alokdaiya

alokdaiya

Good Morning, As we observed in the yesterday’s trading session, that even after a good start, Nifty was unable to give a closing of above 17300. Hence, once again the entire day, Nifty had traded in its consolidation phase of 17000-17300. However, just as we had stated in our Morning Mantra update yesterday, we could clearly observe the stock specific momentum...

alokdaiya

As per the 2 Hour Chart of GAIL, 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 160.10, 162.45, and 164.65. Whereas, on the...

alokdaiya

Good Morning, After a gap down closing and lots of Doji formations on the chart, we can say that Nifty is somehow still trading in its consolidation phase. Which in turn, is creating a sense of cautiousness in the Market. In fact, as per the current scenario, it will be better to avoid being too aggressive and to instead wait for the index to take a direction...

alokdaiya

Good Morning! So, as had been stated in the Morning Mantra yesterday, similarly Nifty did take a positive breakout of above 17300. Well as per the current situation, the level of 16800 will continue to play a crucial role for Nifty’s consolidation phase of around 17000-17300. Moreover, on witnessing the stock specific momentum in various sectors, the cherry...

alokdaiya

Good Morning! Yesterday we had seen a very compact consolidation in Nifty with a positive note of stock specific buying in various sectors. A perfect bullish harami on the day chart can help the market for a major breakout of 17300 once again. Considering 16800 as a major support here, the idea of cherry picking will be the best strategy as of now. Nifty...

alokdaiya

Good Morning, On observing the Trading Session yesterday, we could witness the importance of the predicted support level of 16800. As even after making a low of 16824 approx during the day, Nifty managed to show us a beautiful recovery of almost 125 points, by closing at around the level of 16958. Moreover, onlooking such strength in the Market amidst the...

alokdaiya

Good Morning, As we could witness yesterday, Nifty showed us a gap down opening and henceforth stayed below its predicted support level of 17310, for the entire trading session. Moreover, from 17100 to 18100 and vice versa, this Volatility of a sharp 2000 points in Nifty is an indication of a new bull rally as per the chart setup. Well, as of now 16800 will...

alokdaiya

Good Morning! Welcome back after a long festive weekend. In the last trading session, we did observe that even though Nifty made a high of 17663, it failed to give us a closing of above 17630. On the other hand, it also managed to stay above its support level of 17310. However, Today will be a No Trade Day. As after a come back from a long weekend, it will be...

alokdaiya

Good Morning! So, Today is the last trading day of the week. It has now become very important for the index to take a bounce back herefrom and consequently give us a closing of above 17630 for us to be to back to a comfort zone. Moreover, the level of 17310 can now be seen as a crucial level of support for the index. Since, it’s a last trading day, continue...

alokdaiya

Good Morning! On observing the Market’s Momentum these days, we can say that Nifty is currently highly confused and is consolidating between the levels of 17630-17800. Moreover, as the Results season has begun, it’ll be suggested to take a smart move and be stock specific as of now. Nifty Levels...

alokdaiya

Good Morning! Well just as we saw in the last trading session, that in tune to what we had stated in our Morning Mantra update, similarly Nifty did take a beautiful bounce back, from around the level of 17630. Consequently, it had also crossed over the level of 17800, but had unfortunately failed to sustain above the stated level of Resistance. Moving ahead,...

alokdaiya

Good Morning! As we had observed in the yesterday’s trading session, just on breaking through the support level of 17800, Nifty went straight for our previously stated resistance level of 17630. Thus, it seems that Nifty has now taken a pull back. Also, it appears that now it might be crucial for the index to sustain above the level of 17630 today. Hence, with...

alokdaiya

Good Morning! On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday. Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not...

alokdaiya

Good Morning! It is quite natural to witness a small pause in the Market after witnessing a 2000 points rally in the Market. However, with the immediate stop loss of 17800 we are still quite bullish on the Market. So be Stock Specific and continue following the Cherry Picking strategy as of now. Nifty Levels...

alokdaiya

Good Morning! What a Beautiful Mantra by 8th club! Where we had much correctly predicted the 2000 points rally, when Nifty was just at 15850. Now it’s time to celebrate this accuracy as Nifty has successfully crossed 17850, that too within a month. Moving ahead, Nifty is now ready to move ahead to its previous high of 18600. Until then stay stock specific...

alokdaiya

Good Morning! Welcome to the 1st Week of the New Financial Year! We are glad to share that very beautifully we have almost completed the journey from 15850 to 17630, as was predicted by us. Moving ahead, as predicted the index now seems to be ready to move forward to the next level of Resistance of 17800, which however does not seem to be too far. Moreover,...

alokdaiya

Good Morning! As even yesterday we had witnessed a stable closing of above 17300 in Nifty. We can say that somehow the probability of the index moving ahead to the next level of Resistance of 17630 and gradually to 17800 has increased. Thereby, with our trailed support level of 17300, we are now looking forward to witness a further uprise in the levels of the...

alokdaiya

Good Morning! Finally, once again, just as we had stated yesterday, similarly we did also witness a favourable breakout of above 17300 by Nifty, that too yesterday itself. Moreover, just as we had already stated, with the support at the level of 16990, we are still bullish on the Market. Also, because we have the expectation of witnessing a sharp rise in Nifty...