Morning Mantra, 28th April 2022

Good Morning,

On witnessing a gap down opening in Nifty, yesterday, we did also observe how thereafter the Market continued to trade in its consolidation zone, with a very little momentum.

Also, once again it failed to either cross above the level of 17300 or break down the support level of 16800.

Moreover, since today is a Monthly Expiry, it is being expected that the Market will continue to trade in its super consolidation zone. Therefore, instead of being too aggressive in the Market it will be suggested to consider today as a NO TRADE DAY.

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

Nifty’s Closing as on 27.04.22 - 17038.40

Regards,
Alok Daiya