Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 02.01. 2023                        NIFTY SPOT :   18165

 

Hi Readers,

First of all Happy New Year to all.

I pray to Maa Durga to Shower   all her blessings on you and your family.

Nifty is holding at around 18100 levels.

Which might be the indication that Nifty wants to hold here.

Now What:-

We do not want to start the year with short positions.

Nifty is holding at 18100 around levels and at present at 18165 i.e. at 10.41 am on 02.01.2023.

Thus better to book profits in all short positions and wait for Nifty to play around.

Bank Nifty will hold the key for Nifty’s movement.

New short positions will only be opened below 17878.

Till then Nifty may move in a range with positive bias.

If Nifty holds 18053 which it is doing right now, professional traders may also look for small buying possibilities also for trading purposes.

Trade Accordingly.

This blog is updated during live market at 10.41 am on 02.01.2023