 19412 then 19359 will be a support.

Trade Accordingly.

All the levels are of Nifty spot always.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 21.08. 2023                        NIFTY SPOT :   19393.60

 

Hi Readers,

Nifty closed at 19393.60, Nifty came down as expected and 19688 resistance held and Nifty came down.

Now What:-

In the coming week Nifty is expected to trade in range wherein 19610 on the up side will act as resistance for the week and 19125 on the downside will act as support.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-07.08. 2023                         NIFTY SPOT :   19517

 

Nifty took the resistance and came back.

Now What:-

IN the coming week till Nifty is below 19648 the coming week is expected to trade with bearish bias.

Thus I will look for sell on rise possibilities till Nifty is below 19648 with the stop loss if 19688.

Trade Accordingly.

The blog is updated on Aug 07, 2023 at 8.16 am before the market open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-24.07. 2023                         NIFTY SPOT :   19745

 

Nifty faced resistance exactly at our resistance level of 19978 and came down.

Now What:-

This week Nifty is expected to be range bound with slight bearish bias.

19567 will act as support and 19883 will act as resistance for the week.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-19.07. 2023                         NIFTY SPOT :   17790

 

Nifty never came below 18352 and thus showed the strength

Now What:-

The strength is expected to hold.

19978 will be a resistance on the up side and on the down side 19611 will be support.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.07. 2023                        NIFTY SPOT :   19331.60

 

Hi Readers,

Nifty closed at 19331.60, and the breakout of ascending triangle pattern is working for Nifty.

 

Now What:-

In last week after going up Nifty has made shooting star pattern on weekly charts and bank nifty also made the same.

Thus this week is expected to be cautious and try to find selling possibilities only if Nifty is below 19352 if however Nifty goes and remains above 19352 then do not sell at all for coming week.

The idea for the week is loo for selling possibilities if Nifty is below 19352 again and again.

 

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 02.07. 2023                        NIFTY SPOT :   19189.05

 

Hi Readers,

Nifty closed at 19189.05, moved up sharply triggered by short covering and gave a breakout

Now What:-

Nifty has given a breakout of ascending triangle pattern above 19112.

Now Nifty is buy on every dip. Major support is now at 18842.

 

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 25.06.2023                         NIFTY SPOT :   18665.50

 

Hi Readers,

Nifty closed at 18665.50 could not cross 18900 as was mentioned in my previous blog.

 

Now What:-

I would like to bring my neck up for shorting Nifty here at 18665 with the stop loss of 18812.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 19.06. 2023                        NIFTY SPOT :   18826.00

 

Hi Readers,

Nifty moved up and closed at 18826.

Nifty showed strength in-spite of heavy call writing, which is a good sign.

 

Now What:-

Nifty is showing strength and also on the verge of breakout of big ascending triangle pattern.

The breakout will be at 18912.

It is expected that the coming week will be range bound, as immediately after the breakout Nifty might not go up run away. Thus in this week both up and down movements though small, which may call as tussle may be there.

Trade accordingly.

Note this blog is updated at 9:04 am on Monday i.e. 19/06/2023 before the market open.

 

 

                       

                         Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.06. 2023                        NIFTY SPOT :   18607.55

 

Hi Readers,

Nifty closed at 18565.65 .

Now What:-

A small trade can be tried at this level with  strict stop loss of 18693 closing basis.

Trade Accordingly.

The blog is updated during market hrs at 11.15 am on 12/06/2023

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.06. 2023                        NIFTY SPOT :   18599.00

 

Hi Readers,

Nifty closed at 18599 and preparing for expiry tomorrow.

Now What:-

Till the time Nifty is above 18444 it will show the bullishness and remain in strength.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 22.05. 2023                        NIFTY SPOT :   18203.40

 

Hi Readers,

As soon as Nifty closed below 18264 it fell down to 18060 giving respect to our analysis

 

Now What:-

View is still the same.

Below 18264 Nifty is weak.

But this Rs 2000 note news might create volatility in markets.

As sometimes problem of plenty/consensus creates problem.

But still the technical levels are technical levels and we have to follow them.

Thus keep holding the short position with a stop loss of 18371.

Trade accordingly.

.Note this blog is updated at 8.53 am on Monday i.e. 22/05/2023 before the market open.

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 14.05. 2023                        NIFTY SPOT :   18314.80

 

Hi Readers,

Nifty respected our levels and never closed above 18344.

 

Now What:-

The coming week is expected to be volatile, break and close above 18371 will give impetus to buying with tight stop loss below 18288 and close below 18264 might try small sell trade with stop loss of 18371.

 

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.05. 2023                        NIFTY SPOT :   18265.95

 

Hi Readers,

I was occupied somewhere as thus was not able to write the blog in between.

But now on it will be updated every Sunday.

 

Now What:-

Nifty is trading at 18265 and in the current week it is expected that the upside may be restricted to 18344 and it will continue in range bound movement.

Trade Accordingly.

 

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 17.04. 2023                        NIFTY SPOT :   17828

 

Nifty respected the range and closed at the upper end of the range.

Now What:-

Nifty is expected to face resistance at 17898 around levels and the coming week is expected to be dull or range bound week with resistance at 17898.

Trade Accordingly.

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.04. 2023                        NIFTY SPOT :   17599.6

 

Hi Readers,

Nifty closed at 17599.6, It started its move with the gap up.

 

Now What:-

Till the time the gap is holding it will keep giving strength to Nifty.

The coming week is expected to be range bound with 17810 as resistance on up side and 17460 as support.

Range bound movement is expected.

Note :This blog is updated in the mid night of 09/04/2023 at 12.02 am i.e. 00.02 am on 10.04.2023

 

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 26.02. 2023                        NIFTY SPOT :   17465.80

 

As soon as Nifty broke 17803. Nifty started falling and below 17697 it became week and fell more and made a low of 17421 to close at 17465.80

Now What:-

Nifty is weak and the texture is sell on rise, more downside can be expected.

Trailing stop loss for the short positions is 17667.

Trade Accordingly.

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20          .02. 2023                        NIFTY SPOT :   17944.20

 

Nifty went up as mentioned and never closed below 17697 thus remained bullish. It made a high of 18134 and readers would have made profit

Now What:-

View is same till it is above 17803 stay bullish.

Now the trailing stop loss is 17913.

. Trade Accordingly.

This blog is updated at 9.16 on Monday 20.02.2023

Just at the market open

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.02. 2023                        NIFTY SPOT :   17764.60

 

Nifty was volatile as expected due to budget.

But remained there only.

Budget ultimately became non event.

Now What:-

For this week, above 17803 Nifty may try to rebound and professional traders can play the same with the stop loss of 17733. However if Nifty goes below 17697 then it might become week and can be shorted with the stop loss of 17767.

This blog is updated on 07/02/2023 Tuesday at 7.26 am before the market open.

Trade Accordingly.