alokdaiya

alokdaiya

Dear All, Just as we had stated in our Previous Morning Mantra update about our expectation on Nifty creating some cautiousness in the Market. Likewise the same was witnessed yesterday itself. As after a flat to negative opening, the Market showed us a further decline in its levels. Moreover, today is the last trading day of the week. Besides, on...

alokdaiya

Dear All, Just as we had stated yesterday about the huge chance of witnessing a bounce back in Nifty, as a result of observing a bullish reversal pattern, named hammer. Likewise the very same was observed yesterday itself. As once again after taking a support at around 19300, i.e., at 19317 Nifty finally gave us a positive closing of 19465. Well for...

alokdaiya

Dear All, So once again we had witnessed the significance of 19300 level on Monday itself. As after making a low of around 19257 during the day, the Index ultimately gave us a positive closing of around 19434. Well now we can observe a bullish reversal pattern, named as Hammer, on the Day chart setup of Nifty. So, we are now expecting a bounce...

alokdaiya

Dear All, First of all, wish you all a very Happy Independence Week and a Week of Financial Azadi. Furthermore, we are expecting that for this trading week as well we can witness a sideways momentum in the Market. So, we will have to wait and watch for a clear cut indication, i.e., either a breakout of above 19550 or a breakdown of below 19300. ...

alokdaiya

Dear All, Yesterday we had got to witness a minute closing of near 19550, i.e., at 19543.10 Therefore, overall we can see that the Market is currently trading in a consolidation phase. Where it is better to wait for a clear cut indication, as of now. Furthermore, we had also witnessed a selling pressure in most of the stocks yesterday. So, with the...

alokdaiya

Dear All, So finally we have observed the impact of witnessing a closing of above 19550 for 2 consecutive days, just as it was stated. As after those 2 days, Nifty has ultimately given us a positive closing of approx 19632.55 yesterday. Altogether, the Market is currently in a very choppy mode. Where we can clearly observe the stock specific...

alokdaiya

Dear All, Fortunately, we had witnessed a closing of above 19550 in Nifty, for the 2nd consecutive day, yesterday. So for now, we are still positive on the Market, until the index is trading above 19300. Where 19800 will play a crucial role as a level of Resistance. Furthermore, it is better to be stock specific and to keep following the...

alokdaiya

Dear All, Yesterday we had got to witness a gap up opening with ultimately a flat closing , in Nifty. Also, just as we had stated yesterday itself about the need to witness a closing of above 19550 for about 2 consecutive days in order to witness a new positive momentum. Similarly, on the positive note we had fortunately witnessed a closing of above...

alokdaiya

Dear All, The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx. Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the...

alokdaiya

Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star...

alokdaiya

Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then...

alokdaiya

Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new...

alokdaiya

Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a ...

alokdaiya

Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that...

alokdaiya

Dear All, Just as we had stated yesterday, about our expectation of witnessing a selling pressure . Likewise the same was observed in the Market yesterday itself. Moreover, yesterday Nifty made a low of 19603, which was somehow very near to our stated support level of 19550 (with a difference of only 50 points approx). Furthermore, since today is...

alokdaiya

Dear All, Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself. So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550. Therefore, in such a situation we have to be stock specific and have to keep...

alokdaiya

Dear All, From back to back 2 days, we have been witnessing a supply pressure in Nifty. Where on the other hand, we have also been witnessing a stock specific momentum in the Market. Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today . Furthermore, it...

alokdaiya

Dear All, Just as we had stated yesterday about witnessing a supply pressure from the current levels as a result of the shooting star formation on the weekly chart of Nifty. Likewise the very same was observed in the Market yesterday itself. For now, the level of 19550 will remain to be the level of support for Nifty. With which, we can continue...