alokdaiya

alokdaiya

Dear All, As of now, we can clearly observe the effectiveness of the Morning Star formation , as even yesterday we got to witness a beautiful and a positive momentum in Nifty. Wherein, the index is now beautifully trading above the 17420 level, which is altogether a good sign. Moreover, our 2 important stated levels of 17300 and 1718 0 are once again ...

alokdaiya

Dear All, After the beautiful Morning Star formation on the weekly chart, we had seen a gap up opening in Nifty on Monday . While we are back again after spending a holiday, we are now expecting a sideways to positive Market momentum with the stop loss of 17300 on a closing basis, for the 2 remaining trading days, as we have 1 more holiday coming up...

alokdaiya

Dear All, Finally on the last trading day, we had witnessed a beautiful breakout in Nifty. Wherein the most beautiful part was that it consisted of the 2 important levels of 17180 as well as 17300. As these were the 2 levels that had played a very crucial role as a level of support for the Market in the previous timeframe. As of now, we can observe a...

alokdaiya

Dear All, After a day’s break, here we are with our Morning Mantra on Nifty for Today! So finally on Wednesday , we had witnessed a beautiful recovery in Nifty , which was expected. Moreover, we also got a closing of 17080.70 , but still we need a positive and a stable closing of above 17180 . As this is the last trading day of this week, so we...

alokdaiya

Dear All, Yesterday was the day of consolidation , where nifty had traded in a choppy zone . Still 16800 is a hope for the Bulls as a support and most of the Bulls are eagerly waiting for a breakout of 17180 on closing basis. As of now be cautious and keep following cherry picking strategy. Regards , Alok Daiya SEBI Registered Research Analyst

17:22

alokdaiya

Live Market Analysis for 28th of March Language: Hindi

alokdaiya

Dear All, Yesterday was a very volatile day, which had finally ended with a perfect Doji , a single body formation. Furthermore, a cross harami formation, which is a double body formation altogether is once again indicating a reversal in this declining trend of Nifty. So, as of now, still these 2 important levels of Nifty, i.e., 16800 and 17180 are...

12:22

alokdaiya

Live Market Analysis for 27th of March Language: Hindi

alokdaiya

Dear All, So, in the last week we had seen the importance of the 17180 level as a Resistance on a closing basis. Wherein, on not being able to sustain over the same, Nifty had shown us a further decline towards the level of 16945. So, in overall Nifty is currently somehow consolidating between the levels of 17180 and 16800. Furthermore, just as we had...

10:28

alokdaiya

Live Market Analysis for 24th of March Language: Hindi

alokdaiya

Dear All, So, finally once again we had seen the magic of 17180 level . As even after making a high of 17205.40, Nifty had ultimately given us a closing of 17076.90 Today will somehow be a very crucial day, where the bulls are waiting for a closing of above 17180. Because for the past consecutive 2 days , Nifty tried its best to cross this Resistance level...

alokdaiya

Dear All, After witnessing a gap up opening in Nifty yesterday, there was a hope that the Index might give us a closing of above 17180 . However, unfortunately that did not happen . Which, therefore, is a clear indication that the level of 17180 is still working as a strong Resistance for the Market.  Furthermore, we are still with our words, that ...

14:25

alokdaiya

Live Market Analysis for 22nd March Language: Hindi

alokdaiya

Dear All, Almost after 8 trading days , we have finally witnessed a beautiful green candle on the chart of Nifty. This however, can be the outcome of the last 3 candles , i.e., back to back 2 doji patterns followed by a hammer pattern formation. Moreover, after witnessing a beautiful closing of 17107.50 yesterday , we are somehow still under the ...

12:46

alokdaiya

Live Analysis of Market for 21st March Language: Hindi

alokdaiya

Dear All, So, by making a low of 16828 and by ultimately giving us a closing of 16988.40 yesterday , Nifty had once again shown us a bounce back from around the stated level of 16800 , i.e., the same level on which a neckline formation is made. Also, after the two consecutive days of doji formation , yesterday's hammer pattern formation is somehow...

11:37

alokdaiya

Live Market Analysis for 20th March Language: HIndi

alokdaiya

Dear All, The Doji formations on two consecutive days , i.e., on Thursday & Friday, did gave us a little relief . Also, the support that Nifty took at 16850 on a weekly basis , was a comfort to witness. However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180. So, as of now, it is ...