Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 13.12. 2022                        NIFTY SPOT :   18497.15

 

Hi Readers,

Nifty slowly came down and closed the week at 18497 and on Monday also closed at 18497.15.

Which is below the level of 18543 thus all positions are booked out (trailing SL) and closed.

 

Now What:-

Now still the chart is not looking week.

Nifty has strong support at 18288 and till that is holding it is expected that Nifty will keep giving bouts of up move again and again.

Thus I will look for that level curiously and look for buy on dips possibilities in Nifty in the coming days. I will also like to see that, if Nifty wants to give respect to 18288 and move up, then, it is expected that it should do it in coming days. Else with the passage of time the strength of 18288 will keep shedding.

Trade Accordingly.

Note this blog is updated on 13.12.2022 at 7.42am before the Market open.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 05.12. 2022                        NIFTY SPOT :   18696.10

 

Hi Readers,

Nifty went up and continued its upward journey.

Nifty made a high of 18887 and closed the week at 18696.10

 

Now What:-

Now book part profit and for rest of the position increase your trailing stop loss and carry the long position.

Now keep the trailing stop loss of 18543 for the long positions.

This week will be full of news events with RBI policy and Exit poll results coming during the week.

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.11. 2022                        NIFTY SPOT :   18512.75

 

Hi Readers,

I was busy in some family engagements together with the work engagements, and my father was not well also. Thus could not write the blog in between.

From now onwards every Sunday again you will get the blog as before.

 

Nifty kept moving up and made a new high and closed at 18512.

 

Now What:-

Now at this level it is important to trail the positions with strict stop loss.

The trailing stop loss of 18346 will be good one to protect the long positions.

It is only banking that is showing strength as of now and all other sectors are virtually sideways.

That is why the up move is slow and tough to rise.

Keep an eye on Banking also if it starts shedding also then book your profits and step out.

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 31.10. 2022                        NIFTY SPOT   17786.80

 

Hi Readers,

Nifty was volatile but protected 17295 and thus the bias was positive.

Now What:-

In the coming week also the bias will remain bullish and till Nifty is above 17618 keep holding long positions in Nifty.

Below 17618 just step aside.

Trade Accordingly.

 

Note this blog is written on 31.10.2022 at 8.36 am before market opens

 

 

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.