STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday, 10 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 11.11. 2019 NIFTY SPOT : 11908.15

Hi readers,

Nifty has stalled at around 12000 levels which was mentioned in my previous blog dated 03/11/2019.

It was clearly mentioned that short term charts are indicating that Nifty is not willing to go up run through and it is expected to stall here.

That was why we booked profits from long positions there.

Same happened. Nifty stalled and closed at 11908.

Now What :-

Now for the Coming week till Nifty is below 11994. Fresh buying should be avoided.

On lower side around 11700 levels Nifty may find support.

The level of 11870 closing basis is important for Nifty. If Nifty breaks it latest by tomorrow or day after then the level of 11700 - 11750 can be in sight.

Considering the overall range to be between 11690 to 11990 for the week.

It is recommended to stay light on Nifty and play with small positions.

Because, till now the overall trend is up or rather buy on dips.

Nifty can come further down in coming week, but it may remain the part of healthy correction.

Trade Accordingly.

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

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Sunday, 3 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.11. 2019 NIFTY SPOT : 11890.60

Hi readers,

Nifty moved up and made full body green candle as was mentioned in my previous blog dated Oct. 28, 2019.

It was clearly mentioned that I expect Nifty to continue the up move and make full body green candle.

And above 11682 keep buying and look for only buying opportunities.

Same happened.

This is where the technical analysis helps.

Now What :-

Nifty has made a high of 11945 and closed at 11890.

Now the idea is to book full profits here and step aside for once.

Because looking at the medium and long term charts, the up move from here should be run through non stop.

But the short term charts are showing, that, run through non stop move might or might not be looked for.

If the situation would have been vice versa i.e. Short term charts showed run through move

and long to medium term charts would have been in dilemma, I would have comfortably mentioned to keep holding the long positions intact.

But the experience and prudence says, when ever such situation happens book profits and bring money home.

As I always say "Profit Woh hai joh Ghar Aa Gaya"

Baki sab Kahania Hai

Thus book profits and step aside.

Trade Accordingly.

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

Monday, 28 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 28.10. 2019 NIFTY SPOT : 11627.15

Hi readers,

Nifty consolidated as was and mentioned in my previous blog Dated 21.10.2019.

It was making up and down movements and closed at 11627.

Now What :-

Nifty has made doji on weekly charts.

In the coming week after good consolidation of 6 days we expect Nifty to give one side movement.

There is high probability, that, in the coming week, candle can be full body candle. Either Red or Green.

Now how to play that movement.

Above 11682 look for buying opportunities in Nifty and look for higher targets.

And below 11578 look for selling opportunities in Nifty.

As of today I expect and want Nifty to continue upside movement and make green candle. But stay below 11578 may spoil the long party.

Trade Accordingly.

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

Monday, 21 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 21.10. 2019 NIFTY SPOT : 11661.80

Hi readers,

Nifty went up and up as was mentioned in my previous blog dated 13.10.2019.

Good profits in small time.

Hope readers would have enjoyed the same.

Now What :-

As I mentioned in my previous blog dated 18.10.2019 (Friday) in morning at 9.37 am that book partial profits at 11616 and trail the balance long position.

Nifty closed at 11661.80.

Now at 11661 it is always better to book full profits here for once and step aside.

And let Nifty consolidate and decide its further course.

Trade Accordingly.

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

Sunday, 20 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 20.10. 2019

Hi readers,

Nifty blog will be updated tomorrow evening.

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

Friday, 18 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 18.10. 2019 NIFTY SPOT : 11616

Hi readers,

Kudos again.

Nifty went up like anything

When people were reluctant to buy rather they were short.

We clearly mentioned to buy in our previous blog dated Oct. 13,2019 when Nifty was at 11305. It was clearly mentioned not to short at all. Rather go and buy.

Now see today with 5 days Nifty is at 11616. Profits in no time.

This is why we always say charts make first news comes later.

Now every body has become bullish but it is all timing which is required.

This is the power of technical analysis

This is all GOD's Grace.

Now book part profit here and trail the balance long position with the trailing stop loss of 11490 closing basis.

Blog is updated during market time at 9.37 am.

Trade Accordingly.

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

Sunday, 13 October 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 13.10. 2019 NIFTY SPOT : 11305.05

Hi readers,

In the previous week Nifty fell down and made a low of 11112 but on third working day it rose up and closed at 113313.

Thus readers would have book full profits from their short positions and stepped aside.

Now What :-

Nifty has done interesting thing.

That is, it has taken support exactly at fibonacci retracement levels.

And it is also making flag pattern after double bottom formation.

It has also tested the double bottom breakout point which is at around 11140 levels closing basis.

Charts reading and analysis say that never go short when Nifty does the above combination.

That is double bottom, Fibonacci and Flag after Double bottom.

Charts of Nifty is placed in such a manner that now till the level of 11140 holds on closing basis. One should not go short.

These kinds of combinations are not broken by normal movements. Only a big unexpected news can do that. And no body can predict any big news. Thus always stay with charts.

Now Rather I will look for buying possibilities.

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.