Nifty Blog by CA. Sachin Aggarwal
Dated :- 04.08. 2024 NIFTY SPOT 24717.70
Hi Readers,
I was occupied in many works and was not able to write the blog the schedule was quite hectic for me in last few months.
From today again we are back and you will find the blog on regular basis.
Now What for Next Week:-
Nifty has made a bearish gap and the texture is that till Nifty is below 25055 It will trade with bearish bias and traders should look for selling possibilities as and when they get the same they should capitalize the same.
In the coming week, It will be interesting to see how Nifty behaves at around 24510 levels (which is a support for next few days) break and trade below this level will open doors for more downside.
It is expected that the coming week shall
Trade Accordingly.
Note: All levels are of Nifty Spot always.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 13.05. 2024 NIFTY SPOT 21954
Hi Readers,
Nifty has a support at 21801 for the current week. Together with the support of averages I would like to book from the short positions at current level and wait for the rebound in coming days. Frankly, till 21801 is not taken out Nifty can either consolidate or rebound in coming days.
Trade Accordingly.
Note : This blog is updated at 9.31 am during the market on Monday 13.05.2024
Nifty Blog by CA. Sachin Aggarwal
Dated :- 10.03. 2024
NIFTY SPOT 22493
Hi Readers,
I was too occupied and was not able to write the blog for last 3
months
Now, the blog will be updated regularly.
Now What:-
In the coming week Nifty is expected to trade with slight
bullish bias.
For the coming week Nifty will remain in buy on dips zone till
it is above 11345.
Financials and Insurance sector are likely to be the leaders in the
coming week.
Trade Accordingly.
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 :- 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 :- 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.
