Dear All, So finally, yesterday we had seen a break down of 17800 level, a significant gap down opening and that the index was continuously under pressure throughout the day. Well, as we told you that an either side breakout or breakdown was very necessary for the trend identification, so below 17800, can once again take the market towards the level of 17320...
Cautious Post Budget Impact 17300-17800 Excellent Budget market will take time to accept the budget.
Good Morning! We are glad that our Pre Market Morning Mantra updates are fruitfully helping our followers each day. As once again, Just as we had stated about our thoughts on the worst getting over, yesterday, similarly we did see a beautiful bounce back in the Market, where from its low of 15671, nifty had made a high around 16028 on the same day itself....
Good Morning! Just as we had much clearly stated in yesterday’s Morning Mantra, that if Nifty fails to sustain above the level of 16200, then we can expect the levels of 15850 and 15580 to become active once again. Similarly, we did witness that after a gap down opening at around 15867 yesterday, nifty had ultimately given us a closing at around its predicted...
Good Morning! In the yesterday’s trading session, we could see how Nifty had made a high of around 16768.95 but had ultimately tumbled down on the same day to give us a closing of around 16498.05, as it had once again failed to cross above its crucial level of Resistance of 16800. So now, with the support of 16200 on the downside, it has become very important...
Good Morning! Once again, the importance of the level of 16800 was witnessed in the Trading Session, yesterday. Where, on being unable to cross over and give a closing of above 16800 on Monday, Nifty made a low of around 16478, yesterday. In addition to which, we can see the difficulties that the index is facing to stably cross above the stated Level of...
Good Morning! The Importance of the levels of 16200 and 16800 were very well witnessed in the last trading session. Wherein not violating the support level of 16200, Nifty made a high of around 16815.90, but still had somehow failed to cross over and similarly give us a closing of above 16800. Hence, witnessing a stable closing of above 16800 will still be of...
Good Morning! A recovery of almost 400 points from the crucial support level of 16200 was witnessed in the last trading session, which however was a positive sign for the Market. Besides, in the midst of the seriousness of the ongoing global situations, there will still be a need to stay Cautious and to avoid being too aggressive until the index stably crosses...
Good Morning! Finally, Nifty has taken a move out of its consolidation zone. Wherein, it has taken a move towards the downside levels. Moreover, Just as we had stated, similarly we could very well see how this week was somehow very crucial for the Market Participants. Also, as had been clearly stated this week has given us a clear cut indication for the...
Good Morning! It seems like the level of 16800 is somehow or the other working as a level of support for the Market. But in accordance to the ongoing condition of the entire world we will still suggest to stay cautious regarding the market movement. Although yesterday’s movement had once again given us a positive indication of 16800 being the level of support...
As per the 2 Hour Chart of CUB, we have witnessed a Formation of a “Bullish Harami” Pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 130.65, 132.05, and 135. Whereas, on the other hand, on the...
Good Morning! As per Nifty’s positive chart setup, it is being expected that there’s a probability of witnessing a sharp movement of either side in this week, where we are somehow quite optimistic for the upperside. Yet on a safer note, stay cautious and continue being stock specific for this week, as it is during this time that we might get to know a lot about...
Good Morning! Fortunately we did witness a closing of above 17300 for 3 consecutive days. Moreover, we are now positive on the Market. Although there is still a need to stay cautious as of now. In addition to that, it is being expected that we can witness a sudden and a sharp rise in the upcoming days. Also, continue staying Stock Specific. Nifty Levels...
Good Morning! Once Again on Friday we witnessed a gap down opening in the Market, which happened to continue till the end of the day. Thereby highlighting the importance of the 17,650 level. Where on being unable to cross over it, Nifty clearly took a downturn making a low of 17303, that is around our predicted support level. Hence, we can say that at this...
Good Morning! Being unable to cross over 17650, Nifty gave us a closing of around 17213 yesterday, which now raises a concern. Therefore, in order to regain the strength, it has now become important for the index to sustain above 17300 for at least the first 2 hours today. Stay Cautious, wait and watch and avoid being too aggressive with your trades as of...
As per the 2 Hour Chart of LUPIN, we have witnessed a Formation of a “Bullish Harami” along with a confirmation candle all together at the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 887.40, 899.95, and...
Good Morning! As Nifty had marginally violated its trailed support level yesterday. It is being expected that the first 2 hours of Today will somehow be very crucial for the Market. Wherein, in the meanwhile if the index manages to sustain above 17650 and similarly give a closing of above the aforementioned level, then we can expect to witness some favourable...
Good Morning! After a peaceful closing of 17780 yesterday, we are positive for the market for 18350 in the upcoming days with the trailing support of 17600. Expecting stock specific momentum in the market in the forthcoming days. As of now, Cherry Picking will be a good strategy. Nifty Levels...