Morning Mantra, 29th December 2021

29 בדצמ׳ 2021

Good Morning!

Just as we have been stating since few days now that Nifty is trading in a super consolidation zone. Similarly, we did witness the same yesterday also, as Nifty traded in a sideways zone for almost the entire day.

But again, fortunately by the end of the day we had also witnessed a closing of above our predicted level of Resistance at 17220, which altogether was a good sign for the Market.

Moreover, Now the level of Resistance for the index will be at around 17360, whereas on the downside, the level of support has also shifted upwards to 17155.

In addition to which, as only 3 more days are left for the Crucial Month of December to end. Stay Cautious, Stay Stock Specific and Keep following the Cherry Picking strategy, as of now.

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

Regards,
Alok Daiya