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Morning Mantra - 22nd June 2023Dear All, Yes it was a wonderful day yesterday. Yet it was somehow a confused one, as we can also observe the formation of a Doji pattern at this upper level. Indeed we are very close to the level of 18888, and we are also observing the strength of this Crucial Resistance level, as Nifty is facing a lot of difficulty in crossing over above it. Where, once after Nifty successfully manages to cross over this level, then we can also witness the level of 19200, in the coming time. Furthermore, these 2 trading days (i.e., Thursday & Friday ) will somehow be very crucial for the Market. Besides, today is day of weekly settlement. So, in such a situation, “cautiousness” is the right word for the Market, as of now. While on the other hand, a beautiful rally from many of the mid-cap stocks is indicating a mixed reaction of the Market and a perfect fight situation between the bull and the bear. So here, Portfolio Rebalancing is an appropriate strategy to be followed. Also, be stock specific and keep following the Cherry Picking strategy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 21st June 2023Dear All, Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself. That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter. Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern. Besides, currently we are once again very near to the level of 18888. Therefore, we are expecting that somehow by this week, Nifty can show us a crossover of above this crucial Resistance level of 18888. Last but not the least, on a special note, since the Market is very near to its New High, we must continue Rebalancing our Portfolio. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 20th June 2023Dear All, Even after making a high of 18881.45 yesterday, Nifty had somehow failed to crossover the level of 18888 that we had stated on the 14th of June, 2023 as well as yesterday. Moreover, as per the Day chart setup, we can now observe the formation of a Dark Cloud Cover, which being a bearish indicator can bring some weakness in the Market as of now. While on the other hand, as per the hourly chart setup, we are quite optimistic about witnessing a bounce back Today. So overall, Today will be a very crucial day for the Market, once again. Besides, one might wonder the reason behind witnessing so many crucial days. Well that’s because we are now very near to the Fresh New High, where it is quite natural to witness a huge volatility at the upper levels. Therefore, as of now, we have to stay cautious and continue rebalancing your portfolio along with following the Cherry picking methodology. Last but not the least, with the support level of 18400 we are quite optimistic for the Market. On the other hand, the level of 18888 remains to be the crucial Resistance level for the Market, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 15th June 2023Dear All, So yesterday was another confused day for the Market. Where on the one hand, the overall sentiments are still positive, while on the other there is a tough fight going on between the bull and the bear. For now, since Today is the crucial Thursday of the crucial week, it will somehow be better to consider today as a “No Trade Day”, and wait for Nifty to make the final decision. Which can be to either give a clear cut breakout as per the Day chart, or to take a Week more to decide its final direction for us. In the meanwhile, keep rebalancing your portfolio here and be stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 13th June 2033Dear All, Once again the week starts with a Doji formation. However, this time, there’s some positivity to it, i.e., we can now observe the formation of a Bullish Harami Cross pattern on the Day chart of Nifty. Which altogether indicates that the Market can show us some further bullish momentum, Today. So, we can very well utilise this optimistic mood of the Market. Yes lately, around the level of 18600, there has been a tough fight going on between the bull and the bear, which somehow was quite natural and expected. But for today, we are quite positive on the Market. So, Keep Trading, Keep Investing and keep Rebalancing your Portfolio at the current levels. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty Trading Plan with Buy and Sell Signal The Nifty End of week Analysis to Understand the Nifty sentiment and Identify Potential Trading Opportunities for Next Trading Day . Nifty Demand and supply zones are Price levels on Chart where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator for Nifty Intraday Trading Support Zones for Nifty are as Given Below S1-18535 S2-18484 S3 -18445 S4 - 18400 Resistance Zones for Nifty are as Given Below R1- 18590 R2 -18640 R3 -18670 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis -0.65 ( Bearish) Max Pain As per Option Chain Analysis -18600 Major Resistance as Per Nifty Open Interest Analysis -18700 Major Support as Per Nifty Open Interest Analysis - 18400 Nifty is in Bearish Mood from Last Two Days , RBI pollicy is one of the reasone and Russia Ukrain condition is also global reason . Nifty Long Opportunity tomorrow in Intraday Trading - If Nifty Sustain Above 18540 then its Good Buying Opprtunity and Next Buying Opprutunity is Near Support 18500 and 18445 . Nifty Short opportunity tomorrow in Intraday Trading - As nifty is in Short term Down Trend , so we can take short trade near Resistance If Nifty not break Resistance of 18640 then its Good shorting Opprtunity and Next shorting Opprutunity is Near Support 18670 if Sustain above these resistance then dont short . For Live Market Chart analysis and Support msg me
NSE:NIFTY
by manojshinde27
4
