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Niftytrading

Morning Mantra - 17th July 2023Dear 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 portfolio rebalancing and Cherry picking will be a good idea here, with the stop loss of 19300 on immediate basis and 18700 on medium term. Furthermore, since the Result season has just started, therefore we have to remain a little cautious here. Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 14th July 2023Dear 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 a shooting star on weekly basis is somehow indicating the fight that has been going on between the bull and the bear. Altogether, this is a clear indication that we now need a weekly closing higher than that of the previous week. Therefore, we are still with our words, that for a clear cut indication, we now need to witness either a fresh breakout of 19550 or a breakdown of 19300 from Nifty. Until then, continue rebalancing your portfolio and keep following the Cherry picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 13th July 2023Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have to be quite cautious here, and have to wait for an either side movement in Nifty, i.e., either a breakout of 19550 or breakdown of 19300. In the meanwhile, keep following the Cherry Picking Strategy with the stop loss of 19300 and 18700. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
2
Morning Mantra - 12th July 2023Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need to witness an either side movement from Nifty, i.e., either a breakout of the 19550 level, or a breakdown of 19300 level. So, until Nifty is trading between the levels of 19550-19300 , we can keep Rebalancing our Portfolio, along with being a little cautious here, as the season of Results has started. Last but not the least, it is being observed that most of the stocks are either at their fresh new high, or are trading near their breakout levels. So, it is indeed a good time for some Cherry picking, here. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 10th July 2023Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at its Fresh New High. Well for now, we can observe a Shooting Star formation on the Day as well as Weekly chart of Nifty. So here again, we are expecting to witness a little selling pressure. But somehow on the positive note, it is being expected that BankNifty can play a crucial role, this week as well. Therefore, now we have to give some time to the Market to take a pause, and both the Traders as well as the Investors, need to patiently watch for the final Market Momentum, throughout this crucial week. Besides, we are still with our words that with the stop loss of 19200 and 18700, keep Rebalancing your Portfolio and keep following the Cherry picking strategy, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Nifty Trade Setup for 07-07-2023Nifty Important intraday levels to watch for 07-07-2023 #Support: 19440 Short if candle closes below 19440 #resistance: 19510 Long if candle closes above 19510. #Targets on downside after break of support. Target 1= 19380 Target 2= 19345 #Targets on upside after break of resistance. Target 1= 19560 Target 2 = 19630 Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
Morning Mantra - 7th July 2023Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days. Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here. In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 6th July 2023Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity for Cherry Picking along with the stop loss of 18700. Last but not the least, Today is an important day , since it is a day of Weekly Settlement. Therefore be cautious , be stock specific and keep rebalancing your portfolio as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Nifty Trade Setup for 05-07-2023Nifty Important intraday levels to watch for 05-07-2023 #Current Price: 19385 #Support: 19360 Short if candle closes below 19360. #resistance: 19400 Long if candle closes above 19400. #Targets on downside after break of support. Target 1= 19300 Target 2= 19250 Target 3= 19180 #Targets on upside after break of resistance. Target 1= 19480 Target 2 = 19550 Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
Morning Mantra - 5th July 2023Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the meanwhile, keep following the Cherry picking strategy and keep Rebalancing your Portfolio with the stated support levels, as of now. As Nifty is in an open territory, which indicates that anything can happen in the Market as of now. So don’t Miss the rally and be cautious along with being stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 4th July 2023Dear All, As per the chart of Nifty, the Index is currently trading in an open territory. Where it had also made a New High of 19345, yesterday, along with a closing at the upper level. So, as of now, considering these factors, specially the fact that Nifty is trading in its all new horizon now, we are still our words to remain cautious here, with the following Cherry picking strategy and Portfolio Rebalancing, with the support of 18700. Moreover, the way Nifty has been performing since the last 4 days, signifies that we should enjoy the Waves, but we should also be cautious in the time of High tide or low tide. Since this is the situation of High Tide, therefore it is better to be careful as of now. