alokdaiya

alokdaiya

Dear All, It was an amazing day yesterday . Wherein, we had observed that after a gap up opening of 17707, Nifty had made a day’s low of 17612 and had thereafter made a sharp recovery from that level. Overall on the hourly chart of Nifty, we can now observe a head & shoulder formation . Wherein, the level of 17800 can be considered as its neckline ....

alokdaiya

Dear All, We are just seeing the effect of the breakdown level of 17300. Wherein, it seems that Nifty is on its journey towards 16800. On Monday, we had seen Nifty taking a support at 17180 . However, unfortunately the stated level of support was violated in yesterday’s market. So, as of now, we will have to wait and watch for Nifty to either make a ...

alokdaiya

Dear All, Finally, once again Nifty took a beautiful support at the level of 17300 on Friday. Also the Index made a beautiful bullish reversal pattern , called hammer on the daily chart. Well in our weekly analysis , we are quite optimistic for the market as of now. However, in case Nifty breaks the level of 17300 on closing basis for panic creation...

alokdaiya Updated 

Dear All, The last 2 trading days were indeed amazing for the bulls , as we had got to observe a beautiful bounce back of approx 500 points from our stated support level of 17300. Moreover, as we have witnessed in the last couple of weeks, the level of 17800 has emerged as a magical level for Nifty , which has simultaneously worked strongly as a...

alokdaiya

Dear All, Our stated level of 17800 had once again shown its magic as a level of Resistance , as it made a high of 17772.35, yesterday . Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom. Well currently, as per the day chart , we are expecting a minor bounce back in Nifty for today. So, it will be better to consider ...

alokdaiya

Dear All, What a beautiful day it was yesterday. Wherein after a gap down opening we had observed a remarkable bounce back in Nifty, yesterday itself. Moreover, a perfect rounding bottom pattern is now clearly visible on the day chart. Besides, finally we are on the edge of 17800, wherein it is quite acceptable that above 17800 on closing basis we...

alokdaiya

Dear All, We have got 2 positive takeaways from last Friday. One was a beautiful bounce back from the level of 17300, and the other was observing the hammer formation on the weekly chart of Nifty. Well, as we had already stated in the Friday's Morning Mantra that this time after observing a closing of above 17300 level, we can expect to witness a sharp recovery...

alokdaiya Updated 

Dear All, Once again the level of 17300 worked beautifully, yesterday. Well, this can be a good opportunity for us, as a level of strong support for upcoming rally. Today is the last trading day of this week, and we are quite positive to witness a bullish reversal candle on the weekly chart. If Nifty gives a closing of above 17300 today, then we can expect a...

alokdaiya

Dear All, Thankfully Nifty supported the bulls once again, as it made a perfect bounce back from the support level of 17300, yesterday. Moreover, on a positive note, we had also witnessed a beautiful recovery of approx 150 points from Tuesday’s (28th February, 2023) closing of 17303. Well for now, we are still with our words, that 17800 will once again be a...

alokdaiya Updated 

Dear All, It is from back to back 3 weeks, that we have been witnessing the positive green candles on the chart of Nifty. So overall, we can state that as of now, there’s a close fight going on between the levels of 18170 and 17800. Therefore, from here, either a breakout of 18170 or a breakdown from 17800, will decide the new trend for the market....

alokdaiya

Dear All, On observing yesterday's Market momentum, we could see that Nifty had made a positive opening at around 17383. Although, it was towards the later half of the day that some selling pressure was observed, and Nifty made a low of 17255. However, just as we have been stating, on a positive note, Nifty supported the bull side by ultimately giving us a...

alokdaiya

Dear All, Yesterday was a wonderful day for the Market! Wonderful in the sense that it was quite predicted about the level of 17320 or 17300 to be a major level of support for Nifty, as of now. Fortunately, we got to witness the same, as Nifty took a wonderful support at around the level of 17300 and had ultimately given us a closing of 17400 approx,...

alokdaiya

Dear All, Finally, once again we had witnessed the importance of the 17800 level in the last week. Wherein, as expected after breaking through this level, Nifty showed us a sharp downfall as it made a low of 17421, on the previous trading day. Besides, just as we had stated in the previous week itself, that Nifty is getting reading for the level of 17320 once...

alokdaiya

Dear All, Yesterday, we had once again observed Nifty’s movement towards the level of 17320. Wherein, Nifty had made a low of 17455.40 and had ultimately given us a closing of 17511.25 Moreover, since today is the last trading day of this week, it will be better if Nifty touches the level of or around 17320, today itself. Otherwise, we might get to witness some...

alokdaiya

Dear All, It was a 2nd consecutive day yesterday, where we had observed Nifty taking a beautiful support at around 17800 once again. Besides, we had also seen a beautiful opening from Nifty yesterday. However, after reaching the level of 17920, the index had somehow failed to sustain the level and so consequently we got to witness a closing of just above 17800,...

alokdaiya

Dear All, Once again Nifty had shown us the magic of the crucial support level of 17800, yesterday. As it made a low of 17818.40 and then had ultimately given us a closing of 17844.60 Well, as we had already mentioned that there’s a close fight going on between levels of 18170 and 17800. So, for now, an either side breakout or breakdown has become very necessary...

alokdaiya

Dear All, Just as we had stated yesterday, about being very near to the level of 18170. Similarly, we did witness a high of 18134.75 in Nifty, yesterday itself. Also, finally today is the last trading day of this week, and it is indeed expected to be a crucial one. As so far, we have been fortunate enough to be witnessing a consistent closing of above 17800...

alokdaiya

Dear All, Finally we got to witness a beautiful breakout in Nifty, yesterday. Wherein, just as we have been repeatedly stating the level of 17800, similarly Nifty has shown us a beautiful and an expected bounce back therefrom. Furthermore, we are now very near to the level of 18170. Provided we keep witnessing a strong and a consistent closing of above 17800...