STOCK MARKET VIEW BY SACHIN AGGARWAL

Monday, 22 May 2023

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.

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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.