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Morningmantra

Morning Mantra, 15th December 2021 Good Morning! Just as we have been stating in our Morning Mantra updates, similarly the Market still seems to be moving in a narrow range and in a price correction Mode. However, we can avoid creating a panic, until the index breaks the level of 17,220 on an hourly basis. Moreover, the levels of 17,650 & 17,800 will remain to be the suggested levels of resistance for the Market, as of now. Be Stock Specific and follow the Cherry Picking strategy for long term. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 10th December 2021Good Morning! Finally we have witnessed a closing of above the level of 17360, consistently for 2 days now. Moreover, as of now, we are expecting a sharp rise in Nifty, Today! Where if, even though the index fails to do so and in turn somehow manages to give a closing of above 17454, then in such circumstances we will still hold an expectation for a positive momentum in Nifty in the upcoming days. Adding on to which, the level of 17800 will remain to be our first level of resistance for the Index, as of now. Also, we are still with our words as being stock specific and following the Cherry Picking strategy will still be favourable for the Market Participants. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 7th December 2021Good Morning! Be Ready for Another Roller Coaster Day Today! Just as we had much earlier stated, that this kind of a liquidity crunch will be faced in the Market, and that Nifty might remain to be in a price correction mode till the month of December. Hence, the same is being observed in the Market, as the index continues to be in its range bound zone ranging from 16700-17360. So, in the midst of this, being cautious and being stock specific will turn out to be favourable for the Participants. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 6th December 2021Good Morning, Just as we have been saying, similarly we will remain to be neutral to bullish on the Market, until we witness a closing of below 16700. On the other hand, 17360 will remain to be a crucial level of resistance. Moreover, once again, we are still with our words that the Market will continue to be in a Range bound zone till the month of December. Therefore, it’ll be suggested to stay stock specific and to keep following the Cherry picking strategy, 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 December 2021Good Morning, Finally yesterday, Nifty had successfully given us a closing of above the level of 17360. Hence, from now on, the next resistance zone will be of 17650-17700. Moreover Today, the first 2 Hours will be very crucial for the Market, and if the index manages to sustain above the level of 17360 for the first 2 hours, then it will be a favourable condition for the Market. In addition to this, we are still in favour of our suggestion to follow the “Cherry Picking” and “Being Stock Specific” strategies. Along with which, it will be suggested to stay cautious for the first 2 Market Hours, Today. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 2nd December 2021Good Morning, Just as we have been stating in our Morning Mantra updates, similarly we can see that Nifty still seems to trade in a range bound zone. Neither is it being able to break through the stated levels of support, nor is it crossing its levels of resistance. So, it will still be suggested to stay cautious until the index gives a positive closing of above 17360. And until then, aggressive buying must be avoided. In fact, following the “Cherry Picking” strategy and staying Stock Specific will be a better idea here. To state once again, 17360 will now be a level of resistance for the Market and 16800-16700 still remains to be a crucial support zone. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 30th November 2021Just as we had stated yesterday, similarly, we had also witnessed how beautifully #Nifty had sustained our predicted support range levels of 16700-16800, and just after making a day’s low of 16782.40, the index had somehow very well managed to bounce back therefrom. Well, as of now, a beautiful formation of Dragonfly Doji on the chart, seems to very well depict our prediction, which is, that Nifty might now take a pause from this sharp fall. Wherefrom we can expect the Market to move in sideways and to thereby create a platform. Moreover, it’ll be a sheer matter of Concern, if the index gives a closing of below 16700. So altogether, as of now, this level of 16700 will play a very crucial role on the closing basis. Stay stock specific. Invest in selective stocks only, as it’s a good time to accumulate some qualitative stocks, which appear to be having a good potential in the near term. Also, as of now, avoid aggressive buying, for the better. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 29th November, 2021Good Morning, Once Again, similar to the situation when we had predicted our expectations regarding the magical level of 18350, where not crossing above which the Market had tumbled down. This time as well, we can observe that not being able to cross the level of 17650, the index has taken a turn to the downside from 17600 to a low of 16985.70 (as per the Friday’s closing). Moreover, we hope you remember that as stated in our video on “ALOKvaani on Current Market Fall”, aggressive selling from the FIIs have been one of the major causes of a decline in the Market. Where Friday’s closing of these index, was one of the most pathetic closing as per the chart. As of now, we have another major and crucial support range of 16700-16800, wherefrom we can expect a bounce back in the levels of the index. Meanwhile, it will be suggested to stay stock specific and to be cautious, till the Month of December, 2021. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 26th November 2021Good Morning, In accordance to our predicted levels of support of 17454 and 17360, we can clearly witness how the Index has been unable to break the aforementioned levels, on a closing basis, for the last 2 consecutive trading days, and in fact have shown a good bounce back therefrom. Hence, depicting the importance of the stated levels. On the other hand, as a matter of concern, it’ll be suggested to follow the Sell on Rise strategy and to stay stock specific, until we witness a healthy closing of above 17650. Just as we have been stating, and similarly we are still with our words that the Market is somehow being expected to stay in a consolidation mode, till the month of December. So, it will be suggested to stay Stock Specific. Moreover, on the downside, the level of 17360 will still be considered as a crucial level of support. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 25th November 2021Good Morning, It seems like the Market is still in an indecisive mode. Even though we have seen that the index had made a high of 17600.60 approx yesterday, it was somehow very much unable to give a closing of above the levels of 17650-17700 and had finally given a closing of between our stated support levels of 17454 and 17360. Hence, just as we have stated, it is being expected that the market will somehow stay in a correction mode till the month of December. So, it will be suggested to continue staying stock specific as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya