alokdaiya

alokdaiya

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...

alokdaiya

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...

alokdaiya

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...

alokdaiya

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...

alokdaiya

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....

alokdaiya Updated 

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....

alokdaiya

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...

alokdaiya

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...

alokdaiya

Good Morning! As per the Current Market Scenario, our support zone of 15580-15850 has been activated once again. However, a positive sentiment will be active only after witnessing a stable closing of above 16800. Moreover, on the basis of the hourly chart setup of the index, we are expecting to witness a formation of an island gap. Since the Market is highly...

alokdaiya

Good Morning, Just as we had stated yesterday, similarly we did observe how volatile the Market was, during the Yesterday’s Trading Session. As the index initially made a high of around 16945 and then a low of around 16651, during the day itself. Thereby, once again giving us a closing of below the crucial support level of 16800, i.e., of around 16682 Moving...

alokdaiya

Good Morning, Finally, Nifty violated the stated level of support of 16800 yesterday. Where in a way, we can say that the RBI had a significant role to play for such a Breakdown. As unexpectedly instead of their usual June Policy they happened to intervene in the Month of May itself, with some unplanned hikes in the interest rates. Consequently, now we have...

alokdaiya

As per the 2 Hour Chart of INTELLECT, we have witnessed the Formations of a “Bullish Harami” Pattern backed by a confirmation candle. 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 808.85, 828.30, and 846.70....

alokdaiya

Good Morning, Currently, the Indian Market seems to be waiting for a big IPO. Meanwhile, on the last trading day, we had observed a gap down opening in the Index, and thereafter also a good recovery had been observed on the same day, itself. As of now, we are still quite optimistic and can say that with the stop loss of 16800, the index seems to be moving...

alokdaiya

Good Morning! As we had stated in the last trading session, similarly we did witness how beautifully the index managed to cross over and trade above its crucial level of Resistance of 17300 for almost the entire day. However, unfortunately, facing the selling pressure in the last 40-45 minutes, resulted in a closing of around 17102.55 Therefore, we can observe...

alokdaiya Updated 

As per the 2 Hour Chart of RUPA, we have witnessed the Formations of a “Bullish Engulfing” and a “Morning Star” 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 496.10, 505.80, and...

alokdaiya

Good Morning, Yesterday we observed a very volatile momentum in the Market, where we could also see a positive attempt taken by Nifty to cross over the level of 17300. However, unfortunately, despite the attempt it somehow failed to sustain above the level of 17300. Well for today, we are expecting to witness a sharp rise in the Market, which will somehow once...

alokdaiya

Good Morning, On witnessing a gap down opening in Nifty, yesterday, we did also observe how thereafter the Market continued to trade in its consolidation zone, with a very little momentum. Also, once again it failed to either cross above the level of 17300 or break down the support level of 16800. Moreover, since today is a Monthly Expiry, it is being...