STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday, 18 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.02. 2018 NIFTY SPOT : 10452.30

Hi readers,

Nifty moved in a range in the week.

And it obliged us by respecting the level of 10611. It made a high of 10618 in the week and fell from there.

It was clearly mentioned that below 10611 there is comfort level of selling

Nifty.

Although we expected more downside from there, Nifty may give that downside in coming week.

Now What :-

My view is still the same.

Remain Short on Nifty and keep looking for selling opportunities and look for lower levels to come. Which in the medium term can be more deeper than people expect.

Comfort level of selling Nifty remains 10611.

For clarity even above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

No hurry and no urge to buy at all. Because for that it has to come in buy zone.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 11 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.02. 2018 NIFTY SPOT : 10454.95

Hi readers,

Nifty has rewarded the readers of the blog with both hands.

Readers would be remembering that it was mentioned in the previous blog to book full profits for once below 10600 or latest by Tuesday.

Nifty made a low of 10276 on Tuesday itself.

And after that it was all over the place for the next 3 days of the week.

Now What :-

Read the below lines carefully.

Till Nifty is below 10837 the overall structure of Nifty is sell on rise. We will maintain our stance of selling on every rise.

And till it is closing below 10611 Nifty is in a comfort sell zone and lower levels are expected and those lower levels can be deeply lower also.

For clarity above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

This 10837 level will keep on decreasing/trailing in the coming weeks i.e. weeks because it is from weekly charts.

No hurry and no urge to buy. Because for that it has to come in buy zone.

The only thing is that since the mid caps have fallen badly Nifty may want to spend few time here. But that will only be to force the weak hands to exit their short positions.

I want to highlight a technical indicator here and that is RSI on weekly charts. RSI has broken the its lows on weekly charts together with the fall in Nifty. RSI is at its 52 week low. Not a good sign for Nifty for coming weeks and months. More panic will be in store.

The coming week can be very naughty. We expect an full green or full red body candle in the coming week. Because it co-insides with the volatility which is expected because of the mammoth fall in mid caps.

For short term traders the trick to play the coming week is to keep the open of the week in mind i.e. weekly open on Monday. And play it carefully. Few points above the weekly open (say around 40-50 points) do not short sell Nifty for the week because in that if Nifty makes green candle you are saved. And if it makes red candle then it will have to come below its open where you can look for selling possibilities.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

This blog is updated again just to correct the typing error of Nifty closing level of previous week at top right hand side. It is 10454 and not 11454.

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.02. 2018 NIFTY SPOT : 11454.95

Hi readers,

Nifty has rewarded the readers of the blog with both hands.

Readers would be remembering that it was mentioned in the previous blog to book full profits for once below 10600 or latest by Tuesday.

Nifty made a low of 10276 on Tuesday itself.

And after that it was all over the place for the next 3 days of the week.

Now What :-

Read the below lines carefully.

Till Nifty is below 10837 the overall structure of Nifty is sell on rise. We will maintain our stance of selling on every rise.

And till it is closing below 10611 Nifty is in a comfort sell zone and lower levels are expected and those lower levels can be deeply lower also.

For clarity above 10611 we are now worried at all because the sell zone of Nifty is below 10837. But obviously above 10611 we will be careful but not worried at all.

This 10837 level will keep on decreasing/trailing in the coming weeks i.e. weeks because it is from weekly charts.

No hurry and no urge to buy. Because for that it has to come in buy zone.

The only thing is that since the mid caps have fallen badly Nifty may want to spend few time here. But that will only be to force the weak hands to exit their short positions.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 4 February 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.02. 2018 NIFTY SPOT : 10760.60

Hi readers,

Kudos Again.

Nifty fell and fell hard as was expected and predicted in advance in my previous blog dated 28-01-2018.

It was clearly mentioned to sell Nifty below 11002.

It was also clearly mentioned that Nifty is waiting to come down. And be always ready to Sell Nifty below 11002.

Now today people are bamboozled that Nifty is falling hard and fast. And midcaps are butchered like anything as if their companies are shutting down and there is no tomorrow.

It was all in the technical indicators that Nifty is about to fall. That was why I also mentioned that I will not at all buy Nifty come what may.

Writing such a big thing before big event like budget is not easy thing to do. Because Image, Respect and Name is at stake. One can write that only if one has confidence on his analysis.

Like always before this time also the correction point in Nifty was predicted in advance.

