Good Morning!
On the last Friday, we had observed an exceptional day of huge volatility. Where we had witnessed a beautiful short covering within the 1st 4-5 hours of the Trading session and thereafter some profit booking from the Traders.
Well in accordance to the previous Morning Mantra updates, we know that a stable closing of above 15900 is very important...
Good Morning!
Finally the D Day has arrived. Where taking a sharp move, Nifty has touched the level of 15850 from 18100 that too within just 6 weeks of time.
As of now, we could see how for almost the entire day, Nifty had struggled a lot to cross above the level of 15900, yesterday. Which however creates a concern. But the concern should be of a very narrow...
Good Morning!
In the yesterday’s trading session, we got to witness a short and a sharp covering from the day’s low of 15990 approx. Not just that but we also very well witnessed a sharp recovery in some of the stocks during the last 2 trading hours of the Market.
As of now, a very beautiful hammer formation (a positive sign) can be seen on the daily chart....
Good Morning!
Just as we had stated yesterday, about the chances of the Index taking a bounce back, similarly we did witness the same for almost the entire day, except for the last 40 minutes of the Yesterday’s Trading session.
Certainly it was during the last 30-40 minutes of the Trading session, that the Index took a sharp fall from the day’s high of around...
Good Morning!
Yesterday, we had witnessed a gap down opening in the Index and thereafter an index wise recovery was also observed. However, such a recovery was missing in the case of most of the stocks. Hence, once again, we are in the mood for a stock specific selection even Today.
As of now, with the support zone of 15850-15580 on the downside, and a...
Good Morning!
As per the Current Market Scenario, our support zone of 15580-15850 has been activated once again. However, a positive sentiment will be active only after witnessing a stable closing of above 16800.
Moreover, on the basis of the hourly chart setup of the index, we are expecting to witness a formation of an island gap.
Since the Market is highly...
Good Morning,
Just as we had stated yesterday, similarly we did observe how volatile the Market was, during the Yesterday’s Trading Session. As the index initially made a high of around 16945 and then a low of around 16651, during the day itself. Thereby, once again giving us a closing of below the crucial support level of 16800, i.e., of around 16682
Moving...
Good Morning,
Currently, the Indian Market seems to be waiting for a big IPO.
Meanwhile, on the last trading day, we had observed a gap down opening in the Index, and thereafter also a good recovery had been observed on the same day, itself.
As of now, we are still quite optimistic and can say that with the stop loss of 16800, the index seems to be moving...
Good Morning!
As we had stated in the last trading session, similarly we did witness how beautifully the index managed to cross over and trade above its crucial level of Resistance of 17300 for almost the entire day. However, unfortunately, facing the selling pressure in the last 40-45 minutes, resulted in a closing of around 17102.55
Therefore, we can observe...
Good Morning,
On witnessing a gap down opening in Nifty, yesterday, we did also observe how thereafter the Market continued to trade in its consolidation zone, with a very little momentum.
Also, once again it failed to either cross above the level of 17300 or break down the support level of 16800.
Moreover, since today is a Monthly Expiry, it is being...
Good Morning,
After a gap down closing and lots of Doji formations on the chart, we can say that Nifty is somehow still trading in its consolidation phase. Which in turn, is creating a sense of cautiousness in the Market.
In fact, as per the current scenario, it will be better to avoid being too aggressive and to instead wait for the index to take a direction...
Nifty has made indecisive candle on weekly chart .
Cutting high and low of doji will decide the move for further.
For now we will again test fresh lows of 17050
And if sustain below 16800 on strong closing by daily candle road for 16600/16450 will be smooth.
For fresh buying Only buy above 17450 closing on daily basis.Nifty will take resistance at each different...
