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Niftytrading

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
Morning Mantra - 22nd May 2023Dear All, Just as we had stated in our previous Morning Mantra update, about the struggle of Nifty at around the crucial level of 18200, similarly, we did also witness a closing of just around the stated level, i.e., at 18203.40 However, as of now, observing the pattern of a Long Legged Doji on the Day chart of Nifty, somehow indicates the probability of a reversal from here. So, once again with the stop loss of 17800, if Nifty manages to stably sustain above this crucial level of 18200, then we can expect to witness a new high in the upcoming days. Otherwise, we will have to go with another suitable strategy. In the Meanwhile, keep rebalancing your portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 26th June 2023Dear All, A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888. As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure in this week. So much so that, there’s even a probability to witness the level of 18400 , which has been a very crucial support level for Nifty, on closing basis. Therefore, tighten your seat belt and stay cautious against the volatility for this week as well, as it consists of 4 Trading days only. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 23rd June 2023Dear All, So, Yesterday was a perfect Roller Coaster Day for every Trader. Where the Market wasn’t so good and stable for the players. Besides, we did also see a lot of profit booking across the different sectors. Well as of now, we can observe the formation of an Evening star Doji on the Day chart of Nifty, which itself is indicating that we can observe another day in the Grip of the Bears. So, we need to remain cautious, for now. However, we are still with our words that the overall Market sentiments is still positive. But, somehow the Index is facing a lot of difficulty in crossing over above this crucial Resistance level of 18888. So, as of now, Portfolio Rebalancing is the only way to keep yourself prepared against any negative circumstances in the Market. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
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