Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.08. 2023                        NIFTY SPOT :   19265.8

 

Hi Readers,

Nifty respected the resistance level.

Our level was 19610 and Nifty took Resistance at 19599 and came down.

 

Now What:-

Now till Nifty is closing below 19412 it is sell on rise.

However it is expiry week and movement in expiry week are normally volatile.

Strategy is very simple till Nifty is closing below 19412 sell on rise and if it closes above 19412 then 19359 will be a support.

Trade Accordingly.

All the levels are of Nifty spot always.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 21.08. 2023                        NIFTY SPOT :   19393.60

 

Hi Readers,

Nifty closed at 19393.60, Nifty came down as expected and 19688 resistance held and Nifty came down.

Now What:-

In the coming week Nifty is expected to trade in range wherein 19610 on the up side will act as resistance for the week and 19125 on the downside will act as support.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-07.08. 2023                         NIFTY SPOT :   19517

 

Nifty took the resistance and came back.

Now What:-

IN the coming week till Nifty is below 19648 the coming week is expected to trade with bearish bias.

Thus I will look for sell on rise possibilities till Nifty is below 19648 with the stop loss if 19688.

Trade Accordingly.

The blog is updated on Aug 07, 2023 at 8.16 am before the market open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-24.07. 2023                         NIFTY SPOT :   19745

 

Nifty faced resistance exactly at our resistance level of 19978 and came down.

Now What:-

This week Nifty is expected to be range bound with slight bearish bias.

19567 will act as support and 19883 will act as resistance for the week.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :-19.07. 2023                         NIFTY SPOT :   17790

 

Nifty never came below 18352 and thus showed the strength

Now What:-

The strength is expected to hold.

19978 will be a resistance on the up side and on the down side 19611 will be support.

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 10.07. 2023                        NIFTY SPOT :   19331.60

 

Hi Readers,

Nifty closed at 19331.60, and the breakout of ascending triangle pattern is working for Nifty.

 

Now What:-

In last week after going up Nifty has made shooting star pattern on weekly charts and bank nifty also made the same.

Thus this week is expected to be cautious and try to find selling possibilities only if Nifty is below 19352 if however Nifty goes and remains above 19352 then do not sell at all for coming week.

The idea for the week is loo for selling possibilities if Nifty is below 19352 again and again.

 

Trade Accordingly.

 

 

 

 

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 02.07. 2023                        NIFTY SPOT :   19189.05

 

Hi Readers,

Nifty closed at 19189.05, moved up sharply triggered by short covering and gave a breakout

Now What:-

Nifty has given a breakout of ascending triangle pattern above 19112.

Now Nifty is buy on every dip. Major support is now at 18842.

 

Trade Accordingly.