alokdaiya

alokdaiya

As per the 2 Hour Chart of LUPIN, we have witnessed a Formation of a “Bullish Harami” along with a confirmation candle all together at 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 887.40, 899.95, and...

alokdaiya

Good Morning! On the last trading session, we witnessed that Nifty was unable to cross and sustain above 17650. Keeping that in mind, with an immediate support of 17300, Cherry picking strategy can now be followed. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya

alokdaiya

Good Morning! As Nifty had marginally violated its trailed support level yesterday. It is being expected that the first 2 hours of Today will somehow be very crucial for the Market. Wherein, in the meanwhile if the index manages to sustain above 17650 and similarly give a closing of above the aforementioned level, then we can expect to witness some favourable...

alokdaiya

Good Morning! After a peaceful closing of 17780 yesterday, we are positive for the market for 18350 in the upcoming days with the trailing support of 17600. Expecting stock specific momentum in the market in the forthcoming days. As of now, Cherry Picking will be a good strategy. Nifty Levels...

alokdaiya

Good Morning! Just as we had stated, similarly after sustaining above the predicted levels of 17300-17400 during the budget session yesterday, we were finally able to witness a beautiful closing of around 17576 in Nifty. Moreover to recall, as per our Research we had already stated regarding us being low on our expectations from the budget. Which is why we did...

alokdaiya

Good Morning! It’s the Budget Day, Today and the expected range for the Market for the day will be 18350-16350, i.e., 1000 points up or down herefrom (17339). Therefore, high fluctuations in the Market can be witnessed, Today. In addition to the above, it will be suggested to give yourself some time before reaching to any conclusion during the Budget session....

alokdaiya Updated 

As per the 2 Hour Chart of CADILAHC, we have witnessed the Formation of a “Bullish Engulfing” on the downside. 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 393.10, 398.55, and 404.30. Whereas, on the other hand, on the...

alokdaiya

Good Morning! As we have been stating that in order to witness some favourable situations in the Market, we need a stable closing of above 17300-17400. Unfortunately, even after making a high at around 17373, the index gave a Flat closing on last Friday, on facing a supply pressure at its Resistance. Moving ahead, as Today is the last day before the Budget gets...

alokdaiya

Good Morning! Since, Nifty failed to sustain above the crucial levels of 17300 - 17400 yesterday, we witnessed a closing of around 17110. On the other hand, on a positive note, after making a bottom at its stated support level, the index did take a beautiful bounce back therefrom. So, basically today, we will again be looking forward to a closing of above...

alokdaiya

As per the 2 Hour Chart of CENTURYTEX , we have witnessed the Formations of “Bullish Harami” as well as “Inverted Hammer” on the downside. 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 866.80, 877.15, and 892.35. Whereas,...

alokdaiya

Good Morning! In the last trading session, we did see that the Market was very volatile and as predicted, Nifty did make a bottom at around its stated level of support. Thereby making a low of around 16,836. Moreover, being unable to sustain above its level of Resistance at 17300, the index had given a closing of 17,277 approx. Well for now, the level of 17300...

alokdaiya

Good Morning! Once again our efforts to keep you aware and cautious against the challenges of the Market, were very much fruitful and on point yesterday, as Nifty decided to take a sharp fall down to its support level of 17300. Not just that, on breaking the support level, it further tumbled down to make a low of around 16997. Well as far as Today’s condition...

alokdaiya

As per the 2 Hour Chart of CUMMINSIND , we have witnessed a Formation of a “Bullish Harami” on the downside. 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 936.40, 948.70, and 962.85. Whereas, on the other hand, on the...

alokdaiya

Good Morning! As we can see, the Market currently seems to be at a very crucial stage, i.e. at around the level of 17630. Wherefrom, it can either take a sharp rise towards the level of 17900 or can undergo a sharp fall towards 17300. So, Today will somehow be a very crucial day for the Market, for us to see that finally towards which direction would Nifty...

alokdaiya

As per the 2 Hour Chart of BIRLASOFT LIMITED, we have witnessed a Formation of a “Hammer” on the downside. 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 510.05, 516.60, and 530.10. Whereas, on the other hand, on the...

alokdaiya

Good Morning! On Witnessing a beautiful bounceback in nifty around its previous support level of 17650, it seems like it has now become very important for the Market to sustain above the level of 17820 for the first 2 hours, today. After which, we can expect to witness a short recovery of upto 17900 - 18300. Hoping for the best. Moreover, as it’s a Month of...

alokdaiya Updated 

As per the 2 Hour Chart of NTPC LIMITED, we have witnessed a Formation of “Morning Star”. 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 136.20, 138, and 140.10. Whereas, on the other hand, on the downside levels, the...

alokdaiya

Good Morning! Just as we had stated yesterday, similarly, we could see how crucial the day was yesterday for the Market. Where Nifty’s Trailed Support level became a Resistance for the Market, as it made a high of approx 18129 yesterday itself and ultimately we witnessed a closing of around 17938, that is above the yesterday’s stated level of support. Now it...