Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20.02. 2022                        NIFTY SPOT   17276

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

Nifty is moving in a range where now 17598 will act as stiff resistance for Nifty.

And on downside till now Nifty is taking support at 17218 our important level for support. But for the coming week the support has shifted to 17171.

View for the week is that below 17171 I will look for selling possibilities and above 17348 I will just step aside.

See my problem area is Bank Nifty, till the time it is below 37930. It is weak.

Thus Nifty above 17348 and bank Nifty above 37930 expect short covering.

But till they are below these zones they will behave in a volatile manner together with the fact that Bank Nifty below 37358 and Nifty below 17171 look for selling possibilities again and again.

 

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 13.02. 2022                        NIFTY SPOT   17374

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

View is still the same

Till 17830 is not crossed no fun buying and till 17218 is not breached will not be willing seller.

Thus just wait and watch.

Below 10218 will look for selling possibilities and above 17830 will look for buying possibilities.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.02. 2022                        NIFTY SPOT   17516

 

Hi Readers,

Budget was virtually non event for the Markets.

 

Now What:-

The view on Nifty is that till the buy zone will emerge once it crosses 17830 and till it is above 17218 the sell comfort is also not there.

Thus the view is to play the range in Nifty with bit of a bullish bias for small trades.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 30.01. 2022                        NIFTY SPOT   17101

 

Hi Readers,

Nifty fell like anything and it was mentioned that not to be adventurous as the charts are weak.

 

Now What:-

Now still the charts are weak and the weak structures are never bought.

Further we have Union Budget on Feb 01, 2022.

Big Big event for markets

Budget outcome will decide the future course of action for markets.

But technically it is weak.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 23.01. 2022                        NIFTY SPOT   17617

 

Hi Readers,

Nifty came down as the indicators were fatigued.

It was clearly mentioned that I will step aside in the previous week.

Hope readers would have enjoyed the same.

When there is blood on the street we are sitting cool.

 

Now What:-

Now in the coming week also I will maintain the same stance.

Just step aside and this is the time when only professionals should play in markets retail investors should step aside.

Charts are showing weakness thus do not be adventurous  at this point.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 16.01. 2021                        NIFTY SPOT   18255.75

 

Hi Readers,

Nifty moved as was mentioned in my previous blog.

Now What:-

In the coming week I would like to step aside and would like to watch Nifty’s behavior.

 

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 09.01. 2022                        NIFTY SPOT   17812

 

Hi Readers,

Nifty moved as was expected and mentioned in my previous blog.

Nifty was expected to play with bullish bias and it did the same.

 

Now What:-

Now also the view is same Nifty is expected to keep its bullish bias.

View for next week is bullish bias with volatility

Trade Accordingly.