Good Morning! Just as we had already stated in our Morning Mantra Updates, similarly, we did very much witness that Nifty had faced a resistance at two of our stated levels of 16800 and 16960 respectively. However, yesterday, Fortunately or Unfortunately the index had ultimately given us a closing at around the crucial level of 16955. Moreover, as today is a...
As per the 2 Hour Chart of DFM FOODS, we can see a beautiful Formation of "Bullish Engulfing" on the chart. Therefore, we are expecting a bullish momentum in DFMFOODS in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 304, 313.6, and 320. Whereas, on the other hand, on the downside levels, the...
As per the 1 Hour Chart of JSW STEEL, we can see a beautiful Formation of "Bullish Harami" on the downside levels of the stock. Therefore, we are expecting a bullish momentum in JSW Steel in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 662.25, 670.35, and 678.55. Whereas, on the other hand, on...
Good Morning! Just as we had stated about the favourability of witnessing a closing of above 16600. Similarly, we had experienced it yesterday itself that taking a support of 16600, Nifty had beautifully taken a bounce back therefrom, and had made a high of 16936.40 approx. But on the other hand, unfortunately even after spending almost the entire day above the...
Good Morning! Just as we had stated yesterday about the likelihood of Nifty being very open to the support levels of 16700 and 16800. Unfortunately, we had also witnessed that yesterday itself, Nifty had made a low of approx 16410.20. Not just that but on a positive note, the index also managed to show us a beautiful bounce back and finally give us a closing of...
On the 1 Hour Chart of Zeel, we can witness a beautiful Formation of "Bullish Harami" and “Inverted Hammer” on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 347, 352, and 360. Whereas, on the other hand, on...
Good Morning! After trading in sideways or in consolidation for about 22 consecutive hours, we could see that Nifty had finally broken the stated level of support of 17220 and had given a closing of 16,985 approx. on the last trading day. Just as we have been stating, hence this is the result of what happens, when one trades in a narrow range. Moreover, once...
Stock is currently trading at its support zone, can show a bounce back for the following resistances 2386-2430-2470 in short to medium term against the support zone of 2290.
On the 1 Hour Chart of UPL LTD., we can witness a beautiful Formation of "Bullish Engulfing" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 741.10, 747.80, and 755.10. Whereas, on the other hand, on the...
Good Morning! We are glad to share the accuracy of 8th Club’s Research on the Market. As just like we had stated yesterday, similarly in the yesterday’s trading session itself, we had witnessed that once again, how after not being able to cross the resistance of 17,360 on the upper side, Nifty had tumbled down to below our stated level of support which was at...
Good Morning! Just as we had stated yesterday, similarly we did witness how Nifty was ultimately unable to break the stated level of support which was at 17220 and instead had unfortunately traded between the stated levels of 17360-17220, i.e., it traded between 140 points for 6 hours straight. Thereby, indicating its movement in a super indecisive mode along...
On the 2 Hour Chart of MOTHERSUMI, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 225.40, 230.35, and 234.20. Whereas, on the other hand,...
On the 1 Hour Chart of MAHINDRA & MAHINDRA, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 853.60, 868.90, and 885.60. In addition to this, the stock...
Good Morning! Just as we have been stating in our Morning Mantra updates, similarly the Market still seems to be moving in a narrow range and in a price correction Mode. However, we can avoid creating a panic, until the index breaks the level of 17,220 on an hourly basis. Moreover, the levels of 17,650 & 17,800 will remain to be the suggested levels of resistance...
On the 1 Hour Chart of TATAMOTORS, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 504.50, 511.95, and 520. In addition to this, the stock may face a...
Good Morning! Today, will be a very crucial day for the Market. Where, it will be suggested to kindly avoid going for any fresh trades, instead wait and watch for a stable closing. Since, just as we had stated in yesterday’s Morning Mantra, similarly we did witness a sharp rise in Nifty in the early hours itself. However, due to the pressure of supply, we did...
Good Morning! Just as we had been expecting to witness a sharp rally in the index on the last Friday itself. The index, in turn, somehow gave us a flat closing, on the last trading day. Well, as of now we are expecting to witness the same positive small Christmas rally in the Market in this week, i.e., a sharp rise in Nifty, wherein the index might initially...
Good Morning! Finally we have witnessed a closing of above the level of 17360, consistently for 2 days now. Moreover, as of now, we are expecting a sharp rise in Nifty, Today! Where if, even though the index fails to do so and in turn somehow manages to give a closing of above 17454, then in such circumstances we will still hold an expectation for a positive...