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Niftyview

Morning Mantra - 2nd March 2023Dear 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 strong level of Resistance for the Index. Besides, till 17800, we will continue to consider 17300 as the support level on closing basis. So, continue being stock specific as of now. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Nifty ViewNSE:NIFTY Has a bearish structure at Weekly Time Frame . Some sort of head and shoulder pattern, price trading below 30 MA. Very close to neckline, but formed a pin bar Daily Time Frame NSE:NIFTY On daily time frame is at multiple support levels Trading right at 200 MA. At golden fib zone etc and most importantly at previous consolidation region from a where a rally had happened. Hourly Time Frame Stick to day trading for the moment until a higher high is form at hourly TF. For which price has to cross 17600.
NSE:NIFTY
by Vasu_devan
Morning Mantra - 20th February 2023Dear 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. Furthermore, above 18170, 18400 will be our next level of target. Whereas, on the other hand, a closing of below 17800 will once again activate the level of 17320 as a support. In the meanwhile, continue being stock specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 1st March 2023Dear 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 closing of above 17300. So, once again we had witnessed the effectiveness of the 17300-17320 levels. Furthermore, we are still hopeful for the Market, until the index is above 17300 on closing basis. In the meanwhile, continue being stock specific until the announcement. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
8
NIFTY : Gap filled NIFTY gap filled and now trying to reverse from support. Yesterday low is very important for Nifty on Closing basis. lets see currently, I can see good R:R level in positive side with small SL. This is my personal view & i can be 100% wrong. 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" with small SL
NSE:NIFTYLong
by ChartsSpecialist
Morning Mantra - 28th February 2023Dear 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, yesterday. So, as of now, just like we had stated yesterday itself that if Nifty takes a wonderful support at 17300, then we can witness a positive bounce back towards 17800, which will again be a strong resistance level for us. Until then, continue being stock specific and keep an eye on few stocks for some cherry picking. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 27th February 2023Dear 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 again. The same level which was the support level of Nifty, 2-3 weeks ago. Similarly, we can now state that Nifty's range has somehow shifted to 17320-17800 once again. Although we do not want you to panic, but if Nifty breaks this level of 17320 then we can see a further sharp downfall towards the level 16800. So, for the strong side of Market sentiments, the bulls have to at least sustain this crucial level of 17320, for now. In the Meanwhile, continue being stock specific till the next announcement. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
Morning Mantra - 24th February 2023Dear 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 panic in the Market in the forthcoming week. Whereas, in the meanwhile, it will be suggested to keep patience and to be stock specific. Levels : 18170-17800-17320 Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
axis bank is looking good with a great entry pointthere is a very good entry point in axis bank as it has completed it's wave cycle there is a very good chance that it can start a new wave cycle from here and if that is so then axis will not go below 846 on a closing basis so there is a very good risk reward trade here target will be around 910 ,915 not more at this point at time axis chart is similar to nifty but without any toxic waste to carry like nifty has to so I am buying axis with stops below 830 on closing basis
NSE:AXISBANK
by Tradegainer
2
Morning Mantra - 22nd February 2023Dear 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, once again. Nonetheless, we are still with our words that the level of 17800 will once again be a very crucial level for the Market to finally decide its trend. Moreover, we are still quite positive for the upper level of 18170 as the level of Resistance in Nifty, until it is above 17800. Also, in the meanwhile, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 21st February 2023Dear 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 for the new trend identification. However, until then, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long TermNifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long Term Nifty closed at 17944 ( Prev close 17856) Neutral Strategy was given for Last two weeks and buy on dip for Medium Term & Long Term Investors for the past few weeks and to continue the same. Nifty touched a low of 17721 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI and MACD are in positive zone but Stochastic is near to over bought zone. Nifty short term Nifty will be in range bound from 17700 to 18268 in short term and Nifty support at 17819(0.5 fib old) /17785(feb22 high) /17716. The support for the last weeks is from a inclined red color trend line shown in the chart apart from the previous high and Fibonnacci Supports mentioned above. Nifty Resistance will be at 17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) /18355(Jan22 High). Nifty will be range bound in medium term from 17300 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Medium term target Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term. support at 17566/17435(dark red color horizontal line) /17355(new low) /17314 MA200. Long term Target 19500/20500 still in intact. In case if it falls below 17300, then next support is at 16800, which will act as major long term support.
NSE:NIFTY
by karthikss
Nifty ends the week just under mid channel resistance. Some commentators in US are reflecting that during the FOMC in March 2023 can see US Fed hike rate by 50 bps. This move is anticipated based on US Inflation numbers which where worse than expected. Also there are some questions being asked about recovery of certain sectors in China which is still to come out fully from the COVID-19 grip. These two news items in general and US related news in particular purged the momentum Nifty was gaining since beginning of the week and we saw the index nosedive a bit on Friday. Nifty Supports remain at: 17913 (Major support), 17885, 17794, 17651 and finally 17353. Nifty Resistances remain at: 17976, 18031, 18134, 18181 and finally there will be a major resistance at 18269. Long Positions should be taken only after closing above 18269.
NSE:NIFTY
by Happy_Candles_Investment
Morning Mantra - 17th February 2023Dear 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 for the past 4 trading days. Wherein, if we witness a closing of above 17800 even today, then our support level can be shifted from 17320 to 17800 in the upcoming week. So, altogether, today’s closing will play a very significant role in deciding a direction of Nifty’s momentum for the upcoming week. Whereas, in the meanwhile, continue being specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
1