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Good Morning! Just as we had stated about the expectation of a bounce back in our Morning Mantra updates yesterday. Similarly, in the last 3 trading hours of the day, we did see a recovery in the index of around 200 points from the day’s low. Well for today, as per the weekly and day chart setup we can still keep up our expectations for some further recovery in...

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Good Morning! In the yesterday’s trading session, we could see that most of the Stocks were somewhere or the other in their correction mode. Also, most of the sectors showed us a sharp decline. Altogether, we can see that Nifty is still confused as it is still trading in the range of 15900-16400. Moreover, it can be seen that on failing to cross over above...

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Good Morning! As had been witnessed yesterday, the Market was very volatile with a lot of fluctuations. However, the index somehow still continued trading in its predicted range of 15900-16400. So, as of now we are still with our words. As for the index to come out of its confused range, we need to witness either a fresh breakout of above 16400 or a...

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Good Morning! On observing the Yesterday’s Trading Session, we did very well see that once again Nifty failed to sustain above the crucial level of 16400 and thereby showed us a sharp fall on the same day. Moreover, we can see that Nifty remains to be confused in between the stated levels of 15580-15850-16400. However, in the meanwhile we did also witness...

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Good Morning! Just as we had witnessed, the previous week was somehow highly volatile. Wherein, we had faced a gap up opening as well as a gap down opening. In the meanwhile, on the positive note Nifty is above 15900 but unfortunately was not able to cross above 16400. So, we can say that Nifty is still struggling hard between the figures of 15580, 15850 and...

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As per the 2 Hour Chart of KIRLFER, we have witnessed a formation of a bullish engulfing pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 216.20, 221.95, and 227.90. Whereas, on the...

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Good Morning! On witnessing a gap down opening and consequently a sharp fall in the entire stock specific zone, yesterday, we found that the Market is in a super volatility zone, as of now. Wherein we can observe a rally from approx 15700-16400 and then again from 16400-15700 approx. This somehow shows a huge volatility in the mindset of the Market...

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Good Morning! Even after making a high of 16399.80, Nifty somehow failed to cross the predicted level of Resistance of 16400 by .20 points only. Due to which we could see a selling pressure in the Market. However, this selling pressure might continue till the level of 15850 on the downside. So it is very important to wait for a clear cut indication after the...

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Good Morning! What a beautiful day it was Yesterday! Where Nifty had finally managed to cross over its level of Resistance of 15900. Following which we did clearly witness the strength in Nifty as well as a beautiful stock specific momentum in the Market. Also, a very sharp recovery was witnessed in almost all the sectors. Moving ahead, as of now, we know that...

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As per the 2 Hour Chart of CUMMINSIND, we have witnessed a formation of a bullish engulfing on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 1001.85, 1017.85, and 1029.15. Whereas, on the other...

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Good Morning! As we can see since the last 3 Trading Days, Nifty is trying its best to cross above the level of 15900, but is unfortunately failing to do so. Which somehow raises a concern. As not being able to cross over 15900, might very soon open the gateway to the level of 15580. Moreover, once the Index manages to cross over 15900, then the next Resistance...

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Good Morning! On the last Friday, we had observed an exceptional day of huge volatility. Where we had witnessed a beautiful short covering within the 1st 4-5 hours of the Trading session and thereafter some profit booking from the Traders. Well in accordance to the previous Morning Mantra updates, we know that a stable closing of above 15900 is very important...

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Good Morning! Finally the D Day has arrived. Where taking a sharp move, Nifty has touched the level of 15850 from 18100 that too within just 6 weeks of time. As of now, we could see how for almost the entire day, Nifty had struggled a lot to cross above the level of 15900, yesterday. Which however creates a concern. But the concern should be of a very narrow...

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As per the 2 Hour Chart of ADANIPORTS, we have witnessed the formations of an inverted hammer, and a bullish harami followed by a confirmation candle on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the...

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Good Morning! In the yesterday’s trading session, we got to witness a short and a sharp covering from the day’s low of 15990 approx. Not just that but we also very well witnessed a sharp recovery in some of the stocks during the last 2 trading hours of the Market. As of now, a very beautiful hammer formation (a positive sign) can be seen on the daily chart....

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As per the 2 Hour Chart of SAKSOFT, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels of the stock. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 753.60, 777.50, and 814....

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Good Morning! Just as we had stated yesterday, about the chances of the Index taking a bounce back, similarly we did witness the same for almost the entire day, except for the last 40 minutes of the Yesterday’s Trading session. Certainly it was during the last 30-40 minutes of the Trading session, that the Index took a sharp fall from the day’s high of around...

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Good Morning! Yesterday, we had witnessed a gap down opening in the Index and thereafter an index wise recovery was also observed. However, such a recovery was missing in the case of most of the stocks. Hence, once again, we are in the mood for a stock specific selection even Today. As of now, with the support zone of 15850-15580 on the downside, and a...