This is the power of technical analysis.

Technical analysis is first to be not on the wrong side of the trade and then to be on the right side of the trade.

I hope that readers would have enjoyed the fall.

Now What :-

Keep your Short positions intact till now.

And on Monday in first two hours book half of the profits without been greedy.

And for the balance half position try to book full profits around 10600 around levels plus/minus few points for once or by Tuesday latest for once and step aside.

Though I hope Nifty may even go down further but there is no limit to greed and opportunities will keep on coming.

Because whenever the big profits come in quick time do not forget to bring it home.

As I always say “ Profit Who Hai Jo Ghar Aa Gaya”

Enjoy the profits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 28 January 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.01. 2018 NIFTY SPOT : 11069.65

Hi readers,

Nifty moved up in the week.

Although we maintained our view not to buy in that week.

Same was also reflected in the Mid cap Index which was down and out and all over the place.

Nifty was up in the week and most of it might be due to expiry.

Nifty is in the overbought zone. And waiting for correction to happen. But the point is that it is giving only time correction again and again. Moves up and stays there for some time and again moves up.

Thus the overbought indicators are not having their impact.

Because remember one thing that whenever Nifty is overbought, it just have to give the correction and if it starts spending time their then the overbought indicators acts as the fuel for Nifty to go up.

Same is happening now also.

Chart attached. You can see in the chart that the line above the price when touched correction is inevitable. But Nifty and Bank Nifty is not touching that line.

Now What :-

For the coming week.

Well as a policy since Nifty is in overbought zone and RSI is above 80 just recently violated the -ve divergence zone. I will still stay away from buying and just step aside and watch Nifty from the side lines and will not be a buyer at all.

Although Nifty is showing that it is capable to touch even 11300.

But Rather below 11002I will look for correction. Because I always believe that indicators are your friends. Never trade against indicators.

Also in this week we have budget also.

Thus stay light and stay on side lines and keep yourself always available for the correction when ever indicators provide that.

Without and correction I will not be a buyer in Nifty. Come what may.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 21 January 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.01. 2018 NIFTY SPOT : 10894.70

Hi readers,

Nifty moved up as was mentioned in my previous blog dated Jan 14, 2018.

Wherein it was mentioned to be a buyer when Nifty is above 10698 and Bank Nifty is above 25875. Because above these levels Bank Nifty can surprise on the up side.

And the same happened. As soon as Bank Nifty moved above 25875 it never looked back and moved up up and away and made a high of 26957 and closed at 26909.

More than 1000 points in Bank Nifty and more than 200 points in Nifty.

This is the power of Technical analysis.

Now What :-

Now again the time has come to just step aside from Nifty and Bank Nifty.

Rather I will be looking for possibilities for correction in the coming week.

I will not be a buyer in coming week rather look for correction.

Trade Accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 14 January 2018

Nifty Blog by CA. Sachin Aggarwal

Dated :- 14.01. 2018 NIFTY SPOT : 10681.25

Hi readers,

Nifty has closed at 10681.25 making Doji's and Hanging man's consequently on daily charts for last 4 days.

One sided move was expected on either side by Nifty this week and it was there. Nifty has made green full body candle.

Although we wanted it to come down and make a red candle. Nifty chose to make green candle.

Important observation is that Nifty has made a gap up on weekly charts.

And charts are showing sustained up move.

Now the levels in Nifty is moving upwards. Till last week it is 10450, below which Nifty is complete sell. Now it is below 10562 below which Nifty will be in a sell zone and below 10596 Bulls will not want to be holding long positions.

And aggressive traders like us would start finding possibilities of Short selling below 10596.

One another thing everybody has to keep in mind is, that, for Bank Nifty keep these 2 levels in mind. Below 25525 stay on sell side. And in case Bank Nifty stays and closes consecutively above 25875 please do not think of shorting Nifty and Bank Nifty because in that case Bank Nifty can show some surprises on upside.

Thus we need to have the combinations of Nifty below 10562 or below 10596 for aggressive traders and Bank Nifty below 25525 to go short for the trade to be fruitful.

Else, till Nifty is above 10698 and Bank Nifty is above 10875 either be a buyer for small profits intraday or step aside.

The coming week is expected to be very volatile one where volatility is expected to increase.

The upside in Market is expected to be rented one which will be followed by reasonable fall in Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Disclaimer:

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.