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NIFTY : Levels for 15th MarNIFTY level marked on Chart. its already break daily support and we can see bears are in power since two days Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
Morning Mantra - 15th March 2023Dear 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 breakout of 17180 level , or to take a major support at around 16800 . Till then be stock specific and be cautious. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY : Levels for 14th MarNIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it. Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
NIFTY : Support zoneNIFTY is near support zone. now 17300 is very much important for Bull to support. it may be less chances but lets see everything is depend of battle fight between bull & bear. Follow Price action purely and decide your entry. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
Morning Mantra - 13th March 2023Dear 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 , then 17180 will work as a speed breaker in between 17300 and 16800 level. So, keep patience and be stock specific. Furthermore, as of now, 17800 will once again work as a strong resistance for the market. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 8th March 2023Dear 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 Support and Resistance. Furthermore, on Monday itself we had clearly mentioned about 17800 as a level of resistance for the Index and the same was accepted by the Market itself , as it made a high of 17799.95 , followed by a major supply from the stated level. So for now, let's keep our fingers crossed for a positive breakout of 17800 level , for 18170 and 18400. Until then, continue being stock specific and keep following the Cherry Picking strategy . Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 10th March 2023Dear 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 Today as a no trade day and to wait and watch for some clear indication from the market, since today is the last trading day of this week. Furthermore, we are still with our words, that due to this consolidation in Nifty, now the levels of are 17800-18170-18400 . While on the lower side, below 17300 we can expect 16800 . So, as of now, continue being stock specific and keep following the cherry picking strategy. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
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Sector Analysis Four sectors that are outperforming NSE:NIFTY {A} NSE:BANKNIFTY Though not by big margin definitely out performing NSE:NIFTY . Break above 42000 will be a great sign. Stocks to watch out; 1) NSE:CANBK 2) NSE:ICICIBANK 3) NSE:INDUSINDBK 4) NSE:SBIN {B} PSU Bank . 1) NSE:CANBK 2) NSE:SBIN 3) NSE:BANKBARODA {C} NSE:CNXINFRA got a big push at Budget and is evident from stock performance . 1) NSE:LT 2) NSE:SIEMENS 3) NSE:ABB 4) NSE:NTPC {D} BSE:MIDCAP is best out performer, if overall market improves will run away. 1) NSE:CUMMINSIND 2) NSE:PGHL 3) NSE:HAL 4) NSE:TORNTPOWER
NSE:CNXINFRALong
by Vasu_devan
Morning Mantra - 9th March 2023Dear 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 can see another fresh move in Nifty towards 18170 . Therefore, until then let’s keep our fingers crossed for this positive breakout and let’s continue being stock specific and following the cherry picking strategy, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty : Target done Nifty view shared before few days when it was trading near support. now its touch its target. Now it can open positive & close negative on Monday or we can again see one swing in Nifty and then it is possible to give good move positive move in Nifty. Tuesday is holiday. possible, it will take swing by Thursday. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
Morning Mantra - 6th March 2023Dear 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 in the Market. Likewise, we did observe the same on the last Friday itself. Furthermore, now the level of 17800 will once again work as a strong resistance level for the Market. Above which, the levels of 18170 and 18400 will be the crucial ones. Besides, with the support of 17300, following the Cherry Picking strategy will be the best methodology as of now. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Nifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long TermNifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long Term Nifty 17300 /17200 support provided last week acted very well. Nifty closed at 17594 ( Prev close 17465 ) Nifty touched a high of 17638 and low of 17273. RSI, stochastic and MACD are in recovery zone. Nifty short term - Will be upwards but need to cross the crucial resistance as mentioned below. Nifty Resistance at 17650/17712 (Inclined Trend line - Shown in green color) If it crosses 17712 in the week the other resistances to break 17819(0.5 fib old)/17900/18000(Aug high) Nifty Support at 17435(dark red color horizontal line) /17368 MA200 /17355(new low) /17200 Nifty Medium Term Nifty will be range bound in medium term from 17200 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Nifty Resistance 18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next support is at 16793, which will act as major long term support. As mentioned in last week market corrected and reversed back from oversold zone, after a few dip. Nifty IT and NIFTY 50 Equal weight Mutual funds can be accumulated for long term. Nifty Bank call was given for last two weeks to buy after touching low 39638 and it rose more than 4% (to 41251) last week and surpassed nifty. Still bank nifty will increase once it crosses 41300 and then to 41950/42850 in medium term. Nifty IT 29857 also sustaining above 50 MA. Have potential to move upto 31850 in coming weeks if nifty is sustaining & crossing crucial resistances.
NSE:NIFTY
by karthikss