STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday, 8 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 10.09. 2019 NIFTY SPOT : 10946.20

Hi readers,

Nifty opened at 10960 and went down from their and made a low of 10746, and after that closed at 10946.

Readers would have enjoyed the sell trade. as the view was keep selling every rise.

Now What :-

Now also the overall view is same.

The level of 11088 on closing basis is very important for me for the coming week also.

But for the coming week the urge and confidence to sell is comparatively less.

Thus the coming week would be a week of playing only intraday trades according to the trend on both sides. Which obviously the professional traders can do.

For other the view shall be not to trade and just stay on sidelines.

Because Nifty has made hammer on weekly charts which is indicating that volatile move on both side are expected.

To summarize, the overall view is that till Nifty does not close above 11088 it will not gain strength and thus it should be sell on rise texture.

But for the first time in two months Nifty has shown possibility that it might rebound also. We have been shorting Nifty for last more than two months continuously.

Thus the time has come to be on sidelines as Nifty will become volatile and even rebound in coming weeks.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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Monday, 2 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 02.09. 2019 NIFTY SPOT : 11023

Hi readers,

Nifty went up in the opening part of week giving opportunity to sell and then fell down to allow the readers to book profits.

After that Nifty was volatile.

Now What :-

Nifty is still sell on rise.

But now the level of 11088 on closing basis is very important for me for the coming week.

if Nifty closes above 11088 level then I will not sell Nifty again for the week rather in that case the surprise up move is possible. Till then the texture is sell on rise.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Monday, 26 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 26.08. 2019 NIFTY SPOT : 11794

Hi readers,

Nifty opened up at 11000 and went down to make a low of 10756.

At open it gave clear opportunity to sell as was mentioned in my yesterday's blog.

At present 10794.

Book profits and step aside.

Volatility will be high as Vix has also increased.

Trade accordingly.

Time of updating blog 10.15

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 25 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 25.08. 2019 NIFTY SPOT : 11829.35

Hi readers,

Nifty was went up and then went down.

The only way to play it was the pattern showed in the chart attached in my last blog.

Whosoever played that range of lines would be enjoying the profits.

He would have been able to play on both sides and the down side was good and decent.

Now What :-

Now in the coming week also the views is same sell on rise.

On the upside 11103 remains a tight hurdle for Nifty to cross.

The texture of Nifty is week.

I am again saying that this is not the level to look for bottoms.

More pain is expected in weeks and months ahead.

For the coming week keep using the strategy of sell on rise.

Since the news flow is high I would not like to write about levels for the week because the volatility will be high.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 18 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.08. 2019 NIFTY SPOT : 11047.8

Hi readers,

Nifty was volatile in the previous week as was expected.

Now What:-

In the coming week as per the charts attached Nifty is in range between 10940 to 11084.

Above and below these some more points move on that side is expected.

Nifty has also made a 2 insider day bar pattern on daily charts. Which indicates that 100 - 150 points move is expected in next few days probably in next two three days.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Monday, 12 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.08. 2019 NIFTY SPOT : 11109.60

Hi readers,

First of all "Happy Independence Day" in Advance

Ultimately Nifty gave a rebound which was awaited by charts as they were deeply oversold.

Nifty made a high of 11181 and closed at 11109 on news that Govt. might give some relaxation on FPI taxation issue.

Now What:-

Since the news are floating around and also this week is truncated week due to today's holiday and August 15th holiday.

Only three working days week.

Volatile moves are expected.

Thus it is always better to stay aside in these news flow and truncated week environment.

Just stay in Holiday mood and enjoy the Independence day with full dedication and involvement.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

Sunday, 4 August 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.08. 2019 NIFTY SPOT : 10997.30

Hi readers,

Nifty came down as expected.

Nifty is in hurry to reach the targets.

It was mentioned that below 11000 levels are expected. And Nifty made a low of 10848.95 and then closed at 10997.

It was mentioned that although short term charts are oversold it is not necessary that rebound will come.

As ADX was sloping upwards and the indicators were saying that they want more downside.

For information to readers ADX is the indicator which is used for analyzing trending markets. Till the time is keep sloping up and rising the trend will remain intact. Thus in current case the fall kept coming.

Now What:-

See big candles on downside are important that too when they come below 200 DMA levels and they open more downside.

The overall trend is sell on all rallies.

This is not at all the time and level to look for bottoms formation which some people might be thinking of.

In coming week we also have RBI credit policy.

So volatile moves are expected and time to time rallies are possible but they will be utilized to sell. As the texture is sell on rallies.

Trade accordingly.

Note - ALL THE LEVELS OF NIFTY ARE of 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.