STOCK MARKET VIEW BY SACHIN AGGARWAL

Sunday, 15 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 15.12. 2019 NIFTY SPOT : 12086.70

Hi readers,

Nifty moved up and closed above our level of 12058.

Thus giving an exit to the part short positions as the trailing Stop loss level of 12058 is crossed to close the trade.

The trade is exited at par.

Readers would have been short at around this level only and also the part position was already booked. Even when we were getting more than 200 points profit when Nifty made a low of 11832 we kept holding the short positions because more profit was expected. But Nifty moved up, thanks to the news of US and China Trade deal.

Now What :-

Now Nifty has given two back to back gaps which is good sign for Nifty.

Back to back gaps are very good in continuation of move up.

Now 11922 on lower side will act as good support.

The range for the coming week is expected to be 11968 to 12244.

For the coming week the idea is to look for buy on dips with a small stop loss for small moves.

Trade Accordingly.

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

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly, Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly Nifty Blog Weekly --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Sunday, 8 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 08.12. 2019 NIFTY SPOT : 11921.50

Hi readers,

Nifty came down as expected.

Monetary policy by RBI created some volatility but did not closed above 12058.

But ultimately it came down.

Now What :-

Keep holding the short position with the trailing stop loss of 12058 closing basis.

Which is below cost so that the trade is free.

Trade Accordingly.

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

Tuesday, 3 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 03.12. 2019 NIFTY SPOT : 11994.20

Hi readers,

Nifty has started coming down within our two days time as was mentioned in my previous blog dated Dec. 01, 2019.

As mentioned in my previous, that, the strategy was to go short for first two days and wait for nifty to come down.

Now today Nifty has come down more than 100 points from the open of Monday. Giving the lucrative opportunity to readers to short Nifty.

Readers would be enjoying the fall in Nifty within the time of two days.

Now What :-

Now keep holding the short position in Nifty.

As was mentioned that down move should be run through i.e without wasting time.

Thus keep the tight trailing stop loss of 12058 closing basis which is below cost. Thus the trade is free and the risk is virtually nil. As the trailing stop loss is below cost.

Trade Accordingly.

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

Sunday, 1 December 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 01.12. 2019 NIFTY SPOT : 12056.05

Hi readers,

Nifty moved above 12026 and gained strength to make a high of 12158.

But could not capitalize on the gains and gave up the gains after making handing man pattern on daily charts.

Now What :-

Since Nifty could not maintain strength which shows that the texture of Nifty is at risk.

Nifty is at very crucial level.

Which shows that 200 points plus move is expected in nifty on either side (may be on both sides) which is tradable also.

Close Below 12003 Nifty spot, Nifty is weak.

Also, any down move if any has to come it shall be run through.

Thus in that case 12114 on the up side will be a important resistance.

And since Nifty is at crucial point if it does not come down run through then in that case positive surprise is not ruled out.

Thus the strategy is to be bearish in first one - two days and wait for it to come down and if it does not come down then do not short, either step aside or look for buying in that case.

Trade Accordingly.

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

Sunday, 24 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.11. 2019 NIFTY SPOT : 11914.40

Hi readers,

Nifty stayed in the range and closed at 11914.

Virtually going nowhere.

Thus sitting on sidelines was good idea.

Now What :-

Nifty has made 3 back to back Doji's on weekly charts.

Three doji on Nifty weekly chart is not easy, it showed that Nifty is in tight range for 3 weeks.

Still the view is same.

As Nifty is in range and not touching our lower end of the range i.e. 11700 to 11750. More vulnerable it is becoming. The coming week is important week.

Nifty has made double top pattern on hourly charts. Thus it should be biased bearish. Thus in such scenario, we cannot be a buyer.

Till the time double top pattern is intact lower levels are expected.

Above 12026 closing basis. Nifty may gain strength and in that case 11884 will become important support level.

Trade Accordingly.

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

Tuesday, 19 November 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 19.11. 2019 NIFTY SPOT : 11940.10

Hi readers,

Nifty came down and made a low of 11802 and after that moved up.

If it would have touched 11700 to 11750 levels we would have gone to buy the same as was mentioned in my previous blog.

Now What :-

Since Nifty is hovering within the range and not coming on the lower end even.

Thus it is always better to stay on sidelines.

Expect Nifty to be in a range.

Any gap up or gap down in current scenario will be important or deciding the movement of the trade.

Trade Accordingly.

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

Sunday, 17 November 2019

Hi Readers,

Sir is out of town.
Blog will be updated on Tuesday evening i.e. Nov. 19, 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.