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.