Morning Mantra, 13th July 2022

Good Morning!

Just as we have been stating, similarly as per the current market scenario, Nifty still seems to be creating a platform at around its support zone of 15850-15950.

Therefore, with the crucial support level of 15850, we hold a positive sentiment towards our expectation of witnessing a cross over and a closing of above 16300. After which Nifty will soon be ready for its next Resistance level of 16700.

So, until then continue following the Cherry Picking Strategy and keep reviewing your portfolio.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 16058.30 (-157.70)

Regards,
Alok Daiya