alokdaiya

alokdaiya

Good Morning! Just as we had observed in the last trading session as well, Nifty is currently consolidating between the levels of 17300-16990 and is facing difficulty in either crossing over 17300, or breaking down the level of support of 16990. Therefore, it is a time to wait for the index to take a direction on the either side. Until then, Stay Cautious, be...

alokdaiya

Good Morning! On recalling the Market momentum of the yesterday’s trading session, we did observe that even after an opening on a weaker note, Nifty ultimately did manage to give us a positive closing. Due to which, we could sense the positive strength in the Market. As a further support to this strength, it has now become very necessary to witness a closing of...

alokdaiya

Good Morning! It is being expected that Today will be a judgmental day. Somehow or the other, also because it is a day of weekly clearing today. On observing the Market momentum and the closing of the past few days, we can say that the index is repeatedly facing difficulty in strongly crossing over its resistance area of 17300-17400. So, keeling that in mind,...

alokdaiya

Good Morning! Just as we had stated yesterday, about the probability of witnessing a healthy pullback towards 16990, and thereafter observing the index to cross over its crucial level of resistance of 17300. We are glad that the same had been beautifully witnessed in the yesterday’s trading session itself. As the index made a low of around 17006 and thereafter...

alokdaiya

Good Morning, As expected and already stated, the level of 17300 is now a crucial resistance for the index and the same had been observed in the yesterday's trading session as well. Moreover, as per the current chart setup, we are expecting a healthy pull back towards 16990 in nifty, for its another attempt to cross a its crucial resistance of 17300. Also in a...

alokdaiya

Good Morning! It was almost everyday in the previous week that we had beautifully witnessed a stable closing of above the crucial support level of 16800. So, on considering the current scenario we can say that now the Market will be facing a Resistance, initially at a level of around 17300. Where on a positive note, we are expecting that here the Market is...

alokdaiya

Good Morning! Once again, we saw a clear and a beautiful closing of above 16800 yesterday. Moreover, as it is a time of Festival of Colours, and Green is the Colour of Prosperity. We Hope that this last trading day of the week, finally brings us a moment to witness a positive and a new direction for the Market. So, with fingers crossed, hoping to witness a...

alokdaiya

Good Morning! Just as we had stated yesterday, about the probability of witnessing a “false or a suspicious breakout in the indices closing” on the other day. The relevance of the same was clearly evident from the yesterday’s Market session, where even though nifty tried to hold around the level of 16800 for about half a day, but had ultimately failed to do so,...

alokdaiya

Good Morning! What a beautiful rally of almost 1000+ points was witnessed in the Market yesterday, from the time when we had predicted on the “probability of the worst getting over”, when the index was just around 15850. Also, Finally, in the yesterday’s Market Session, Nifty was successful in crossing over its Resistance level and thereby giving us a stable...

alokdaiya

Good Morning! Witnessing the indices closing for the last 3 consecutive days, we can say that the requirement of getting a stable closing of above 16200 was very well met by the index, and which altogether was a good sign. However, on broadening the focus of our view, we can clearly see that Nifty is still somehow very confused and is struggling between the...

alokdaiya

Good Morning! Satisfying the need of the hour, Nifty made an opening at its day high of 16757 approx yesterday, and thereafter gradually made a low of around 16447.90 during the day. But, it also somehow managed to give us a stable closing of above 16200, i.e., around 16594.90, in the yesterday’s trading session. However, there’s still a need to stay cautious...

alokdaiya Updated 

As per the 2 Hour Chart of JK PAPER, we have witnessed a Formation of 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 it is being expected to face a resistance initially at around the levels of 228.20, 232.25, and 235.55. Whereas, on the other hand,...

alokdaiya

Good Morning! Finally, just as we had predicted, Nifty did take a beautiful bounce back from its predicted support level of 15850, and thereafter has successfully given us a closing of above 16200, which is definitely a good sign. However, Today will be a crucial day, as we would require a consistent and a stable closing of above 16200 from Nifty for 2 more...

alokdaiya Updated 

As per the 2 Hour Chart of BAJAJCON, we have witnessed a Formation of a “HAMMER” Pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 163.40, 167.25, and 174.20. Whereas, on the other hand, on the...

alokdaiya

Good Morning! We are glad that our Pre Market Morning Mantra updates are fruitfully helping our followers each day. As once again, Just as we had stated about our thoughts on the worst getting over, yesterday, similarly we did see a beautiful bounce back in the Market, where from its low of 15671, nifty had made a high around 16028 on the same day itself....

alokdaiya

Good Morning! Just as we had much clearly stated in yesterday’s Morning Mantra, that if Nifty fails to sustain above the level of 16200, then we can expect the levels of 15850 and 15580 to become active once again. Similarly, we did witness that after a gap down opening at around 15867 yesterday, nifty had ultimately given us a closing at around its predicted...

alokdaiya

Good Morning! Just as we had been stating about the necessity of Nifty giving a closing of above 16800. Similarly, we did see how on failing to do so, the index had once again shown us the level of 16245 approx. However, as per the chart setup, we are now expecting to witness a bounce back towards 16800. Which if happens, then the consequences will be good....

alokdaiya

Good Morning! In the yesterday’s trading session, we could see how Nifty had made a high of around 16768.95 but had ultimately tumbled down on the same day to give us a closing of around 16498.05, as it had once again failed to cross above its crucial level of Resistance of 16800. So now, with the support of 16200 on the downside, it has become very important...