alokdaiya

alokdaiya

So, finally yesterday we had witnessed a breakdown from the 18170 level, which altogether is somehow indicating a near term bearish mode in the Market. Wherein we can also see the level of 17800 in the upcoming days. Besides, we had been consistently stating about Nifty's crucial levels of 18400-18170-17800. When the Index broke the level of 18400, it did take...

alokdaiya

Good Morning! Just as we had stated yesterday about waiting and watching the market's momentum along with the support level of 18170. Similarly, we did observe how beautifully the Index took a bounce back from the stated support level, as it made a low of around 18202, yesterday. Moreover, it was also observed that even after making a high of around 18404, the...

alokdaiya

Just as we had stated yesterday, about observing the formation of an inverted hammer on the Daily as well as on the Weekly chart of Nifty, also about witnessing a bounce back and thereafter a closing of above 18400. Likewise we did witness exactly the same yesterday itself, as fortunately Nifty gave a closing of 18420.45 Well, now it's time to witness some...

alokdaiya

Good Morning! We are glad that our pre-updates on being cautious in the Market, could help all our followers during the previous week. Well, as of now, on observing the formation of an inverted hammer, both on the Daily as well as Weekly chart of Nifty, we are quite hopeful for a bounce back in Nifty. Which if happens, then we can witness a positive closing of...

alokdaiya

Just as we had stated yesterday about being cautious as a result of witnessing the Doji formation on the daily chart of Nifty. Likewise, we can see that the Index is back near to its support level of 18400 once again. Well for now, let's consider Today as a No Trading Day! Moreover, since today is the last trading day of this week, so be a little cautious along...

alokdaiya

Fascinatingly, just as we had stated yesterday itself about the need to witness a closing of above 18666. Likewise fortunately or unfortunately, Nifty has given a closing of 18660.30, yesterday. So, make sure that you don’t miss our Morning Mantra update every trading day. Well as of now, observing a crossed Doji formation on the Daily chart is somehow...

alokdaiya

What an amazing day it was, yesterday! As observing the yesterday’s trading session, we can state that somewhere or the other, the Market has very well accepted the stated level of 18400 as its support. Which is why, we had finally witnessed a beautiful closing of 18608 in Nifty, yesterday. Well as of now, we need a positive and a stable closing of above 18666,...

alokdaiya

What a day it was Yesterday! Where, beginning with the gap down opening at around 18402, the Index gradually created a little panic when it made a low of around 18345, during the initial Market hours. However, once again signifying the Importance of the stated support level of 18400, the Index showed a beautiful recovery, first by making a high of 18521 approx...

alokdaiya

We are glad that we did constantly pre-update our readers throughout the previous week, about being cautious in the Market. Also, to wait and watch for the Market to decide its direction. Likewise, on the last trading day, we had clearly observed the importance of the stated crucial support level of 18400. As after taking a beautiful support at the level of...

alokdaiya

A positive closing from yesterday is once again indicating some positivity in the Market. In addition to which, witnessing the formation of a bullish harami pattern on the daily chart is an add-on to the positive sentiments. However, since today is the last trading day of this week, therefore we will remain cautious and let the Market decide its direction for...

alokdaiya

Just as we have been consistently stating about being cautious, these days. Similarly, we can observe that from the past 3 consecutive days, we have been witnessing back to back lower lows on closing basis, in Nifty. Which altogether is raising a concern and also the need to be cautious, at present. Besides, with the stated support levels of 18400 in the near...

alokdaiya

Just as we had stated yesterday about being cautious as of now. Likewise, we did observe in the yesterday's trading session, that somehow the Index is now a little exhausted at its upper levels. So, along with being cautious, now is the ideal time to work upon rebalancing your portfolios and being stock specific with our stated support levels of 18400 and...

alokdaiya

Just as we had stated yesterday, about being cautious at the present moment. Similarly, we did observe that somehow throughout the entire day, the index had been trading in a specific zone and had ultimately ended with a flat closing. Moreover, since the market seems to be consolidating as of now, it will be suggested to remain cautious, be stock specific and...

alokdaiya

Good Morning! We are glad that we could pre aware our followers, about being cautious on the last trading day. As by the end of the day, on Friday, we did observe a significant supply pressure in the Market. Well for now, there’s a need to be cautious as we have entered the month of December, which is the end of the Financial Year of the FIIs. Moreover, we...

alokdaiya

Starting with a gap up opening and then gradually leading on to make a fresh new all time high of 18887.60 was all about yesterday’s glory. These back to back 3 Consecutive days of Nifty making a fresh new all time high has undoubtedly been captivating for all market participants. Not to forget about being grateful for the art of technical analysis, because of...

alokdaiya

Good Morning! Another amazing day, where Nifty had decided to break all its records by making a fresh new all time high of 18,816.05, yesterday. Well now that you are enjoying this momentum, staying cautious at the same time, is the need of the hour. Since today is the weekly settlement day. So, let’s take this day to wait and watch the Market’s momentum. In...

alokdaiya

So, yesterday was another beautiful day in the Market, where Nifty had successfully made an all time new high of 18678, along with a fresh new closing of 18618.05 Well apart from this, there is another good news, as we can now shift our support level from 17800 to 18400. Yes you've read it correctly! It's 18400. So, yes with this new support level of 18400, be...

alokdaiya

So, Finally yesterday, we witnessed a beautiful lifetime new high, and a 52 week high of 18614.25 in Nifty. Apart from that, just as we had stated yesterday that we have to wait for 1 or 2 trading days at least, for a beautiful confirmation of above 18500 on a closing basis from Nifty. Therefore, once again, if the index manages to sustain above this stated...