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.