Morning Mantra - 8th June 2023Dear All, After lots of Doji formation, we have now finally observed a bullish candle on the chart of Nifty. So, as of now it seems that we are very near to witnessing a new high. Yes, it’s a crucial stage for every Trader & Investor. So, apart from being happy we also have to be a little cautious here. As at a New High, it somehow becomes the matter of a Psychological Effect, wherein even a selling pressure can be observed in such a situation. Although, the best part is that we have already been stating to keep Rebalancing your Portfolio since 1-2 weeks, because it is good to do so at any major event like New High, Budget etc Overall, as of now, be cautious, keep rebalancing your portfolio and keep following the Cherry Picking strategy with an immediate stop loss of 18400 and 18200. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 7th June 2023Dear All, The back to back Doji formations at this upper level is clearly showing a fight between the bull and the bear. Even yesterday we had observed a Doji formation on the Day chart of Nifty. So, currently we have to wait for an either side of breakout above 18600 or breakdown below 18400 . In the meanwhile, continue rebalancing your portfolio and keep following the Cherry Picking strategy. Also, avoid exposure trading, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 5th June 2023Dear All, We can see that the Market is currently trading in a consolidation zone. Wherein, it can be observed that there’s a fight going on between the bull and the bear at this level. However, on a positive note we did get a weekly closing of above 18400 on the Last Friday. So overall, with this positive Market Sentiment, we are still with our words that with the stop loss of 18400 on immediate basis and 18200 on the medium term basis, continue Rebalancing your Portfolio and keep following the Cherry picking strategy , as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 30th May 2023Dear All, What a beautiful day it was yesterday. Starting with a Gap Up Opening, we did also observe the Market sentiments becoming more positive. However, since there was a choppy sideways movement in Nifty for almost the entire day, yesterday. Consequently we can now also observe the formation of a Cross Doji pattern on the Day chart of Nifty, which is indicating the indecision mood of market at this level. Now, the level of 18600 will play a very crucial Role in the Market. Wherein, the effect of Portfolio Rebalancing will also be visible. Besides, it will indeed be a good idea to keep following this strategy of rebalancing your Portfolio here. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 17th May 2023Dear All, Since “ Everyday is not a Sunday ”, we can say that yesterday was indeed not a day in favour of the bulls. However, witnessing this supply pressure at the upper levels yesterday, had somehow proven our statement of “Rebalancing the Portfolio” , to be absolutely on point, once again. Besides, in this journey of speedy recovery from 16800 to 18400, observing such kind of a supply pressure is quite normal. Furthermore, we are still with our words that with the stop loss of 17800, we are still quite bullish on the Market. Wherein, we have to discount such pullbacks from time to time. As of now, the presence of a Bullish Engulfing pattern on the Day chart of Nifty is somehow indicating that a little more supply pressure at the upper levels, can be witnessed in the Market. Therefore, taking these supply pressures on a positive note, go with the notion of Rebalancing your Portfolio and keep following the Cherry Picking strategy , for now. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 12th May 2023Dear All, Just as we had already stated yesterday about being cautious. Similarly, we did witness a supply pressure in the Market yesterday itself. However, on a positive note we had still witnessed a closing of above 18200. Since today is the last trading day of this week, let’s keep our fingers crossed for a positive and a stable weekly closing of above 18200. As only after that, we can expect some further positive momentum in Nifty in the forthcoming days. So, for today with the support level of 17800, keep rebalancing your portfolio and wait and watch for a positive weekly closing. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Simple Trade Setup | NIFTY | 09-05-2023 [INTRADAY]NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 09-05-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
Nifty 50 Trading view for 02 May 2023Nifty50 closed 18065 as FIIs cash purchase was 3304.3 CR and DIIs bought 264.3 CR (Net positive of 3568.6). SGX nifty signals a gap up. Today the market is expected to be in the range of 18100 on the upper side and 17800 on the lower side. Short-Term Levels: Resistance: 67.99 LAC Call OI buildup @ 18200 level Support: 99.1 Lacs Put OI buildup @ 18000 level (STRONG SUPPORT @ 17800 LEVEL - 88.45 LAC) 17800 still seems to be a crucial support level (make or break level) Do keep a close watch on these levels and nearby strike prices to determine the next move in the market. It is important to keep a close watch on VIX as it's low (10.95%). An increment in VIX will indicate uncertainty in the market, further causing the Index to dip. Any negative news can impact this. The overall sentiment is bullish, but it's important for the index to retain its position above 17800 levels and cross 18233 levels to see further upside. Suggested to trade in limited quantities with strict stop loss or hedging strategy. Chart Pattern: The index witnessed a breakout from the cup and handle pattern on the charts. A large green candle with a short wick at the bottom indicates confidence in the market and further upside. Also, the index is above 200 DMA, which signals a positive sign. The index must cross the 18233 level to see a further upside of 18500. Possible Trading Levels: UPSIDE TRADE: Buy only above 18080 >>>>> Buy ITM 18050 CE. (TGT 18130 | SL 18030) DOWNSIDE TRADE: Sell only below 17980 >>>>> Buy ITM 18050 PE (TGT 17930 | SL 18050) Things to account for 02 May 2023: 1. FED set to raise Interest rates to 16-year high and debate a pause - as per WSJ projection. Any further increase in FED rates which is scheduled to be declared on 3rd May can impact the index. The Fed raised the fed funds rate by 25bps to 4.75%-5% in March 2023, matching the February increase, and pushing borrowing costs to new highs since 2007, as inflation remains elevated. The decision came in line with expectations from most investors although some believed the central bank should pause the tightening cycle to shore up financial stability. There could be speculation in the market today and tomorrow about the FED Interest Rate Decision. 2. DOW JONES Down -56.11, OR -0.16 PERCENT, AT 34042 despite opening positive 34,139.81. This can have a bearing on today's trade as further upside will be based on global cues. 3. U.S ISM MANUFACTURING EMPLOYMENT (APR) ACTUAL: 50.2 VS 46.9 PREVIOUS; EST 47.9. This is positive news. 4. U.S MANUFACTURING PMI (APR) ACTUAL: 50.2 VS 50.4 PREVIOUS; EST 50.4. This is positive news. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75