Get started

Niftyoutlook

Morning Mantra - 14th June 2023Dear All, So, we did see the magical impact of Bullish Harami Cross Doji in Yesterday’s Market, as Nifty had successfully made a high of 18728.90 yesterday with a positive green candle on day chart. Well, now it seems that we are very near to witnessing a new high in Nifty.  Wherein, the last week and the previous 2 days of this trading week, are somehow indicating that the overall sentiments of the Market is positive , but Nifty is still in an indecisive mode, as there’s a fight going on between the bull and the bear. So in such a situation, if Nifty crosses over and gives a closing of above 18888 on monthly basis, then yes it will be a beautiful scenario for the bulls. But, as of now we need to be a little cautious at the upper levels, as we are expecting to witness a little supply pressure here. Overall, this week will altogether be very crucial for the Market. Last but not the least, keep Rebalancing your Portfolio, Keep Trading and Keep Investing. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 12th June 2023Dear All, Once again our Morning Mantra update was proven to be absolutely on point on the last Friday. Wherein, as stated a significant Bearish Engulfing pattern on the chart of Nifty on Thursday, had clearly shown the expected fall in the Market on Friday itself. So, as per the current situation we can see a beautiful shooting star pattern on the chart of Nifty. Yes, “ Beautiful ” for the Bears, as after Nov-Dec 2022, we can once again observe a supply pressure around this level of 18800 approx. Furthermore, it can be observed that Nifty is facing a lot of difficulty to make a New High. But still we are positive on the Market for witnessing a New High, until the time the index is trading above the level of 18400. Besides, in the meanwhile, it is a good time for Portfolio Rebalancing. As whenever we face such kind of Resistance on the upper levels, we must look into our Portfolio and work upon it as per our Personal Financial Advisor. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 9th June 2023Dear All, Just as we had cautioned you, about the probability of witnessing a supply pressure here at the upper levels. Similarly, we can now observe the formation of a Bearish Engulfing pattern on the Day chart of Nifty, which is indeed not a good sign for the bulls as of now. However, since for the entire week the Market has been in an indecisive mode, therefore, for the last day of this trading week, we will suggest you to be cautious and to wait for the clear cut indication from the Market. Besides, we are still positively hopeful for witnessing a New High in Nifty, with 18400 as an immediate support level. Furthermore, in the meanwhile, continue following the Cherry picking strategy and keep rebalancing your Portfolio, as it will be a very good idea to do so, as of now. Keep Trading! Keep Investing! Keep Following Us! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
1
Morning Mantra - 6th June 2023Dear All, So, once again we can observe the formation of a Cross Doji pattern on the chart of Nifty. Therefore, it’s time to be a little cautious now, because such kind of a consolidation will create a sudden rise or a sudden fall, in the form of a Breakout or Breakdown. Besides, we hope that our Morning Mantra updates have been helping you, specially in the regards of Portfolio Rebalancing, as we have been stating it since the last week. Yes we are still with our words, that if Nifty makes a positive breakout, then it can surely achieve its Target of a New high , as even the Market Sentiments are positive. But the Index is trading in a very narrow range of 18400-18600 as of now, where we either need a breakout or a breakdown from here. Furthermore, for now, it will be better to avoid exposure trading in such a market condition. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
1
Morning Mantra - 2nd June 2023Dear All, Just as we had been expecting, about Nifty taking a pull back towards the level of its previous gap up opening. Similarly, it can be observed that Nifty has finally reached around the particular level of 18480. Now with the stop loss of 18400 on immediate basis and 18200 for the mid-term, we are still bullish on Nifty, for the Target of New high. Moreover, with this expected pull back, it is altogether a good time for Cherry Picking and Portfolio Rebalancing. Besides, on the basis of weekly chart of Nifty, we have to be very cautious against the Market volatility, Today. As it will somehow be better to be patient and wait for today’s closing. Where if Nifty gives a stable closing of above 18400, then we can expect a bounce back from this level, in the upcoming week. Otherwise, we have to become ready with the new strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 1st June 2023Dear All, Just as we had stated in our Morning Mantra yesterday about witnessing a pull back from the level of 18600. Likewise the same was observed yesterday itself, as Nifty had made a low 18,483.85 We can say that yesterday, Nifty had somehow tried to fill up the gap that was created as a result of its gap up opening, the other day. Moreover, for now, with the stop loss of 18400-18200, we are still bullish on Nifty for witnessing a new high in the upcoming days. Besides, this kind of pull back should be considered as an opportunity for Cherry picking and for rebalancing of the Portfolio, until the time Nifty triggers its new high. Furthermore, since Today is the day of weekly settlement so be a little cautious. