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Morning Mantra, 19th December 2022Good Morning! We are glad that our pre-updates on being cautious in the Market, could help all our followers during the previous week. Well, as of now, on observing the formation of an inverted hammer, both on the Daily as well as Weekly chart of Nifty, we are quite hopeful for a bounce back in Nifty. Which if happens, then we can witness a positive closing of above 18400 in Nifty. Although, it is also being expected that somehow the Market can stay a little dull for the upcoming 1-2 weeks. So, stay stock specific, with an immediate support of 18170, as of now. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18269 (-145.90) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 16th December 2022Just as we had stated yesterday about being cautious as a result of witnessing the Doji formation on the daily chart of Nifty. Likewise, we can see that the Index is back near to its support level of 18400 once again. Well for now, let's consider Today as a No Trading Day! Moreover, since today is the last trading day of this week, so be a little cautious along with being stock specific. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18400   Nifty’s Previous Day Closing - 18414.90 (-245.40) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 15th December 2022Fascinatingly, just as we had stated yesterday itself about the need to witness a closing of above 18666. Likewise fortunately or unfortunately, Nifty has given a closing of 18660.30, yesterday. So, make sure that you don’t miss our Morning Mantra update every trading day. Well as of now, observing a crossed Doji formation on the Daily chart is somehow signifying the need to be cautious once again. Besides, we are still with our words, that in order to witness some magical moments towards an upside, we need a stable closing of above 18666. In the meanwhile, be stock specific and be a little cautious with our stated support levels of 18400 and 17800 in the near term. Also, this is an ideal time for portfolio rebalancing and to follow the Cherry Picking Strategy. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18660.30 (+52.30) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 14th December 2022What an amazing day it was, yesterday! As observing the yesterday’s trading session, we can state that somewhere or the other, the Market has very well accepted the stated level of 18400 as its support. Which is why, we had finally witnessed a beautiful closing of 18608 in Nifty, yesterday. Well as of now, we need a positive and a stable closing of above 18666, for some magical moments in the Market. In the meanwhile, be a little cautious and with the stated support levels of 18400 and 17800 continue rebalancing your portfolio. Moreover, be stock specific and follow the Cherry Picking Strategy. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18608 (+110.85) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 13th December 2022What a day it was Yesterday! Where, beginning with the gap down opening at around 18402, the Index gradually created a little panic when it made a low of around 18345, during the initial Market hours. However, once again signifying the Importance of the stated support level of 18400, the Index showed a beautiful recovery, first by making a high of 18521 approx and then by ultimately giving a closing of around 18497. Although the closing is somehow a clear indication of the indecisive condition of the Market. Since for the 2 consecutive trading days we have witnessed a closing of around 18500. Observing the current Market scenario, it will be a better option, to avoid panicking and instead wait and watch the Market's momentum, with the support levels of 18400 and 17800, as of now. In the meantime, continue being stock specific. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18497.15 (+0.55) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 12th December 2022We are glad that we did constantly pre-update our readers throughout the previous week, about being cautious in the Market. Also, to wait and watch for the Market to decide its direction. Likewise, on the last trading day, we had clearly observed the importance of the stated crucial support level of 18400. As after taking a beautiful support at the level of 18410, Nifty showed a significant recovery on a closing basis. However, going by this strength in the Market, we are still positive on Nifty with the support levels of 18400 and 17800. Moreover, it is expected that this week altogether can somehow help us in identifying Nifty's move for the upcoming days. Thus, in the meantime, 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 - 18496.60 (-112.75) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 8th December 2022Just as we have been consistently stating about being cautious, these days. Similarly, we can observe that from the past 3 consecutive days, we have been witnessing back to back lower lows on closing basis, in Nifty. Which altogether is raising a concern and also the need to be cautious, at present. Besides, with the stated support levels of 18400 in the near term and 17800 in the medium term, we will now wait and watch the Market’s momentum for the remaining 2 trading days of this week. 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 - 18560.50 (-82.25) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 7th December 2022Just as we had stated yesterday about being cautious as of now. Likewise, we did observe in the yesterday's trading session, that somehow the Index is now a little exhausted at its upper levels. So, along with being cautious, now is the ideal time to work upon rebalancing your portfolios and being stock specific with our stated support levels of 18400 and 17800. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18642.75 (-58.30) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 6th December 2022Just as we had stated yesterday, about being cautious at the present moment. Similarly, we did observe that somehow throughout the entire day, the index had been trading in a specific zone and had ultimately ended with a flat closing. Moreover, since the market seems to be consolidating as of now, it will be suggested to remain cautious, be stock specific and continue with the reviewing of your portfolio. Also, cherry picking strategy can be followed here, with the near term and medium term support levels of 18400 and 17800, respectively. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18701.05 (+4.95) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 5th December 2022Good Morning! We are glad that we could pre aware our followers, about being cautious on the last trading day. As by the end of the day, on Friday, we did observe a significant supply pressure in the Market. Well for now, there’s a need to be cautious as we have entered the month of December, which is the end of the Financial Year of the FIIs. Moreover, we are still with our words that with the support level of 18400 as of now, it is a good time to review your portfolio. Whereas, on a medium term, the support level can be 17800. So, with these support levels, be quite cautious, be stock specific and maintain a balanced approach towards your portfolio. Happy Investing! Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18696.10 (-116.40) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 1st December 2022Good Morning! Another amazing day, where Nifty had decided to break all its records by making a fresh new all time high of 18,816.05, yesterday. Well now that you are enjoying this momentum, staying cautious at the same time, is the need of the hour. Since today is the weekly settlement day. So, let’s take this day to wait and watch the Market’s momentum. In the meanwhile, as we have shifted our support level from 17800 to 18400. So, with this new support level, be stock specific and go for portfolio review as this is the ideal time for portfolio rebalancing. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18758.35 (+140.30) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 29th November 2022So, Finally yesterday, we witnessed a beautiful lifetime new high, and a 52 week high of 18614.25 in Nifty. Apart from that, just as we had stated yesterday that we have to wait for 1 or 2 trading days at least, for a beautiful confirmation of above 18500 on a closing basis from Nifty. Therefore, once again, if the index manages to sustain above this stated level even today, then we can move ahead for our next decision. Until then, with the support level of 17800 we are still quite positive on the Market with some cautiousness, which is why we are in the favour of being stock specific. So, continue being stock specific as of now and start reviewing your portfolio at this new all time high situation of the Market. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18562.75 (+50.00) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 28th November 2022So, finally on the last trading day (Friday) we had observed a closing of above our stated crucial Resistance level of 18500. However, since this closing of just above the stated level is somehow not enough to conclude as of now. Therefore, it will be suggested to wait for another 1 or 2 trading days for a much positive and stable closing of above 18500. So until then, continue being stock specific. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18512.75 (28.65) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 25th November 2022Just as we had stated on the 21st of November 2022 itself, about the probability of Nifty achieving its target of 18500. Similarly, it was finally yesterday that Nifty managed to not only achieve this stated target level, but did also make a 52 week high of 18529.70, along with an all time high closing of 18484.10. Moreover, since today is the last trading day of the week, we might get to witness some volatility in the Market today. So be cautious, be stock specific, do not panic and with fingers crossed let us positively hope for a stable closing of above 18500 today. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18484.10 (+216.85) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 22nd November 2022A Gap down opening along with a few doji formations on yesterday's hourly chart, has been a clear indication of the indecisive mode of the Market. Wherein, we had clearly seen a beautiful rally in the PSU Banks, which has somehow proven being stock specific, as absolutely correct. So, altogether we are still with our words that with the support level of 17800 in Nifty, we are hopeful for a positive sentimental rally towards 18500. Therefore, until then be stock specific and follow the Cherry Picking Strategy for long term. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18159.95 (-147.70) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Nifty Forecast with Neowave NSE:NIFTY Hi everyone First Lets see out previous forecast. As you can see in below image , previously we were expecting an bullish structure and a correction, which we did as you can see in our current forecast. Now Lets talk abt current neowave structure As you can see in the chart we have completed wave-M1 and currently we are in wave- M2. Further in wave M2, we have already completed two leg of correction called SC1 and SC 2, which means half of the correction is completed. we may see further SC3 only or up to SC 5. So After this correction, structure should proceed for wave M 3 as long as we are above invalidation levels. and this is out current structure. I also want to show you the below image as we are facing an major resistance at 18118 and due to this we can see an wave - LC5. If you like the idea, plz like and share it. Thank You
NSE:NIFTY
by Neowave-forecast
1
Nifty Daily Levels Update For Option Day Trading Nifty Option Day Trading Setup BUY CALL OPTION Tomorrow First Up Side Possible Trade in Nifty50 – If Nifty Open Gap Down Near Support Trade Entry – If Nifty Sustain above Support Zone (15918 – 15905) You Can Buy ATM CALL Option ( 15900 CALL) Nifty Target – Nfty Upside First Target is 16000 & 16058 Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 15905 then Exit from Trade or max . 20/25 Points Stoploss . Tomorrow Secnd Up Side Possible Trade in Nifty50 – If Nifty Open Gap Up Above Resistance Trade Entry – If Nifty Sustain Above Resistance Zone (16058 – 16044) Buy 16000 CE Option Contract Trade Target – Nfty Down side First Target is 16168 and second target is 16220 Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (16044) or max . 20/25 Points Stoploss BUY PUT OPTION Tomorrow First Possible Down Side Trade in Nifty50 – If Nifty Open Gap Up Near Resistance Trade Entry – If Nifty Sustain Below Resistance Zone (16058 – 16044) Buy 16050 PE Option Contract Trade Target – Nfty Down side First Target is 15917 and second target is 15860 Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (16058) or max . 20/25 Points Stoploss Tomorrow Second Possible Down Side Trade in Nifty50 Trade Entry – If Nifty Sustain Below Support Zone (15918 – 15905) Buy 15900 PE Option Contract Trade Target – Nfty Down side First Target is 15800 and second target is 15700 Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (15918) or max . 20/25 Points Stoploss
NSE:NIFTY
by manojshinde27
Nifty Extended But In A Limited Price RangeNifty has made a wammie bottom on the 4-hour timeframe chart. It is forming on the descending channel. Currently, Nifty is facing resistance on the upper band of the descending channel. There is a strong resistance as well as a confluence zone of 16400 . If nifty breaks the resistance level of 16400, it will be confirmation of an upward march for 16518 – 16708 – 16820 . The upper band reacts as a supply zone to the price. Also, highs price attracts sellers more. If nifty sustains below 16400 , traders can expect the following swing targets: 16161 – 16088 – 16014 .
NSE:NIFTY
by forextidings
2
Morning Mantra, 7th June 2022Good Morning! In the yesterday’s trading session, we observed a negative opening from Nifty. Followed by a beautiful recovery in the 2nd half and then a flat closing at the end of the day. Observing the indices momentum throughout the day, we can see that somewhere or the other the index is repeatedly facing a strong support at the level of around 16400. Thereby showing the strength in the Market. Moreover, as Nifty is still trading in its consolidation phase of 16700-16400, we will have to wait for an either side breakout or breakdown from the index . Also, as per the market’s stock specific momentum throughout the day, it will be suggested to continue being stock specific, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 06.06.22 - 16569.55 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya