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Dear All, Just as we had stated in our last Morning Mantra update on Friday, that since the Index had almost achieved its psychological target of 20000, therefore a little profit booking is expected to be witnessed at the current levels. Likewise, the very same was observed on Friday itself, since after showing a Gap Down opening, we got to see a ...

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Dear All, Finally yesterday, Nifty had almost achieved its target level of 20000, as it was just missed by 10 points. As of now the concern is that we are on the top, so here once again cautiousness will be the important tool. Moreover, since today is the last trading day of the week, so it will be suggested to be stock specific and to keep...

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Dear All, So yesterday was altogether a roller coaster day for the Market, where Nifty opened at 19802.95, then gradually made a low of 19727.45 during the day and then finally gave us a positive closing of 19833.15 However, the formation of a Hanging Man pattern on the Day chart setup is somehow indicating that a little supply pressure can be...

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Dear All, On observing the yesterday’s market momentum, it seemed like it was altogether a Rest day for Nifty. As after making a high of 19819.45 and a low of 19690.20, Nifty finally made a closing in an indecisive mode , with no clear cut indication. Besides, in the midst of all this, the positive data from the FII, along with the IT sector’s...

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Dear All, Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout. As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the ...

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Dear All, Finally Nifty took a breakout of above 19550 level on weekly basis , which indeed is a very good sign as of now. Wherein, no doubt IT & Metal Industry have somehow contributed in this uprise. Moreover, we are now expecting the same from few other sectors as well, in the upcoming week. As of now, we are still with our words that ...

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Dear All, Yesterday was another day of witnessing a major supply from upper levels in Nifty. After which, we can now observe a red candle on the chart once again. Today, being the last trading of the week, we have to specially mention about the weekly body pattern, formed until yesterday, which is like a Doji formation. So, observing a Doji after...

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Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have...

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Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need...

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Dear All, So, yesterday we had observed how Nifty took a pause, after a beautiful rally. For now, it is being expected that until Nifty is above 19200, it can somehow show us a further rally in the Market. So, in such a situation, with the stop loss of 19200 and 18700, be stock specific and keep following the Cherry picking strategy at this new...

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Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at...

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Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in...

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Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity ...

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Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the...

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Dear All, As per the chart of Nifty, the Index is currently trading in an open territory. Where it had also made a New High of 19345, yesterday, along with a closing at the upper level. So, as of now, considering these factors, specially the fact that Nifty is trading in its all new horizon now, we are still our words to remain cautious here, with the...

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Dear All, We can start this New Month on a positive note, as finally Nifty is at its Fresh New High as per the Daily, Weekly and Monthly Chart Basis. On the Monthly basis, we have observed the beautiful effect of a Morning Star Doji pattern which was seen on the chart of Nifty in the Month of April. Consequently, both May & June had turned out to...

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Dear All, Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826. Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing...

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Dear All, So finally we have witnessed a beautiful closing of above 18888, i.e., at 18972 in Nifty, on the previous trading day of this week. So now our next target is of 19200. Wherein, as per the current scenario we are very much optimistic on Nifty for achieving this Target by today itself. Moreover, as every event has two sides, i.e., a positive...