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 29th May 2023Dear All, It was indeed a wonderful week for Nifty, as finally we had witnessed a beautiful recovery on a weekly basis. Wherein, Nifty had successfully crossed the level of 18400 and had given us a beautiful weekly closing of 18500 approx. So yes, somehow our predictions are becoming true, that above 18200 we are now ready for a new high in Nifty, with the stop loss of 17800. Furthermore, as Nifty is now trading above 18400, so we can shift our stop loss from 17800 to 18200 on immediate basis. Besides, now that we are in the last week of May, we can also observe the effectiveness of the Morning Star Doji formation, which was witnessed on the monthly chart of Nifty, in the last month. Altogether, with fingers crossed for a further positive momentum in the Market, keep rebalancing your portfolio along with keep following the Cherry-picking strategy . Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 26th May 2023Dear All, Once again we had seen the significance of 18200 as the level of support for the Market, yesterday. Where after making a low of 18202.40, the index ultimately made a good recovery and gave a closing of 18321.15 After 2 back to back Doji formations at the upper levels, we can now observe the formation of a Hammer pattern on the Day chart of Nifty. Which altogether is quite a good sign for the Market as it indicates that Today can be a good day for the bulls. Yes, we are still in between the levels of 18400 and 18200, which indicates that the Market is somehow creating a platform for the upcoming rally . So, overall on a medium-term, 17800 will become a very important support level for the Market. Furthermore, we are still bullish on Nifty for a new high in the upcoming days, till the time the index is trading above this level of 17800 on weekly basis. In the meanwhile, keep rebalancing your portfolio and keep following the Cherry Picking Strategy, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 24th May 2023Dear All, Just as we had stated yesterday, about witnessing the formation of a Morning Star Doji, consequently we did also observe a gap up opening in Nifty, along with a positive momentum in the Market. However, unfortunately Nifty was somehow unable to crossover the high of the past 4-5 days. Besides, we can now observe the formation of a Doji pattern on the upper levels of Nifty, which altogether is indicating a reversal from here. In the meanwhile, the level of 18200 will continue to play a very crucial role, as of now. Above which, we are indeed ready to witness a new high in the upcoming days. Whereas, on the lower side, the level of 17800 will be the crucial support for Nifty. Furthermore, since Nifty is currently trading in a narrow range of 18450 to 18200 , so an either side breakout or breakdown is quite important here, for the Market Participants. Until then, Portfolio Rebalancing will be a good idea. Besides, following the Cherry Picking strategy will be like a Cherry on the Cake. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
1
Morning Mantra - 23rd May 2023Dear All, Just as we had stated in our Morning Mantra update yesterday , regarding the probability of witnessing a reversal from 18200 . Likewise, the same was observed yesterday itself, as taking a beautiful support at 18200, Nifty had showed us a beautiful recovery. Well, after observing the formation of a Long-Legged Doji, we can now observe the formation of a Morning Star Doji pattern on the Day chart of Nifty - which is altogether a good sign for the Market. Furthermore, we are expecting that above 18200 , the market can perform well in the upcoming month of June . So, with the support level of 17800 on weekly basis, get ready for a new high in the upcoming days. Until then, can follow the Cherry Picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 22nd May 2023Dear All, Just as we had stated in our previous Morning Mantra update, about the struggle of Nifty at around the crucial level of 18200, similarly, we did also witness a closing of just around the stated level, i.e., at 18203.40 However, as of now, observing the pattern of a Long Legged Doji on the Day chart of Nifty, somehow indicates the probability of a reversal from here. So, once again with the stop loss of 17800, if Nifty manages to stably sustain above this crucial level of 18200, then we can expect to witness a new high in the upcoming days. Otherwise, we will have to go with another suitable strategy. In the Meanwhile, keep rebalancing your portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 15th May 2023Dear All, So, Finally we had witnessed a weekly closing of above 18200 in the last week, as Nifty made a closing of 18314.80 This altogether is quite a positive sign for the Market on technical parameters. As of now, we are quite positive on the Market regarding witnessing a new high in Nifty in the coming days. So, with the stop loss of 17800, we are with our words to keep Rebalancing your Portfolio and to keep following the Cherry picking strategy for now. Happy Investing! Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 11th May 2023Dear All, So, fortunately yesterday we got to witness another day of positive closing of above 18200. However the day ended on flat note as Nifty gave a closing (18315.10) of just near to its opening figure of 18313.60 Now observing the formation of a Doji pattern on the chart of Nifty, and also considering the fact that today is the day of weekly settlement, it will somehow be better to not be very aggressive today and to remain cautious at the same time. Furthermore, keeping in mind, that along with witnessing a positive closing on day basis, we also need to witness a positive weekly closing of above 18200. After which we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days. Therefore, until then keep reaping the benefits out of this uprise and keep Rebalancing your Portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 31st May 2023Dear All, So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels. Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now. Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days. However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now. Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
PostMortem on Nifty50 Today & Analysis of 27 JUN 2023Nifty opened right at the resistance zone of 18762 and then had a flattish pattern. Again the gap up would be due to front running by few players. Instead of falling to the previous close level - N50 held its ground and was aiming for resistance level breakout. The price action was not as dramatic as BN or Finnifty as the resistance breach came in very late in the day i.e. at 14.10. Once it broke out from this strong hold, it rallied another 68pts within 1hr. Today's price move has shifted the bias to +ve and it may also have enough firepower to take out the ATH by tomorrow. RELIANCE, ITC & other FMCG stocks did not participate in the rally today - so it seems like tomorrow is going to be an interesting bull side day. 1hr TF In yesterday's research report I had indicated N50 showing a bearish bias. Mainly because we had a support breach after what it looked like a M pattern aka double top. We have not completely negated that pattern, but the intensity with which N50 broke through the resistance - I will have to change my view. Technically N50 could push through the ATH by tomorrow as there is nothing resisting its way!
NSE:NIFTY
by viswaram
PostMortem on Nifty50 Today & Analysis of 26 JUN 2023N50 also had very little movement today to fire up the options premium. We even have a 10000 PE for the current week expiry. i.e a strike which is 47% below the spot price. Even a nuclear war will not take us there by Thursday. N50 also maintained the ground today, not falling below the 18650 level ensuring the swing low of 23rd is not broken. When we ended the last session - the sentiment was looking weak. I almost thought we will break the support level today - such was the CE shorting intensity on last Friday. Since we had no continuation of carried forward momentum - I am assuming that most of the positional traders would have booked profits & exited the short CE trades. 1hr TF N50 has formed a rounded double top M like pattern near the ATH zone. The fall from 22nd got some follow through on 23rd but today's move was not supporting. For the M pattern to work perfectly we would require a break down from the support level of 18597.
NSE:NIFTY
by viswaram
Nifty daily analysis for 27/06/23.Nifty is taking support around its 20 EMA on the daily charts. Banknifty is trading below the moving average but nifty is still holding the level and seems to be stronger. On the hourly chart, nifty has closed between both the moving averages and for last two trading session has been trading in a single candle range. Consolidation is there in the market and a good break out or break down can be seen. On the smaller time frame, for intraday trading, market is taking serious rejection from the 20 EMA and closed below the moving averages. Support :- 18620, 18560 Resistance :- 18760, 18890 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Morning Mantra - 26th June 2023Dear All, A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888. As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure in this week. So much so that, there’s even a probability to witness the level of 18400 , which has been a very crucial support level for Nifty, on closing basis. Therefore, tighten your seat belt and stay cautious against the volatility for this week as well, as it consists of 4 Trading days only. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Nifty weekly analysis for last week of June (26/06/23).Nifty has almost touched the high and given a marabozu candle on the weekly charts. The market on the higher time frame is forming a double top pattern. Market, on the daily time frame, is taking support from the 20 EMA and has closed below the recent support level of 18680. If the fall continues, there are chances of market testing 18500 levels. In the last trading session, nifty traded inside the first hour candle and closed between both the moving averages, on hourly charts. There is a bearish moving averages cross over, on 15 minutes charts. Supports and resistances are close by and market is yet to decide the trend. June session was all in a confusion state and only last week is left. Support :- 18615, 18560 Resistance :- 18760, 18890 Nifty has consolidated in the range for 10 days. Break down will pull the markets down to lower levels and even the Global markets are showing some negativity. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade