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Morning Mantra, 7th January 2022Good Morning! What a wonderful day it was Yesterday! Yes, it was wonderful in a way that we had got to witness how nifty traded within its predicted range of the two crucial support levels of 17800 - 17630 respectively. As it made a high of around 17797 and a low of 17655 approx, yesterday itself. Moreover, as it’s a last trading day of the week, it would be suggested to stay Cautious, in fact to wait and watch for either a breakthrough the level of 17630 or a crossover of above the level of 17800 by the index. As somehow only after that will we be able to decide the Market’s New Trend. However, there’s nothing to fear much as of now as the Market’s sentiment still seems to be positive as per the chart setup. Hence, we are still with our words to Stay Cautious and to be Stock Specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 4th January 2022Good Morning! What a wonderful beginning of the Year it was, Yesterday! As we could witness the magic and power of Technical Analysis, where just after crossing the level of Resistance at 17360, Nifty soared high towards its next level of Resistance at around 17650. Hence, Today will somehow be a very crucial day, as in support of such an uprise, we will require a breakout and a stable closing of above the crucial resistance level of 17650-17700. Until then Stay Cautious and remain being Stock Specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 3rd January 2022Good Morning! Wish You All A Very Happy New Year 2022, and here I take you to our first Morning Mantra of this New Year! Where as it had been stated and witnessed on the last trading session, till now Nifty has been trading in its narrow range of 17360-17220-17155. The rising covid cases has become a matter of concern, as of now. So, currently it will be better to consider Today as a “No Trade Day”, hence avoid being too aggressive in the Market until a fresh breakout in the Index. Apart from that, we are wishing that May this New Year bring a new ray of hope with some more positivity in the Market. Wherein, initially for some favourable situations to come up, we are hoping to witness either a breakthrough or a crossover of the nifty levels. As only after that will we be in a position to decide for a fresh new direction. So, 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, 30th December 2021Good 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 range. Also, we are finally near to the Happy Year Ending of 2021. Stay Stock Specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 22nd December 2021Good 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 level 16800, Nifty was unable to sustain above 16800 and as a result it gave us a closing of below 16800, i.e., around 16770.85 approx. Well for Today, the formation of a beautiful Hammer pattern on the hourly chart, indicates a hope for some optimism in the Market. Yet in support of that, we need to witness a strong and stable closing of above 16800 and 16960 respectively. So, as of now we will be considering 16960 to be a crucial level of resistance for Nifty. Also, keep your calm and patience until this crucial Month of Entire December. In addition to which, we are still in support of our suggestion to go for some Cherry Picking strategies, instead of 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
Nifty Consolidation BreakoutNifty has been in a correction since last few days with increased volatility. The index had been suffering gap-ups and gap-downs lately making it difficult for traders. Now, if we have a closer look the index has likely bottomed out with a reversal in offing credited to multiple pattern breakouts. The first one is the consolidation breakout where twice breakdowns have been negated by a subsequent gap up thus keep the index alive and ripe for a reversal, and with a breakout detected it gives a perfect long entry opportunity with good risk reward setup.
NSE:NIFTYLong
by vanimator
#Nifty New High Looking at the successful completion of wave 4 at 16782, we can expect a beginning of wave 5 for a target of 19776.40. So we can expect a growth of 18.11% from the low of 4 the wave Also below level are needed to be followed on a closing basis:- Level 1:- 17450 Level 2:- 17964 Level 3:- 18597 Final Level:- 19776 Level 3 also gives a confirmation of, formation of wave 5 as it is making a new high. Please follow the resistance level and also consider them as support levels.
NSE:NIFTYLong
by Dhaval_Parekh
Nifty Big Picture. More than 43% from breakout. Target 2 is ON..Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is follow-up on Nifty. Can check link to related ideas. Tried to show Nifty's big picture in simple way. Good think about Nifty is that it respects support and resistance. It is now near it's sub support of 17499. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NIFTYLong
by MandeepSinghKohli
15
BANKNIFTY Intraday Levels To Watch And Trade on 07 Sep 21Dear Traders, Here in this chart of the BANKNIFTY Index, I have drawn important DEMAND (Support) zone and SUPPLY (Resistance) zone which will be important for intraday trades on 07 Sep 2021. LOGIC- As we know price is the GOD in the stock market, the price of any stock/index itself is the biggest and most important indicator to understand the direction, sentiment & trend of the market. Every business works on the basis of DEMAND & SUPPLY and the stock market is also pure business, so from price, we understand the DEMAND & SUPPLY areas to watch and trade daily. Every day I will post the daily analysis of NIFTY & BANKNIFTY which will help you to trade in intraday. Thank You.
NSE:BANKNIFTY
by sagarTheIndian