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Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways. crossing above 19893 will provide price a strong upward movementand it may easily reach 19957 and may retest or cross pass 20k. 19815 (Strong Support if takes support here go long and follow levels) below 19815 it may little week , but 19765 is another strong support you may short below 19815 (Chance of false breakout is high) but you can long from 19765 if it takes support.
NSE:NIFTY1!
by stoxway
Morning Mantra, 2nd January 2023Wish you a very Happy New Year! This is the first Morning Mantra for the year 2023 and we are here to share with you the Market Sentiments for this week. Well, on observing the past few days, it can be seen that there’s a fight going on between the levels of 17800 and 18170. Where on one hand, as we were expecting to witness a positive closing of above 18170 on the last trading day. Unfortunately, we didn’t get such a kind of positive closing from the Market. While on the other hand, we can now observe the formation of a bullish harami pattern on the weekly chart of Nifty. Which is a good sign. So, with this bullish pattern, as well as with the support level of 17800, we are still with our positive words, i.e., to continue rebalancing your portfolio as well as to keep following the Cherry Picking Strategy. Although, it is being expected that for this week too, we can get to witness a sideways momentum in the Market. So, also be a little cautious as of now. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18105.30 (-85.70) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 30th December 2022So, once again yesterday we had witnessed the accuracy of technical analysis. Where on one hand, due to effectiveness of shooting star we had observed a gap down opening yesterday. On the other hand, we did also witness a beautiful bounce back in Nifty during the last Market hours. This positive bounce back, finally resulted in giving a stable closing of above 18170. Which altogether added on to the positive sentiments of the Market. For today, we can expect a beautiful positive momentum in Nifty. Which in turn, can help the index to reach our 2nd Resistance level of 18400. Furthermore, since today is last trading day of the calendar year 2022. So, we are very much positive for the market and hopeful to welcome the new year 2023 with more positivity and new highs. In the meanwhile, be stock specific and continue rebalancing your portfolio. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18191 (+68.50) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 28th December 2022Another consecutive day of witnessing a positive movement in Nifty. However, there is a slight disappointment, as Nifty made a high of around 18150 yesterday, which was just below our stated Resistance level of 18170. Moreover, observing a Hanging Man Formation on the Day chart of Nifty, is somehow indicating that some selling pressure can be witnessed today. So, in a way Today will be quite a crucial day for the Market. Besides, we have been continuously stating that this Month of December will be very crucial and volatile for the Market. As of now, we will have to patiently wait for the levels of 18170 and 18400 on closing basis. On the other hand, 17800 will continue to be our support level. Also, on observing the ongoing momentum of Nifty, it can be stated that its range of 17800-18400 is still active. Therefore, in the meanwhile, be stock specific and continue rebalancing your portfolio. Also, you can follow the cherry picking strategy with the stated support level of 17800. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18132.30 (+117.70) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
1
Morning Mantra, 27th December 2022Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise, we did witness the same yesterday itself. Moreover, as we have been consistently stating about being cautious for the Month of December. Similarly, it is expected that this week too, will be a little volatile. So be cautious. Besides, with the strong support level of 17800, be stock specific and continue rebalancing your portfolio. Also, you can follow the cherry picking strategy. Furthermore, as of now the near term Resistance level will be 18170 and 18400. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18014.60 (+207.80) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 26th December 2022Just as we had already cautioned on the 5th of December itself. Likewise, we did finally witness Nifty near its support level of 17800 once again, on the last trading day. Well, we are somewhat hopeful here, as we expect to witness a bounce back from the current levels of 17806.80 However, as we have already been stating about being cautious for 10-15 days of December, similarly it is being expected that this week as well will be a little dull for the Market. So, with the weekly support level of 17800, be a little cautious and be stock specific for another 1.5 weeks. Wherein, the level of 18170-18400 are the expected Resistance levels. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 17806.80 (-320.55) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 23rd December 2022So, finally yesterday we had witnessed a breakdown from the 18170 level, which altogether is somehow indicating a near term bearish mode in the Market. Wherein we can also see the level of 17800 in the upcoming days. Besides, we had been consistently stating about Nifty's crucial levels of 18400-18170-17800. When the Index broke the level of 18400, it did take an immediate support at around 18170. But unfortunately once again, the fear factor of COVID has somehow pulled down the Market towards 18127, which is below 18170. Also, considering the technical parameters, we had kept stating about portfolio rebalancing from time to time, since 1st of December itself, and likewise the results are very much apparent now. So, as of now 17800 is the support level and we are still with our expectation that the 10-15 days of December will be very crucial for the Market. Therefore, this is the time to wait and watch the Market with patience, to be stock specific and continue rebalancing your portfolio. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18127.35 (-71.75) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 21st December 2022Good Morning! Just as we had stated yesterday about waiting and watching the market's momentum along with the support level of 18170. Similarly, we did observe how beautifully the Index took a bounce back from the stated support level, as it made a low of around 18202, yesterday. Moreover, it was also observed that even after making a high of around 18404, the index couldn't sustain above the level of 18400 on closing basis. Which altogether indicates that the Market is currently trading in a range bound, i.e., between the levels of 18170-18400. Well for now, we can observe the formation of a hammer pattern on the Daily chart of Nifty, which yet again brings us the positive hope for a bounce back. Besides, just as we have been stating these days about our expectation that the Market will continue to trade in its range bound zone for the upcoming 10-15 days. So, be stock specific and continue with the rebalancing of your portfolio for now. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18385.30 (-35.15) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya