Morning Mantra, 27th December 2021

Good Morning!

In reference to our stated level of support for the index, which was shifted to 16970, we did observe that even after making a low of 16909 during the Market hours, Nifty had ultimately managed to give us a closing at a crucial level of 17000 approx.

Well, as of now, it is being expected that due to the festive vibes, the Market will still continue trading in a sideways or consolidation zone for this week as well.

Moreover, as the December days are crucial, we are still with our suggestion to stay cautious for this last week of December and to keep following the Cherry Picking strategies, as of now.

Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350

Regards,
Alok Daiya