alokdaiya

alokdaiya

After the repetitive failed attempts from Nifty to cross over 18090, we are delighted that we could timely pre-update you on the 16th of September 2022 itself, to stay cautious for these 8-10 days. Well as of now, it is being expected that the Market can face a little panic during the 1st hour, today. However, it will be suggested to avoid participating in the...

alokdaiya

Good Morning! As per what we had stated yesterday, we did observe Nifty’s attempt to take a bounce back, in the early and in the later hours of the Market yesterday itself. However on repeatedly failing to do so, we instead observed some selling pressure in the Market. Well as of now, we can see the formation of a Doji pattern on the Day chart. So, it will be...

alokdaiya

Greetings 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...

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Just as we had stated yesterday, about our expectations for a beautiful bounce back. Similarly, we did observe a significant recovery in Nifty yesterday itself. Although not being able to sustain so, the index also showed some profit booking, by the second half. As of now, as per the day chart, we can observe a shooting star pattern which is somehow indicating...

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Just as we had observed yesterday, Nifty showed us a significant recovery and ultimately gave us a positive closing. Moreover, a beautiful Hammer and Bullish Harami pattern on the Day Chart is somehow indicating a good bounce back in Nifty. Although, we are with our words that we can still witness a volatility in the market for this week also. Till then we...

alokdaiya

Good Morning! Indeed, the last week was one of the most volatile week for Nifty. Where, as stated, we had clearly seen the importance and the significance of the crucial Resistance level of 18090. Where, failing to sustain above the 18090 level, repeatedly for 3 consecutive days Nifty did take pull back just as it was expected. So as of now, the level of 17300...

alokdaiya

Good Morning! Once again Nifty failed to sustain above the stated crucial level of 18090 for the 3rd consecutive day, yesterday. So as per the current scenario, until the index manages to give a closing of above 18090, it will be suggested to stay cautious and follow the Sell on Rise strategy for the best. On the other hand, on a positive note even after the...

alokdaiya

Once again, our stated level of 18090 has become crucial for the Market. As even after making a high of 18091 yesterday itself, Nifty had failed to sustain above the level of 18090 for another consecutive day. Whereas for now, it is being expected that Today will somehow be a crucial day. So, tighten your seat belt as today will be a 3rd day for Nifty to cross...

alokdaiya

From the past 2 trading days, we have been mentioning the crucial figure of 18090 in our Morning Mantra updates. And just as we had already stated, similarly Nifty can be seen facing a Resistance at the stated level. As even after making a high of approx 18088 yesterday, Nifty missed crossing over above 18090 by just 2 points. This however raises a little...

alokdaiya

The positive momentum is still continued in the Market. Also the positive FII buying is continuously trying to support the Market for a new high by this Diwali. On the other hand, the supply is clearly visible on the upper levels, as of now. However, we are still with our words that with the support of 17300, if Nifty manages to stably cross over above 18090,...

alokdaiya

Just as we had stated on the last trading day, about the probability of witnessing a breakout of 17800 level. Fortunately, we have finally witnessed a crossover and a closing of above 17800, on the last trading day itself. As of now with the support of 17300, if Nifty manages to sustain above 17800 and stably cross over above 18090, then very soon the level of...

alokdaiya

What a trading day it was yesterday! Where after a gap up opening, Nifty showed us a downfall in its levels during the second half. However, it also managed to show us a beautiful recovery on the same day itself, as it ultimately gave us a closing of just near to our stated crucial level of Resistance of 17800. So, somehow today will be a very crucial day for...

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Yet another day, and Nifty had failed to decide its new way. As it has been almost 11 consecutive days now, that Nifty has been trading in a consolidation zone. From which, just as we had stated earlier, similarly we can say that the index is somehow creating a platform for a new rally. Moreover, by Today or Tomorrow, we can expect to witness either a breakout...

alokdaiya

Just as we have been stating these days, similarly Nifty is consistently trading in an indecisive mode. Rather we can observe how the index is struggling to cross over the big candle that was made on 30th of August 2022. However, we are still with our words, that with the support of 17300 on closing basis, a cross over of above 17800 will bring a substantial...

alokdaiya

Just as we had stated yesterday, similarly Nifty still seems to be in an indecisive mode. So, the level of 17800 will now be a trigger. Above the level of which, we can see a sharp rise in the Index. Moreover, this sharp rise can be utilised for partial profit booking. Also, till now, the stated level of 17300 has been a very crucial support level for the Index....

alokdaiya

Good Morning! Just as we had stated on the last trading day as well, similarly, we can see that the index continues to trade within its consolidation zone of 17300-17700. It seems as if the index is somehow creating a platform for a new rally. Besides, we are still with our words that with the support of 17300 we are still positive on the Market, subject to any...

alokdaiya

We hope you remember our Morning Mantra update on Monday, where we had clearly stated about our expectation for a cautious week ahead. Similarly, we have been observing the same, since we saw a major decline on Monday itself, followed by a major upside on Tuesday. A holiday on Wednesday and then again a major decline on a Thursday. And now we are ready for a...

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Good Morning! So, Today is the 2nd Anniversary of 8th Club, which is the Most Emerging Financial Literacy Club for every Stock Market Enthusiast. We are extremely glad to see this gradual progress of 8th Club in this 2 years span of time, that today we are most pleased to announce our new website on 8th Club - “8thclub.in” and also a Reference Book of Game of...