alokdaiya

alokdaiya

Dear All, So, Yesterday was a perfect Roller Coaster Day for every Trader. Where the Market wasn’t so good and stable for the players. Besides, we did also see a lot of profit booking across the different sectors. Well as of now, we can observe the formation of an Evening star Doji on the Day chart of Nifty, which itself is indicating that we can...

alokdaiya

Dear All, Yes it was a wonderful day yesterday. Yet it was somehow a confused one, as we can also observe the formation of a Doji pattern at this upper level. Indeed we are very close to the level of 18888, and we are also observing the strength of this Crucial Resistance level, as Nifty is facing a lot of difficulty in crossing over above it....

alokdaiya

Dear All, Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself. That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter. Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern....

alokdaiya

Dear All, Even after making a high of 18881.45 yesterday, Nifty had somehow failed to crossover the level of 18888 that we had stated on the 14th of June, 2023 as well as yesterday. Moreover, as per the Day chart setup, we can now observe the formation of a Dark Cloud Cover, which being a bearish indicator can bring some weakness in the Market as...

alokdaiya

Dear All, So yesterday was another confused day for the Market. Where on the one hand, the overall sentiments are still positive, while on the other there is a tough fight going on between the bull and the bear. For now, since Today is the crucial Thursday of the crucial week, it will somehow be better to consider today as a “No Trade Day”, and ...

alokdaiya

Dear All, Once again the week starts with a Doji formation. However, this time, there’s some positivity to it, i.e., we can now observe the formation of a Bullish Harami Cross pattern on the Day chart of Nifty. Which altogether indicates that the Market can show us some further bullish momentum, Today. So, we can very well utilise this optimistic...

alokdaiya

Dear All, After lots of Doji formation, we have now finally observed a bullish candle on the chart of Nifty. So, as of now it seems that we are very near to witnessing a new high. Yes, it’s a crucial stage for every Trader & Investor. So, apart from being happy we also have to be a little cautious here. As at a New High, it somehow becomes the matter...

alokdaiya

Dear All, The back to back Doji formations at this upper level is clearly showing a fight between the bull and the bear. Even yesterday we had observed a Doji formation on the Day chart of Nifty. So, currently we have to wait for an either side of breakout above 18600 or breakdown below 18400 . In the meanwhile, continue rebalancing your portfolio ...

alokdaiya

Dear All, We can see that the Market is currently trading in a consolidation zone. Wherein, it can be observed that there’s a fight going on between the bull and the bear at this level. However, on a positive note we did get a weekly closing of above 18400 on the Last Friday. So overall, with this positive Market Sentiment, we are still with our words...

alokdaiya

Dear All, What a beautiful day it was yesterday. Starting with a Gap Up Opening, we did also observe the Market sentiments becoming more positive. However, since there was a choppy sideways movement in Nifty for almost the entire day, yesterday. Consequently we can now also observe the formation of a Cross Doji pattern on the Day chart of Nifty, which is...

alokdaiya

Dear All, So, we had seen another day of observing a Doji formation on the Day chart of Nifty. Yes, somehow the Market is in sideways currently, creating confusion between the levels of 18400 and 18200. However, we are still with our words that with the stop loss of 17800, we will go for Portfolio Rebalancing and Cherry picking strategy, which is...

alokdaiya

Dear All, Once again we had seen the appropriateness of our Morning Mantra update, wherein a bounce back along with some cautiousness was predicted yesterday. Likewise the same was witnessed in the Market yesterday itself, as after a gap up opening in Nifty, a supply pressure was also observed at the upper levels. Overall, Nifty seems to be ...

alokdaiya

Dear All, So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself. However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious , as today is the day of weekly...

alokdaiya

Dear All, Since “ Everyday is not a Sunday ”, we can say that yesterday was indeed not a day in favour of the bulls. However, witnessing this supply pressure at the upper levels yesterday, had somehow proven our statement of “Rebalancing the Portfolio” , to be absolutely on point, once again. Besides, in this journey of speedy recovery from 16800 to...

alokdaiya

Dear All, Yesterday was indeed a wonderful day for the Market. Wherein we had observed an excellent performance by almost every sector. Besides, just as we had been repeatedly stating about witnessing a push towards the new high, once after Nifty gives a stable weekly closing of above 18200. Likewise, the same is being observed in the Market...

alokdaiya

Dear All, Just as we had already stated yesterday about being cautious. Similarly, we did witness a supply pressure in the Market yesterday itself. However, on a positive note we had still witnessed a closing of above 18200. Since today is the last trading day of this week, let’s keep our fingers crossed for a positive and a stable weekly...

alokdaiya

Dear All, Back to back 2 days of observing a closing of above 18200 is indeed a good indication for the bulls. However, this week will play a crucial role in deciding the direction of Nifty’s momentum for the upcoming days. So, we are still with our words that alongside this uprise , it will be a good idea to go for Portfolio Rebalancing as of now,...

alokdaiya

Dear All, So yesterday Nifty reacted just opposite to its previous pattern, which means that in the presence of a shooting star formation it showed a beautiful uprise of approx 200 points. Which altogether lead Nifty to give a positive closing of above 18200. But as of now Nifty is on the edge of its Previous week’s high. So, still we have to wait...