Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then...
Nifty important intraday levels to watch for 02-07-2023 #Support: 19710 Short if candle closes below 19710 #resistance: 19765 Long if candle closes above 19765 #Targets on downside after break of support. Target 1= 19630 Target 2= 19560 #Targets on upside after break of resistance. Target 1= 19820 Target 2= 19865 Remember each level will act as a support...
Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new...
Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a ...
Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that...
Bullish Gartley Buy PRZ - 19460/19515 SL - 19380 Target - 19640/19700 Try To Buy Near 19460 If Get Opportunity
Dear All, Just as we had stated yesterday, about our expectation of witnessing a selling pressure . Likewise the same was observed in the Market yesterday itself. Moreover, yesterday Nifty made a low of 19603, which was somehow very near to our stated support level of 19550 (with a difference of only 50 points approx). Furthermore, since today is...
Dear All, Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself. So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550. Therefore, in such a situation we have to be stock specific and have to keep...
Dear All, From back to back 2 days, we have been witnessing a supply pressure in Nifty. Where on the other hand, we have also been witnessing a stock specific momentum in the Market. Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today . Furthermore, it...
Dear All, Just as we had stated yesterday about witnessing a supply pressure from the current levels as a result of the shooting star formation on the weekly chart of Nifty. Likewise the very same was observed in the Market yesterday itself. For now, the level of 19550 will remain to be the level of support for Nifty. With which, we can continue...
Dear All, Just as we had stated in our last Morning Mantra update on Friday, that since the Index had almost achieved its psychological target of 20000, therefore a little profit booking is expected to be witnessed at the current levels. Likewise, the very same was observed on Friday itself, since after showing a Gap Down opening, we got to see a ...
Dear All, Finally yesterday, Nifty had almost achieved its target level of 20000, as it was just missed by 10 points. As of now the concern is that we are on the top, so here once again cautiousness will be the important tool. Moreover, since today is the last trading day of the week, so it will be suggested to be stock specific and to keep...
Dear All, So yesterday was altogether a roller coaster day for the Market, where Nifty opened at 19802.95, then gradually made a low of 19727.45 during the day and then finally gave us a positive closing of 19833.15 However, the formation of a Hanging Man pattern on the Day chart setup is somehow indicating that a little supply pressure can be...
Nifty will be FLAT opening in today's session. After opening nifty start trading above 19800 level and then possible upside rally up to 19930 in today's session. in case nifty trades below 19740 level then the downside target can go up to the 19620 level.
Dear All, On observing the yesterday’s market momentum, it seemed like it was altogether a Rest day for Nifty. As after making a high of 19819.45 and a low of 19690.20, Nifty finally made a closing in an indecisive mode , with no clear cut indication. Besides, in the midst of all this, the positive data from the FII, along with the IT sector’s...
Dear All, Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout. As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the ...
Dear All, Finally Nifty took a breakout of above 19550 level on weekly basis , which indeed is a very good sign as of now. Wherein, no doubt IT & Metal Industry have somehow contributed in this uprise. Moreover, we are now expecting the same from few other sectors as well, in the upcoming week. As of now, we are still with our words that ...
Dear All, Yesterday was another day of witnessing a major supply from upper levels in Nifty. After which, we can now observe a red candle on the chart once again. Today, being the last trading of the week, we have to specially mention about the weekly body pattern, formed until yesterday, which is like a Doji formation. So, observing a Doji after...