Morning Sectoral Glance - This saves me from errors quite often Generally traders and investors follow every morning- news, analysis, research reports & opinions
I am slightly different that i ignore almost all macro, TV news - unless it is stock specific, material (like earnings or M&A) - during trading cycles. These are the things that have kept me out of trouble
Sector Analysis - Having all the sectors up on either Tradingview or Trendlyne (which i love btw)
3 Rower Philosophy - What is my stock, its sector and the overall Market doing? (Courtsey William O Neil - who I consider to be the greatest stock teacher ever)
Look at things in context to the news - the biggest setups come when the stocks are doing something different from the overall news
Just listening to Nifty analysis, news, what XYZ is saying etc has lost me a lot of money. I think the current process I follow now is far better and objective. Please comment or share if you like this - please feel free to suggest any topics as well!
PS - the objective of this channel is to learn and share, and not a commercial venture for me
Morningmantra
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
Morning Mantra, 10th February 2022Good Morning!
As had been witnessed yesterday, Nifty was successful in crossing over, sustaining and in finally giving a stable closing of above 17300.
So for now, the previously mentioned support level of 17085 can be trailed up to 17270. Moreover, on a positive note, the market now seems to have taken a turn towards its next Resistance level of 17650.
Cherry Picking Strategy can still be followed.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 24th January 2022Good Morning!
As we can see, the Market currently seems to be at a very crucial stage, i.e. at around the level of 17630. Wherefrom, it can either take a sharp rise towards the level of 17900 or can undergo a sharp fall towards 17300.
So, Today will somehow be a very crucial day for the Market, for us to see that finally towards which direction would Nifty take a turn.
Moreover, as the pre budget fluctuations are being felt in the Market. Therefore, it will be suggested to stay cautious and to try to avoid entering into any fresh trades, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 21st January 2022Good Morning!
On Witnessing a beautiful bounceback in nifty around its previous support level of 17650, it seems like it has now become very important for the Market to sustain above the level of 17820 for the first 2 hours, today. After which, we can expect to witness a short recovery of upto 17900 - 18300.
Hoping for the best.
Moreover, as it’s a Month of Results, so staying stock specific will still be a better idea.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
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
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
Morning Mantra, 18th January 2022Good Morning!
As it was very much apparent, we have seen how Nifty has given a closing at a very crucial level of 18308.10 on the previous day, which however is very close to our stated level of Resistance of 18300.
However, we are still quite positive for the Market, where if it manages to sustain above 18300, for the first 2 hours today, then we might witness the level of 18500 within this week itself.
Moreover, we have trailed our support level to now be at 18130.
In addition to which, as it’s a Month of Results, staying stock specific will still be a better option. Wherein, gradually we might move towards the mode of Cherry Picking.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 17th January 2022Good Morning,
In adherence to what we had stated on the last trading day of the previous week, similarly somewhat the same is our view for today as well, as no big momentum was observed in the Market on Friday.
Where as of now we can see that Nifty is consecutively facing a Resistance at our stated level of Resistance at 18300. However, as per the chart setup, we are still positive for our predicted Target of 18500, with an immediate support of 17940.
Moreover, since it’s a Month of Results, so staying stock specific will still be suggested, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 14th January, 2022Good Morning,
Wishing You & Your Dear Ones A Very Happy Makar Sankranti!
May this auspicious day brings more positivity in the Market.
Well, as per our stated level of Resistance of 18300, we can see that Nifty is consecutively facing a Resistance at this level. However, as per the chart setup, we are still positive for our predicted Target of 18500, with the immediate support of 17940.
Also, Staying stock specific will still be suggested, as it’s a Month of Results.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 13th January 2022Good Morning!
Just as we had stated yesterday, similarly we did also witness how after sustaining above 18090, Nifty showed us a good upmove thereafter and had successfully given us a closing of approx 18212, yesterday itself.
We are glad that after being able to patiently stay cautious in December, we are now being able to enjoy a good uprise in the index, where we have covered a journey from 16410 of December to now a high of 18227 approx, that too in just 3 weeks.
So, thank you for patiently being a part of an approx 2000 points rally of Nifty.
Moreover, now that Nifty has stepped onto the stairs of an uprise, we have upgraded our Target to now be at 18500, and have trailed our stop loss to 17940.
Staying stock specific will still be suggested, as it’s a Month of Results.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 12th January 2022Good Morning!
Just as it was very much apparent in the yesterday’s trading session, we did observe how Nifty had continued trading in its Range bound zone and similarly was unable to cross the stated level of Resistance of 18090.
Moreover for Today, it is being expected that if for the first 2 hours, the index manages to sustain above the level of 18090, then there’s a possibility for us to witness the level of 18300 in the upcoming days.
In addition to which, staying stock specific strategy will still be fruitful if followed, as it’s a Month of Results.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 11th Jan 2022Good Morning,
Hope you had a great Stock Specific Momentum Trading Yesterday!
Well as of now, considering the current market situations, we are still with our words to consider the level of 18090 as Resistance and the level of 17800 as support for the Market.
In addition to which, since it’s a Month of Results, so more of a stock specific momentum will be observed in the Market.
So as of now, stay Cautious and be Stock Specific!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 10th January2022Good Morning!
Since few days now, we have been suggesting to wait and watch for either a break through down the level of 17630 or a crossover of above the level of 17800 by the index. Similarly, now that we had witnessed a closing of above 17800, i.e., a crossover of above the resistance level, we will wait and watch for today’s closing, in support of the Market’s efforts in deciding for its New Trend.
Moreover, now that the Market seems to have stepped onto the stairs of an uprise, we can upgrade our immediate level of support to be at 17800, followed by 17630 and 17360, respectively. However, the level of Resistance will remain to be the same, i.e., at 18090, as of now.
Also, as per the current market situations, it’ll still be suggested to Stay Cautious and Be Stock Specific!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
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
Morning Mantra, 6th January 2022Good 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, as of now.
Moreover, since it’s a Month of Corporate Earnings, it will be suggested to stay cautious and to be stock specific, for the better.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
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
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
Morning Mantra, 27th December 2021Good 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 continue trading in a sideways or consolidation zone for this week as well.
Moreover, as the December days are crucial, we are still with our suggestion to stay cautious for this last week of December and to keep following the Cherry Picking strategies, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra , 23rd December 2021Good 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 Thursday, so it is being expected that the first 2 hours will somehow be very crucial for the Market. Wherein, if Nifty manages to enter the house of 17000 and manages to sustain in there for about this 2 hour span of time, then it can be a good sign for the Market. On the other hand, on the downside, 16600 will be a level of support for the Market.
Also, just as we have already been stating these days, that there is a sheer need to stay cautious for this Entire Month of December. Similarly, it will still be suggested to remain cautious, to stay stock specific and to follow the Cherry Picking strategy, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 21st December2021Good Morning!
Just as we had stated yesterday about the likelihood of Nifty being very open to the support levels of 16700 and 16800. Unfortunately, we had also witnessed that yesterday itself, Nifty had made a low of approx 16410.20. Not just that but on a positive note, the index also managed to show us a beautiful bounce back and finally give us a closing of above the level of 16600, i.e., 16614.20 approx., which however, is a good sign for the Market.
Moreover, as per the Current Market situations, it has now become very important to witness a closing of above the level of 16800.
Also, just as we have been stating, we are still with our words that such kind of situations of panic will continue till the Month of December. Hence, stay cautious.
Last but not the least, avoid being too aggressive in such situations, instead go for some Cherry Picking strategies and do not lose your hope.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 20th December 2021Good Morning!
After trading in sideways or in consolidation for about 22 consecutive hours, we could see that Nifty had finally broken the stated level of support of 17220 and had given a closing of 16,985 approx. on the last trading day.
Just as we have been stating, hence this is the result of what happens, when one trades in a narrow range.
Moreover, once again after witnessing this downfall, it is being expected that Nifty is quite open for the levels of 16700-16800 as the next support.
Also, just like we have been stating in our Morning Mantra updates that this kind of momentum of the index will continue till the Month of December. Hence, we are being able to witness the same as of now.
Last but not the least, avoid being too aggressive in such situations, instead go for some Cherry Picking strategies and do not lose your hope.
Keep patience and wait for this New Year’s New Hope and New Direction.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 17th December 2021Good 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 17,220. However, not being to sustain at the downside levels as well, Nifty had ultimately given a closing of 17248 approx.
Which altogether indicates the accuracy of our analysis and that the Market is still very much in a super consolidation zone.
Hence, we are still with our words as staying cautious and being stock specific will be the best strategy that can be followed at the moment and until the Market decides for a fresh new direction.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya