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Morning Mantra - 23rd February, 2023Dear 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 in these two days. Patience will be a key factor here, as we had already warned you regarding this sideways momentum and that's why Stock Specific & Cherry Picking strategies were being suggested continuously. Furthermore, be Cautious for Today & Tomorrow and also be Stock Specific. Levels- 18170-17800-17320 Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
Morning Mantra, 9th March 2022Good 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. Moreover, here it seems like the Market has now entered into a war zone. Where, 15850 and 16200 are the levels where we can see a war between the buyers and the suppliers. However, for the situations to be in favour, it has become very important for us to witness a stable closing of above the level of 16200. In the Meanwhile, Cherry Picking will be a good strategy if followed. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 8th March 2022Good 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 level of support of 15850 (i.e., 15863 approx). Moreover, as per our past experience, it seems that the worst is over now. So, Cherry picking will be a good idea at this level. However, we will be more aggressive in the market once after we witness a stable closing of above 16200. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 4th March 2022Good 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 for the index to give a closing of above 16800. Stay Cautious and Avoid being too aggressive as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 3rd March 2022Good 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 Resistance. Thereby, a closing of above 16800 will be the only hope for the bulls, as of now. So, until then stay cautious and avoid being too aggressive in the Market. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 2nd March 2022Good 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 utmost importance as of now. Until then, stay cautious and be stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 28th February 2022Good 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 and gives a closing of above the level of 16800, an important level which would now work as an initial crucial level of Resistance. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 25th February 2022Good 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 Market’s movement for the upcoming 3-4 Months. In addition to which, where the level of 16800 was very much a crucial support level. Unfortunately due to a gap down opening of the yesterday’s session, Nifty could be seen breaking another support level of 16400 and thereafter finally landing down to 16200. Although even 16200 has been a very crucial support level for the Market. So, as of now, if anything goes unfavourable then the levels of 15850 and 15580 will once again become very much active. So, there’s a high requirement of staying cautious as of now and to extremely avoid being too aggressive in the Market until the market stabilizes. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 23rd February 2022Good 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 on the downside, and 17300 as a Resistance on the upper side. Besides, we still have 3 more days left for a clear cut market indication. Where we are somehow very optimistic that an indication for a further move will be shown within this week itself. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Expecting a Bullish Move in CUBAs 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 downside levels, the stock may face a support at the level of 126, on closing basis. Closing Price (as on 21.02.22) : 128.65 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CUBLong
by alokdaiya
Morning Mantra, 21st February 2022Good 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 the happenings of the Market, for the upcoming 3-4 Months. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 14th February 2022Good 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 crucial time the Market seems to be critically moving within its consolidated range of 17650-17300. Wherein, now we highly need to witness a clear indication from the market about it to either break down or cross over the predicted levels. However, we can presume the mixed pack of corporate results to be responsible for such a consolidation. Besides, we are still with our words to be stock specific and to follow the Cherry Picking strategy here, as a cautious move. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 8th February 2022Good 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 now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
EXPECTING A BULLISH MOVE IN LUPINAs 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 913.05. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 862.95, on closing basis. Closing Price (as on 04.02.22) : 875.15 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:LUPINLong
by alokdaiya
Morning Mantra, 4th February 2022Good 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 situations in the upcoming week. Till then Stay Cautious and Be Stock Specific! Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 2nd February 2022Good Morning! Just as we had stated, similarly after sustaining above the predicted levels of 17300-17400 during the budget session yesterday, we were finally able to witness a beautiful closing of around 17576 in Nifty. Moreover to recall, as per our Research we had already stated regarding us being low on our expectations from the budget. Which is why we did face a perfect correction in Nifty from around 18300 to 16800. Now that Nifty is at a very crucial stage of around 17650-17700, we can expect a sharp rise towards 18300 once after it crosses the aforementioned range. In addition to the above, it will be suggested to stay cautious and be stock specific for the next 2-3 days in order to let not just yourself, but also the stocks and the industry adjust in tune to the Budget announcement. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Expecting a Bullish Move in CADILAHCAs per the 2 Hour Chart of CADILAHC, we have witnessed the Formation of a “Bullish Engulfing” on the downside. 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 393.10, 398.55, and 404.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 380.25, on closing basis. Closing Price (as on 27.01.22) : 385.10 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
CLong
by alokdaiya
Morning Mantra, 28th January 2022Good Morning! Since, Nifty failed to sustain above the crucial levels of 17300 - 17400 yesterday, we witnessed a closing of around 17110. On the other hand, on a positive note, after making a bottom at its stated support level, the index did take a beautiful bounce back therefrom. So, basically today, we will again be looking forward to a closing of above 17400, for the Market to be in favour. Moreover, since we have the budget coming up in the next week, it will be suggested to kindly protect your capital and to avoid making any aggressive trades, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 20th January 2022Good Morning! Just as we had stated yesterday, similarly, we could see how crucial the day was yesterday for the Market. Where Nifty’s Trailed Support level became a Resistance for the Market, as it made a high of approx 18129 yesterday itself and ultimately we witnessed a closing of around 17938, that is above the yesterday’s stated level of support. Now it is for us to wait and watch. Since, it is a day of weekly clearing today, it will become all the more important for the Market to sustain above the level of 17900, in order to bring up some favourable situations, else it can bring a lot of panic. Be Cautious and Stay Stock Specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 19th January 2022Good Morning! What else can be a better start than to share that what a commendable alert and a pre market awareness it was from our side, to stay cautious if the Market fails to sustain above 18300 during the first 2 hours, yesterday. In adherence to which we did definitely witness how after being unable to sustain above the stated level, #Nifty had tumbled down to a low of around 18085. Well as of now, it will be a Crucial Day today. Where 17900 will play a role of an immediate support, and sustaining above which, will be a good sign for the Market. Otherwise, it can surely create a panic. Staying Cautious and being Stock Specific are still the golden mantras to be followed. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya