Morning Mantra 17th November 2021
Good Morning,
Currently, the Market seems to be in a super consolidation zone. Where it appears to be confused within the range of 18088-17900-17700. But, still we hold a belief on our observation that somehow the Market seems to be creating a platform in between the levels of 17700-17900.
Moreover, as we had also suggested earlier, in our Morning Mantra, that the level of 17700 will be a crucial support on the closing basis for Nifty. Hence, we are still with our words that cherry picking will be a good idea here, when the index tends to reach around the levels of 17700-17900. On the other hand, Sell on Rise will be a good strategy to be followed, when the index comes around 18200-18300.
Happy Trading with 8th Club!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Currently, the Market seems to be in a super consolidation zone. Where it appears to be confused within the range of 18088-17900-17700. But, still we hold a belief on our observation that somehow the Market seems to be creating a platform in between the levels of 17700-17900.
Moreover, as we had also suggested earlier, in our Morning Mantra, that the level of 17700 will be a crucial support on the closing basis for Nifty. Hence, we are still with our words that cherry picking will be a good idea here, when the index tends to reach around the levels of 17700-17900. On the other hand, Sell on Rise will be a good strategy to be followed, when the index comes around 18200-18300.
Happy Trading with 8th Club!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
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