Morning Mantra, 6th January 2022

6 בינו׳ 2022

Good Morning!

What a wonderful rally of almost 500 points we have got to witness from Nifty, in these 3 days.

As the Market seems to have stepped onto the stairs of an uprise, we can upgrade our immediate level of support to now be at 17800, followed by 17630 and 17360, respectively. However, the level of Resistance will remain to be the same, i.e., at 18090, as of now.

Moreover, since it’s a Month of Corporate Earnings, it will be suggested to stay cautious and to be stock specific, for the better.

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

Regards,
Alok Daiya