Nifty Blog by CA. Sachin Aggarwal
Dated :- 19.12.
2021
NIFTY SPOT 16985
Hi Readers,
Nifty fell in
the last week as it broke 17418.
Bank Nifty was
the weakest of the lot.
It was
mentioned that below 17418 no confidence in buying and 17218 is important
support.
As soon as the
support broke Nifty fell sharply.
Now What:-
Now Nifty will
remain weak and that 17218 will act as important resistance now. Below it the
texture is sell on every rise.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 12.12.
2021
NIFTY SPOT 17511
Hi Readers,
Nifty gave a
smart rebound with gap on daily chart.
Now What:-
Now, till the
time the gap holds on Nifty it can give more upside.
Now the level
of 17218 on the down side will act as an important support level.
PSU banks are
giving boost to Bank Nifty.
In the coming
week till Nifty is above 17418 the urge to look for buying possibilities will
be strong together with the eye on PSU banks if they are holding steady and
Nifty holding above 17418 the view is on. Else just step aside.
Because the gap
will not allow us to short in coming week and below 17428 the confidence will not
be strong for buying.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 06.12.
2021
NIFTY SPOT 17196
Hi Readers,
Nifty came as
was mentioned but closed at 17401 and then again fell from there.
Now What:-
I will keep
looking the selling possibilities in Nifty.
This is not
the time when I will look for bottom fishing on dips.
Till the time
Nifty does not show any sign of strength I will keep looking for selling
possibilities.
Trade
Accordingly.
Note the blog
is updated on 6th December, 2021 at 00.42 am early morning and late
night of December 05th , 2021
Nifty Blog by CA. Sachin Aggarwal
Dated :- 29.11.
2021
NIFTY SPOT 17026
Hi Readers,
Nifty came
down bang on as was mentioned in my blogs.
Readers would
have enjoyed the profits
Now What:-
Keep holding
the short positions
And keep
booking part profits also as per your appetite.
Booking part
profits is the profitable pyramiding in which you keep booking part profits as
Nifty moves in your favour and keep holding the balance position.
Now the
trailing stop loss for short position is 17256.
Trade
Accordingly.
Note the blog
is updated on November 29th (Monday) morning before the market opens at 7.12 am.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 21.11.
2021
NIFTY SPOT 17764.80
Hi Readers,
Nifty moved exactly
as was mentioned in my previous blog dated Nov. 14, 2021.
It was
mentioned that Bank Nifty is weak and once Nifty breaks 18002 go short.
Also our
Monday factor analysis of Bank Nifty was also bang on wherein bank Nifty
started falling form Monday onwards and shed more than 1000 points.
Hope readers
would have enjoyed the profits.
Now What:-
Book Part
profits on Monday i.e. tomorrow 22/11/2021 and carry the balance short position
for further lower targets. With trailing stop loss of 17972 initially which is
still below cost of 18002. Will further trail the stop loss to tighter levels
during the course of time.
Trade
Accordingly.
Nifty Blog by CA. Sachin Aggarwal
Dated :- 14.11.
2021
NIFTY SPOT 18102.75
Hi Readers,
Nifty moved as
was mentioned in my previous blog.
Above 17972 it
will trade with bullish bias.
Now What:-
Bank Nifty is
not participating in the rally.
Monday will be
an important day for Nifty and Bank Nifty.
Frankly Bank Nifty
is at make or break level.
Thus for the
coming week I would treat Monday as the trend decider for Bank Nifty which will
further decide the movement for Nifty also.
If Bank Nifty
shows any weakness on Monday and Nifty goes below 18002 then I would not
hesitate to even look for selling possibilities in Nifty with stop loss of
18114, Else keep holding the mildly bullish stance on Nifty.
Trade Accordingly.
