STOCK MARKET VIEW BY SACHIN AGGARWAL

Saturday, 12 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 12.10. 2019 NIFTY SPOT : 11305.05

Hi readers,

With the blessings of Maa Bhagwati and your good wishes

I have started my You Tube Channel.

Name of the channel is "STOCK MARKETS SIMPLIFIED"

Link for the channel is :- https://youtu.be/38hvqOjx6Gk

This Blog will remain as it is and will be updated like ever before. Next blog will be updated tomorrow as usual.

Please subscribe and like the You Tube Channel.

Will be updating Technical Analysis, Derivatives, Study Videos for Stock Markets and Markets update videos regularly.

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

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Sunday, 6 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 06.10. 2019 NIFTY SPOT : 11174

Hi readers,

Nifty fell down the way mentioned in my previous blog dated 30.09.2019.

It was mentioned that if any gap down comes go and short. And I will be more comfortable in shorting Nifty if it stays below 11594.

Also if there is any gap up we will nullify short trade.

But on gap down we will be shorting Nifty.

On 30th September i.e. on Monday Nifty gave gap down open and thus gave clear short trade.

And it kept falling down.

This is the power of technical analysis. We expected gap down opening for Nifty to give trade on the downside.

Clear indication helps taking the trade with confidence.

Nifty rewarded, it kept falling down and made a low of 11158 and closed at 11174.

Hope readers would be enjoying profits and Navratri Festival both.

Now What :-

Keep holding the short position with the trailing stop loss of 11282 closing basis.

And if in next 3 trading days Nifty does not close 11097 then I will look for booking full profits and step aside. Because around 11097 levels Nifty might find ways to rebound.

Trade accordingly.

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

Monday, 30 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 30.09. 2019 NIFTY SPOT : 11512.40

Hi readers,

First of all Happy Navratra's to all.

May GODESS DURGA shower all her blessing of all of us.

Yesterday I was not able to update the blog due to some personal engagements.

Regular update time will remain same i.e. every SUNDAY must.

Nifty has spent last week near to the level it opened.

In last 4 trading sessions Nifty has stayed rang bound and was all over the place.

It was expected also that Nifty would like to consolidate in the week.

Now What :-

Now in the coming week Nifty has made doji pattern on weekly charts and 4 candle range pattern on daily charts.

Which shows that any gap up or gap down on Nifty on daily charts is significant now for the coming week.

Any gap up or gap down from here will obviously give you trade. Play in the direction of the gap.

Also Friday's narrow range day signifies that 11594 on the up side and 11466 on the downside are important levels for the coming week.

Break above or below would likely to give more points in same side.

Looking at the charts if any gap up does not come and Nifty does not closes above 11594 then I will be comparatively more comfortable in selling Nifty for coming week.

Trade accordingly.

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

Sunday, 22 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 22.09. 2019 NIFTY SPOT : 11274.20

Hi readers,

Nifty celebrated DIWALI before DEWALI.

Thanks to Finance Minister Smt. Nirmala Sitaraman Ji.

And readers would also be enjoying it as they booked full profit from short positions and stepped out one day before the upmove.

This is where Technical analysis helps us, i.e. to be first, not on the wrong side of the trade and then on the right side of the trade.

Readers had been advised on Sept. 19, 2019 at 11.26 am. to booked full profits from short positions at 10749 and step aside as mentioned in my previous blog.

Now What:-

First of all thanks for our Finance Minister Smt. Nirmala Sitaraman Ji for giving booster dose to the economy and Companies which was much needed.

And such kind of up move can only be played after the news during the day on the spot.

Now as far as the charts are concerned. Nifty has closed at 11274. Showed strength, but, will have to wait, that, whether it is actual strength or it is short covering. After such massive move up it is not easy either to buy after around 600 points move up in Nifty in one day. And obviously such kind of moves should not be shorted either.

Thus the idea is to just wait and watch the next course of Nifty's movement and then take a view.

Trade accordingly.

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

Thursday, 19 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.09. 2019 NIFTY SPOT : 11749

Hi readers,

Nifty giving decent profit in small time.

Book profits at 10749 CMP at 11.26 am for once.

And Step Aside

Blog is updated during market time at 11.26 am

Trade accordingly.

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

Sunday, 15 September 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.09. 2019 NIFTY SPOT : 11075.90

Hi readers,

Nifty posted rebound in the previous week as was expected and mentioned. Charts were saying that Nifty is showing that is wants rebound.

Nifty went up and made a high of 11084 and closed at 11075.90.

It did not crossed our level of 11088 in the week. Levels left out with few points are always naughty.

Now What :-

Rebound was expected and it has come.

If it would have given close above 11088 I would have given heavy weight age to this rebound or might has looked to change my overall view.

But Since it has not crossed this level thus whole analysis has to be done on the basis of coming week levels. Thus we have to change the level according to the requirement of coming week level. The level of 11088 was applicable till previous week but for coming week level is 11204.

Now for the coming week level of 11204 is very important on the up side.

Below which the Nifty is overall sell on rise. Note that this level of 11204 is on weekly closing basis specifically.

But since we are on the verge of breaking out of inverted head & shoulder pattern above 11090. Traders would be feeling bullish.

But I would be like to trade on bit reverse side approach in-spite of this bullish head & shoulder pattern.

Sell on rise approach might be more rewarding for the coming week.

Although it is not recommended for retail traders as probability for success ratio is not that much as we want, because selling against the breakout of inverted Head & Shoulder pattern is not easy for them, but as Professional I will like to trade with this approach.

Trade accordingly.

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

Monday, 9 September 2019

Hi Readers

Pleas consider the date of my previous blog as Sept. 08, 2019.
It was wrongly typed as Sept. 10, 2019.

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.