Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.03. 2022                        NIFTY SPOT   17153.00

 

Hi Readers,

Nifty respected the support Levels and moved in  a small range.

 

Now What:-

Now in the coming week I would like to step aside and watch, as it is the last week of the financial year.

N.A.V adjustments and Monthly expiry will be there.

I would like to sit on side lines and watch Nifty movement.

Trade Accordingly.

Note this blog is updated at 11.03 a.m. 28.03.2022 i.e. late night of 27.03.2022

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 21.03. 2022                        NIFTY SPOT   17287.40

 

Hi Readers,

Nifty moved up as was mentioned in my previous blog.

Hope readers would have enjoyed the profits.

 

Now What:-

Now in the coming week since Nifty has moved above 17171 thus gained more strength.

Our analysis that not to sell and look for buying possibilities worked again.

Now also the view is keep holding the long positions and keep buying on dips.

Now the 17120 and 16940 will act as good support areas.

 

Trade Accordingly.

Note this blog is updated on March 21, 2022 at 00.12 a.m. i.e. late night of March 20, 2022 before the markets open.

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 14.03. 2022                        NIFTY SPOT   16630.40

 

Hi Readers,

Last week was full of volatility as was expected.

 

Now What:-

Now in the coming week Nifty has made bullish gap on daily charts. Till it is closing above 16260 I will not be interested in selling and the urge will be to buy in bits and pieces on dips.

In the coming week support is at 16260 and resistance is at 17171.

 

Trade Accordingly.

Note this blog is updated on March 14,  2022 at 00.23 a.m. i.e. late night of March 13, 2022 before the markets open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 07.03. 2022                        NIFTY SPOT   16245.30

 

Hi Readers,

Nifty came was as was mentioned by me in my previous blog.

It was mentioned that till it is below 17171 the structure is sell on rise.

Same Happened.

 

Now What:-

Now in the coming week also the sell on rise approach would continue.

Nifty chart is weak.

Keep selling on every rise.

I will not be looking for positional buying possibilities till the time Nifty does not show any indication that the structure is improving.

The coming week is news heavy week where U.P. exit polls and Election results will also come. Be ready for Volatility and sharp moves also.

Trade Accordingly.

Note this blog is updated on March 07,  2022 at 00.59 a.m. i.e. late night of March 06, 2022 before the markets open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 28.02. 2022                        NIFTY SPOT   16658.40

 

Hi Readers,

Nifty was down with a bang when it broke 17171. Hope readers would have enjoyed the severe fall.

Nifty made a low of 16216 and after that rebounded to close at 16658.

Same was the case in Bank Nifty.

Our levels worked very well and Nifty and Bank Nifty respected the levels.

 

Now What:-

Now in the coming week also the sell on rise approach would continue.

Nifty will remain weak till it is below 17171.

However with Vix increasing volatile moves are expected.

I will not be looking for positional buying possibilities till the time Nifty does not show any indication that the structure is improving.

Trade Accordingly.

Note this blog is updated on Feb 28, 2022 at 7.42 a.m. before the markets open.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 20.02. 2022                        NIFTY SPOT   17276

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

Nifty is moving in a range where now 17598 will act as stiff resistance for Nifty.

And on downside till now Nifty is taking support at 17218 our important level for support. But for the coming week the support has shifted to 17171.

View for the week is that below 17171 I will look for selling possibilities and above 17348 I will just step aside.

See my problem area is Bank Nifty, till the time it is below 37930. It is weak.

Thus Nifty above 17348 and bank Nifty above 37930 expect short covering.

But till they are below these zones they will behave in a volatile manner together with the fact that Bank Nifty below 37358 and Nifty below 17171 look for selling possibilities again and again.

 

Trade Accordingly.

 

Nifty Blog by CA. Sachin Aggarwal

 

Dated :- 13.02. 2022                        NIFTY SPOT   17374

 

Hi Readers,

Nifty moved in the range with up down effects.

 

Now What:-

View is still the same

Till 17830 is not crossed no fun buying and till 17218 is not breached will not be willing seller.

Thus just wait and watch.

Below 10218 will look for selling possibilities and above 17830 will look for buying possibilities.

Trade Accordingly.