alokdaiya

alokdaiya

Just as it was expected, similarly Nifty did show us a gap down opening, yesterday. However, it also managed to show us a recovery, as it ultimately gave a closing just above our stated support level of 17300. Which somehow is a good sign. Besides, since this week consists of 3 Trading Days only, it will be suggested to be stock specific and to remain cautious...

alokdaiya

Just as we had been stating in our Morning Mantra updates, similarly we can observe that currently, Nifty has been facing a Resistance at around 17600-17900. So, as per the current scenario, if in any case Nifty shows any gap down opening Today, then avoid bottom fishing. As in such a case, it will be better to wait and watch for the level of 17300. Be...

alokdaiya

Good Morning, Just as we had expected, similarly the 1st half of the Market was quite bullish yesterday. However, after which the Market went into a consolidation in a +100 points zone. Followed by a sudden profit booking, the index ultimately gave us a negative 100 point approx closing Well as of now, it is suggested to not panic here, since we are still...

alokdaiya

Good Morning, Just as we had stated yesterday, that most probably the Market is getting ready to reach the levels of 18100, similarly we are being able to witness the same. As it was a good day yesterday, since after a gap down opening in Nifty, the index has managed to show us a good recovery in its levels by giving a positive closing for the past 2...

alokdaiya

Good Morning! Just as we had stated yesterday, similarly Nifty did take a pull back by giving a gap down opening yesterday. However, it gradually took a crucial support at around our stated level of 17300. On a positive note it did also manage to show us a positive closing. So, overall we can say that Nifty is now ready to cross over the level of 18100 with...

alokdaiya

Good Morning! Just as we had stated yesterday, similarly we did observe a significant supply in the Market, yesterday itself. However, we are extremely delighted that we could timely pre-update our viewers & listeners about booking profits in the already accumulated stocks. As per the current scenario, we can observe the formation of an evening star doji...

alokdaiya

Good Morning! Just as we have been repeatedly stating since the past few days, about booking profits in the already accumulated stocks, similarly we did witness a significant supply in the Market on the last trading day. Moreover as of now, we can witness the formation of a bearish engulfing and a shooting star on the daily and weekly chart, respectively. Which...

alokdaiya

Good Morning! Just as we had stated yesterday about witnessing volatility in the Market, similarly we did witness the same in the Yesterday’s Trading Session. Wherein, Nifty showed us a beautiful recovery during the last trading hours, and ultimately gave us a positive closing. Which altogether indicates a good sign. Moreover, it seems like Nifty is somehow...

alokdaiya

Good Morning! Finally, Nifty managed to give us a positive closing of above 17700, yesterday. So yes, with the positive market sentiments, the index is doing quite good, along with the support of FII‘s significant buying. Therefore, as of now Sell on Rise as per your risk appetite, will be the preferred strategy, in the case of already accumulated stocks that...

alokdaiya

Good Morning! It is being observed that currently, the index is facing a lot of Resistance at around the stated level of 17700. As a result of which, the index can take a little pull back here. Also because there are chances that this week can be a little dull for the bullish players. However, even if that happens, do not worry. Since, we are still with our...

alokdaiya

Good Morning, Just as we had stated yesterday, similarly we did witness a gap up opening in Nifty, yesterday itself. Wherein, Nifty did manage to cross over above its stated Resistance level of 17700, but somehow couldn’t sustain above it on a closing basis. Moreover, along with the Index most of the stocks can be found near their respective Resistance levels,...

alokdaiya

Good Morning, The level of 17700 now becomes our next expected resistance level in Nifty. Besides, an upcoming long weekend in the Indian Market can somehow create a pressure on the stocks now. So, if in case there is any gap up opening, then we must use the opportunity to go for profit booking in the already accumulated stocks that are generating some return...

alokdaiya

Good Morning! Just as we had stated on the last trading day, about the necessity of Nifty crossing over above 17500. Fortunately, we did observe a beautiful breakout and a closing of above 17500 on a day basis in Nifty. Which was again, quite a good sign. Otherwise, if Nifty was unable to do so, then we were expecting to witness a pull back. But, as the market...

alokdaiya

Good Morning! A closing of above 17500 in Nifty, has now become very important, as the formation of a Hanging Man pattern on the chart has raised a concern. So, for now, we can expect to witness a pull back in Nifty, until we get to witness a closing of above the aforementioned level. In the meanwhile, Sell on Rise will be a good idea here, as per your risk...

alokdaiya

Good Morning! A bearish pattern formation, named as Hanging Man on Nifty’s Day chart, is somehow indicating Today to be a profit booking Day. So, be a little cautious. Although profit booking at the current levels is quite natural. Besides, with the support level of 16700, the overall sentiments of the Market still seems to be quite positive. Also, as per our...

alokdaiya

Good Morning! As we can see, the Market is beautifully giving us a bounce back at every lower level. Also, buying opportunities at these lower levels is indicating to be a good sign for the Market. Moreover, as we have been repeatedly saying, the Market still seems to be in a very good mood and is getting ready for a new high by this Diwali. So, yes altogether...

alokdaiya

Good Morning! What a wonderful bounce back in Nifty from the lower levels. Also, we got to witness another consecutive day of a beautiful closing of above 17300. So yes, again the Market has been showing some good strength, supported with good number of various companies. Well as of now, we are still with our words that is to tighten your seat belt and get...

alokdaiya

Good Morning! Finally, Nifty was successful in giving us a beautiful closing of above 17300, yesterday. Where some positive contributions were from different sectors specially Auto. As of now, it is being expected that somehow, this results season can continue to contribute positively towards such a Market Momentum. Also, we can now uplift our support level...