alokdaiya

alokdaiya

Good Morning! Finally, yesterday Nifty decided to take a breakdown through the support level of 16400 on a closing basis. Well, that too it was in the last 2 hours of the yesterday’s trading session that the index chose to do so. This could perhaps be the outcome of the announcement made by the RBI in regards to the hike in the Repo Rate, yesterday. Otherwise,...

alokdaiya

Good Morning! With the back to back 2 days of dullness in the Market, it seems like Nifty is somehow or the other preparing itself for a cross over of above 16700. As on a positive note even after a dry trading day yesterday, Nifty somehow managed to not violate its strong support level of 16400 on a closing basis. Thereby, adding up to our Hope of witnessing the...

alokdaiya

Good Morning! In the yesterday’s trading session, we observed a negative opening from Nifty. Followed by a beautiful recovery in the 2nd half and then a flat closing at the end of the day. Observing the indices momentum throughout the day, we can see that somewhere or the other the index is repeatedly facing a strong support at the level of around 16400....

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Good Morning! A beautiful positive Friday morning turned into a negative and a disappointing afternoon. As even after a opening at around 16761, Nifty was unable to sustain above the level of 16700 by the end of the day and we observed a huge supply pressure near the stated resistance level. So, as of now, Nifty is still trading in its consolidation zone of...

alokdaiya

Good Morning! Since the past few days, we can clearly observe that Nifty is neither being able to cross over 16700 nor is breaking down the crucial support level of 16400 on the downside. Thereby, reflecting a strength in the Market. As per the current chart setup we are positively expecting to witness a breakout of above 16700 today, subject to any systematic...

alokdaiya

Good Morning! Once again a beautiful stock specific momentum was witnessed in the Market, yesterday. Although, we have already stated that this week will be a little crucial as well as important for the Market. As it can be observed that Nifty is facing a lot of Resistance at around the level of 16700, a closing of above this level for the remaining days of...

alokdaiya

Good Morning! Again in the yesterday’s trading session, we did observe how much of a pressure Nifty is currently facing to cross over the level of 16700. As once again even after making a high of around 16690, the index failed to cross over the stated level of Resistance. Besides, we got to witness a lot of supply around that level. However, there was a...

alokdaiya

Good Morning! It seems like Nifty doesn’t like to cross over the levels, instead it often likes to jump to the destined levels. Which we did very well witness in the Yesterday’s Trading Session. As quite often the index had been facing a lot of Resistance at around 16400, it finally chose to take a jump to our predicted level of 16700 yesterday, as it made a high...

alokdaiya

Good Morning! As we had stated in the last Morning Mantra update, similarly we did also see that bringing forth some good recovery on the last trading day, the Index had tried hard to reach the level of 16400. However, unfortunately it failed to do so. Again, as per the beautiful chart formation made by the index in the previous week, we can say that there are...

alokdaiya

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...

alokdaiya

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...

alokdaiya

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...

alokdaiya

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...

alokdaiya Updated 

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...

alokdaiya

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...

alokdaiya Updated 

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...

alokdaiya

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...

alokdaiya

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...