Morning Mantra, 13th January 2022

13 בינו׳ 2022

Good Morning!

Just as we had stated yesterday, similarly we did also witness how after sustaining above 18090, Nifty showed us a good upmove thereafter and had successfully given us a closing of approx 18212, yesterday itself.

We are glad that after being able to patiently stay cautious in December, we are now being able to enjoy a good uprise in the index, where we have covered a journey from 16410 of December to now a high of 18227 approx, that too in just 3 weeks.

So, thank you for patiently being a part of an approx 2000 points rally of Nifty.

Moreover, now that Nifty has stepped onto the stairs of an uprise, we have upgraded our Target to now be at 18500, and have trailed our stop loss to 17940.

Staying stock specific will still be suggested, as it’s a Month of Results.

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

Regards,
Alok Daiya