Morning Mantra, 19th September 2022

Good Morning!

Indeed, the last week was one of the most volatile week for Nifty. Where, as stated, we had clearly seen the importance and the significance of the crucial Resistance level of 18090.

Where, failing to sustain above the 18090 level, repeatedly for 3 consecutive days Nifty did take pull back just as it was expected.

So as of now, the level of 17300 will continue to be the level of support. However, we are expecting to witness volatility in Nifty for this week as well.

Continue being stock specific!

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17530.85 (-346.55)

Regards,
Alok Daiya