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$NIFTY likely to GAP UP for 13th March Monday around 17475Nifty at this stage is not very clear in direction. However, looking at the last candle (Friday's daily candle) it has a positive look. This comes out because Buyers have been able to hold the sellers to take price low further after a huge gap down. Now there are two confusing/conflicting images that come out when you compare weekly time frame candles Vs 15 min timeframe candles. Weekly candle shows negative outlook, however 15 min tf is at a stage of breakout either side, i.e. if price breaks up of 17400 then it has positive bias to close the gap. Any break on downside 1730 shows a potential downside till 17200 (1st target) and 17200 (2nd target). So how to read this market? My take is the following: 1. The higher Weekly timeframe will hold true, i.e. this week price will go down or form a doji in case if reversal/slow down of the trend is going to happen. This is because this week will define if Buyers will exit their trade and let sellers take market down. 2. Having said that, For Monday, basis Friday's daily candle, price is most likely to open Gap up some where around 17475 allowing Buyers to exit their positions and then day would close negative.
NSE:NIFTYShort
by abhi1invest
Morning Mantra, 23rd December 2022So, finally yesterday we had witnessed a breakdown from the 18170 level, which altogether is somehow indicating a near term bearish mode in the Market. Wherein we can also see the level of 17800 in the upcoming days. Besides, we had been consistently stating about Nifty's crucial levels of 18400-18170-17800. When the Index broke the level of 18400, it did take an immediate support at around 18170. But unfortunately once again, the fear factor of COVID has somehow pulled down the Market towards 18127, which is below 18170. Also, considering the technical parameters, we had kept stating about portfolio rebalancing from time to time, since 1st of December itself, and likewise the results are very much apparent now. So, as of now 17800 is the support level and we are still with our expectation that the 10-15 days of December will be very crucial for the Market. Therefore, this is the time to wait and watch the Market with patience, to be stock specific and continue rebalancing your portfolio. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing :- 18127.35 (-71.75) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 7th November 2022Good Morning, Just as we have been stating that above the level of 17800, Nifty is ready for a new high. Likewise, we are witnessing the same. As so far, after crossing over the stated level, Nifty has beautifully managed to achieve its target of 18100. Also, somehow the good corporate numbers have been supporting the Market sentiments. So with this and with the support level of 17800 on a weekly basis, get ready for a New Market momentum. Furthermore, keep following the stock specific strategy as of now. Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18117.15 (64.45) Regards,  Alok Daiya
NSE:NIFTYLong
by alokdaiya
1
Morning Mantra, 22nd September 2022Greetings of the Day! Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis. Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels. Until then continue being stock specific. Happy Trading! Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17718.35 (-97.90) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 28th July 2022Good Morning! Gladly, yesterday itself we had restated about the overall Market sentiments being positive and on the very same day we got to witness a good stock specific momentum and a recovery of almost 158 points in Nifty, on a closing basis. Well as of now, we are still with our words, that the positivity in the Market will be boosted once we get a stable weekly closing of above 16700. Moreover, the stated level of stop loss remains to be the same as of now, i.e., at 16300. Continue being stock specific and stay cautious. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16641.80 (157.95) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 6th July 2022Good Morning! It has been quite a few days now that Nifty has been repeatedly following a pattern of not being able to cross over the crucial Resistance levels of 15850-15950 on a closing basis. On the other hand, on a positive note, it has also been beautifully taking a support at our stated level of 15700. Thereby, indicating some hope & positivity in the Market. As even yesterday, even after making a beautiful high of around 16025 in the first half, Nifty had somehow failed to stably sustain over the stated levels of 15850-15950 on a closing basis. Which has, once again created a concern. Therefore, on considering this rigid cycle of momentum by Nifty, we will have to stay cautious as of now, and wait for Nifty to take a clear cut direction of either above the Resistance zone of 15850-15950, or below the strong support level of 15700 on a closing basis. So, until then, continue being stock specific as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15810.85 (-24.50) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 14th June 2022Good Morning! Another day of Gap down opening from Nifty, had resulted in the creation of huge panic in the Market, yesterday. Well, we can say that as per the current market scenario, the index is somewhere or the other trading at its edge. Wherein, with the crucial support level of 15580 on the downside, it has now become very important for the Index to stably cross over and give a closing of above 15950. Moreover, this week, will somehow be very crucial for the Market. Where in the meanwhile, it will be suggested to stay cautious and to wait for Nifty to take an either side direction of above 15950 or below 15580. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 13.06.22 - 15774.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya