Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 09.01. 2023                        NIFTY SPOT :   17859

 

Hi Readers,

Nifty as soon as it closed below 18053 it fell down.

It also gave a close below 17878 which was our level for texture to change to sell on rise.

Now What:-

In the coming week till Nifty is below 18156 the texture will remain sell on rise.

Trade Accordingly.

This blog is updated in late night of Jan 08, 2023 i.e. at 00.22 am of 09.01.2023

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 02.01. 2023                        NIFTY SPOT :   18165

 

Hi Readers,

First of all Happy New Year to all.

I pray to Maa Durga to Shower   all her blessings on you and your family.

Nifty is holding at around 18100 levels.

Which might be the indication that Nifty wants to hold here.

Now What:-

We do not want to start the year with short positions.

Nifty is holding at 18100 around levels and at present at 18165 i.e. at 10.41 am on 02.01.2023.

Thus better to book profits in all short positions and wait for Nifty to play around.

Bank Nifty will hold the key for Nifty’s movement.

New short positions will only be opened below 17878.

Till then Nifty may move in a range with positive bias.

If Nifty holds 18053 which it is doing right now, professional traders may also look for small buying possibilities also for trading purposes.

Trade Accordingly.

This blog is updated during live market at 10.41 am on 02.01.2023

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 26.12. 2022                        NIFTY SPOT :   18014

 

Hi Readers,

Nifty came down and closed the week at 17806.

Hope reader would have enjoyed the profits.

Nifty on Monday rebounded and closed at 18014.

 

Now What:-

Book part positions and keep holding the balance positions with the stop loss of 18369.

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 19.12. 2022                        NIFTY SPOT :   18269

 

Hi Readers,

Nifty came down and closed the week at 18269

Now the trailing stop loss for Nifty is over.

Which is below the level of 18288 and thus long positions should be closed

 

Now What:-

Now in the coming week I will look for selling possibilities till Nifty is below 18450.

The texture of Nifty is becoming vulnerable.

 

Trade Accordingly.

Note this blog is updated on 19.12.2022 at 7.34 am before the Market open.

 

 

 

 

 

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.