Dear All, Yesterday was the day of consolidation , where nifty had traded in a choppy zone . Still 16800 is a hope for the Bulls as a support and most of the Bulls are eagerly waiting for a breakout of 17180 on closing basis. As of now be cautious and keep following cherry picking strategy. Regards , Alok Daiya SEBI Registered Research Analyst
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.
Positive Budget 17800 Still we have to be cautious for next 2-3 days closing above 17800 will be a good trigger.
Good 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...
Good 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...
Good Morning! What a wonderful rally of almost 500 points we have got to witness from Nifty, in these 3 days. As the Market seems to have stepped onto the stairs of an uprise, we can upgrade our immediate level of support to now be at 17800, followed by 17630 and 17360, respectively. However, the level of Resistance will remain to be the same, i.e., at 18090,...
Good Morning! Currently, Nifty seems to be trading in a narrow range of 17,155-17,220-17,360. Wherein, the level of 17,155 has become the level of support for the Index and 17,360 is the level of Resistance, as of now. Moreover, let’s wait and watch through this narrow range. As it is being expected that currently, the Market will continue trading in this...
Good Morning! Just as we have been stating since few days now that Nifty is trading in a super consolidation zone. Similarly, we did witness the same yesterday also, as Nifty traded in a sideways zone for almost the entire day. But again, fortunately by the end of the day we had also witnessed a closing of above our predicted level of Resistance at 17220, which...
Good Morning! In reference to our stated level of support for the index, which was shifted to 16970, we did observe that even after making a low of 16909 during the Market hours, Nifty had ultimately managed to give us a closing at a crucial level of 17000 approx. Well, as of now, it is being expected that due to the festive vibes, the Market will still...
Good Morning! Just as we had very clearly stated in our Morning Mantra update yesterday, that it’ll be a good sign for the Market, if somehow Nifty manages to sustain above the level of 17000 for the first 2 hours of the Market. Fortunately, we did very well witness it yesterday itself, that after consolidating for almost 6 hours, the index was successful in...
Good Morning! Just as we had already stated in our Morning Mantra Updates, similarly, we did very much witness that Nifty had faced a resistance at two of our stated levels of 16800 and 16960 respectively. However, yesterday, Fortunately or Unfortunately the index had ultimately given us a closing at around the crucial level of 16955. Moreover, as today is a...
As per the 2 Hour Chart of DFM FOODS, we can see a beautiful Formation of "Bullish Engulfing" on the chart. Therefore, we are expecting a bullish momentum in DFMFOODS in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 304, 313.6, and 320. Whereas, on the other hand, on the downside levels, the...
Good Morning! Just as we had stated about the favourability of witnessing a closing of above 16600. Similarly, we had experienced it yesterday itself that taking a support of 16600, Nifty had beautifully taken a bounce back therefrom, and had made a high of 16936.40 approx. But on the other hand, unfortunately even after spending almost the entire day above the...
Stock is currently trading at its support zone, can show a bounce back for the following resistances 2386-2430-2470 in short to medium term against the support zone of 2290.
On the 1 Hour Chart of UPL LTD., we can witness a beautiful Formation of "Bullish Engulfing" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 741.10, 747.80, and 755.10. Whereas, on the other hand, on the...
Good Morning! We are glad to share the accuracy of 8th Club’s Research on the Market. As just like we had stated yesterday, similarly in the yesterday’s trading session itself, we had witnessed that once again, how after not being able to cross the resistance of 17,360 on the upper side, Nifty had tumbled down to below our stated level of support which was at...
Good Morning! Just as we had stated yesterday, similarly we did witness how Nifty was ultimately unable to break the stated level of support which was at 17220 and instead had unfortunately traded between the stated levels of 17360-17220, i.e., it traded between 140 points for 6 hours straight. Thereby, indicating its movement in a super indecisive mode along...