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 3rd July 2023Dear All, We can start this New Month on a positive note, as finally Nifty is at its Fresh New High as per the Daily, Weekly and Monthly Chart Basis. On the Monthly basis, we have observed the beautiful effect of a Morning Star Doji pattern which was seen on the chart of Nifty in the Month of April. Consequently, both May & June had turned out to be positive for the Market. As even our 2 important stated levels of 18888 and 19200, were achieved by Nifty in back to back 2 days. Now, on the basis of Daily chart of Nifty, we can say that these rapid achievements of Nifty, is somehow indicating the need for cautiousness . Even though the bulls have made a beautiful victory in the battle with the bears. It will be better to avoid being very aggressive in the Market as of now, since Nifty is at its fresh new high. At this time, it will be favourable to be cautious, to be stock specific and to keep Rebalancing the Portfolio , as most of the stocks are at their Neckline. Last but not the least, we can now uplift our level of stop loss from 18400 to 18700, and follow the Cherry picking strategy with the support of the same. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 19th June 2023Dear All, Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826. Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing basis. Where if Nifty gives a closing of above 18888 this week , then we can witness a further New High of around 19200 in the upcoming days. And it is only then, that we will trail our stop loss to the upper level. Until then, keep Rebalancing your Portfolio and keep following the Cherry picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 30th June 2023Dear All, So finally we have witnessed a beautiful closing of above 18888, i.e., at 18972 in Nifty, on the previous trading day of this week. So now our next target is of 19200. Wherein, as per the current scenario we are very much optimistic on Nifty for achieving this Target by today itself. Moreover, as every event has two sides, i.e., a positive and a negative one. So, on the one hand, we can achieve our expected target of 19200 by today. On the other hand, it is very necessary for us to become cautious here at the upper level. As a Fresh New High, can somehow trigger a supply pressure here. Last but not the least, just as we had stated earlier, upon witnessing a closing of above 18888, we can now uplift our stop loss levels from 18400-18200 to 18700-18400, and follow the Cherry picking strategy with the support of the same. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 28th June 2023Dear All, So yesterday, we saw the impact of a Doji pattern, along with the previous candle, altogether called as the Cross harami pattern formation. Where after a weak opening yesterday, Nifty made a beautiful rise in the second half. Now, we are once again very close to our Fresh New High in Nifty. As we are now at 18817, so above 18888, we can see a further upside in the Market. With this, I hope that we can celebrate this festival vibe with Nifty’s New High. So, on this positive note, stay stock specific and keep Rebalancing your Portfolio, as of now. Keep Trading! Keep Investing! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 27th June 2023Dear All, Just as we had stated yesterday itself, about receiving a signal from Nifty, via the formation of a Dark Cloud Cover on its weekly chart. Likewise, we did observe a selling pressure in the Market till the second half. Although in the later half, we did also witness some recovery in Nifty. Consequently, we can now observe the formation of a Cross Doji pattern on the Day chart of Nifty. Which is somehow indicating the probability of witnessing a reversal Today. Indeed we can once again become optimistic regarding this Reversal, as it might take Nifty to its new high . However, as stated yesterday as well, this week will somehow be very crucial for the Market, as we have only 3 more trading days to go in this week. Last but not the least, with the stop loss of 18400 on closing basis, we are still bullish on Nifty. Where in the meanwhile, be stock specific and keep Rebalancing the Portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 16th June 2023Dear All, Just as we had stated yesterday about considering the Day as a “No Trade Day” , Likewise we did also witness a lot of volatility in the Market yesterday . Wherein, a major supply pressure was witnessed in the Banking Sector. Therefore overall, a tough fight between the bull and the bear, is being observed here at the upper levels. A positive buying number from FII on the one hand, and on the other hand, the supply pressure that is being observed in the Market is somehow indicating that the Market Players are Rebalancing their Portfolio here. So, be cautious and keep rebalancing your portfolio at the current levels. Last but not the least, the Market Sentiments are still positive for a New High, with the stop loss of 18400. 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 - 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