Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 16.10. 2022                        NIFTY SPOT   17185.70

 

Hi Readers,

Nifty was all over the place in past few days and still showing volatility.

Due to some personal reasons could not write the past blogs.

 

Now What:-

Volatility is expected to continue further also.

Problem is that even gap downs and gap ups are also not having its impact on Volatility index. It is still hovering at 18 around levels.

In the coming week consider 17295 as important level. Below which bias will be negative and above it the bias will be positive.

Trade Accordingly.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 12.09. 2022                        NIFTY SPOT   17936.35

 

Hi Readers,

Nifty and Bank Nifty moved up as was mentioned in my previous blog.

Wherein it was mentioned that Bank Nifty is strong and will give impetus to Nifty.

Same happened.

 

Now What:-

Now in the coming week I will try to book profits at 18036 to 18076 around levels for once and step aside.

Bank Nifty’s movement in next 2 days will be important to watch.

Trade Accordingly.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 04.09. 2022                        NIFTY SPOT   17539.45

 

Hi Readers,

Nifty made a low of 17166 and then rebounded from there due to short covering and made a high of 17777 and then closed at 17539. .

 

Now What:-

Now Nifty is standing at important juncture. Charts are showing that it is Bank Nifty in coming week which holds the key. Bank Nifty chart is at important point, a small up move in bank Nifty can take Nifty along with it.

Thus Nifty above 17608 and Bank Nifty above 39670 is a good area for rebound and short covering may creep in. But with a view that this situation if happens by Tuesday will be taken by both hands by bulls.

In the coming week till if Nifty stays above 17433 and Bank Nifty does not shows the weakness then I will not look for selling possibilities.

But yes Nifty below 17433 and Bank Nifty below 39007. I will look for selling possibilities.

 

Trade Accordingly.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.08. 2022                        NIFTY SPOT   17558.90

 

Hi Readers,

Nifty gave respect to our resistance area and support area.

During the week Nifty faced resistance exactly at our mentioned level and fell from there.

 

Now What:-

In the coming week Nifty is expected to be weak and below 17458 its character will be sell on every rise.

In the coming week till Nifty is below 17458 I will look for selling possibilities with a stop loss of 17519 and 17558 closing basis.

 

Trade Accordingly.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated : 22.08. 2022                         NIFTY SPOT   17490

 

Hi Readers,

Nifty faced resistance on RSI above 82 and fell from there. For Index RSI above 82 is resistance zone.

 

Now What:-

Now for the coming week 17693 will act as resistance and 17268 will act as support.

He coming week is also monthly expiry week also.

Trade Accordingly.

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-16.08. 2022                         NIFTY SPOT   17825.25

 

Hi Readers,

Nifty kept moving up and the resistance of 17550 was crossed as if nothing stopping.

 

Now What:-

Nifty is in strong hands right now and as of now it is moving up relentlessly.

The overall structure is buy on dips.

But since Nifty and Bank Nifty RSI on daily charts is above 82 dips are also not ruled out.

Trade Accordingly.

This blog is reposted just to correct the typo error in last line of date.

Blog is updated on August 16, 2022

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-16.08. 2022                         NIFTY SPOT   17825.25

 

Hi Readers,

Nifty kept moving up and the resistance of 17550 was crossed as if nothing stopping.

 

Now What:-

Nifty is in strong hands right now and as of now it is moving up relentlessly.

The overall structure is buy on dips.

But since Nifty and Bank Nifty RSI on daily charts is above 82 dips are also not ruled out.

Trade Accordingly.

 

This blog is updated on July 25, 2022 at 8.16 a.m. before the market open.