Morning Mantra, 15th December 2022

Fascinatingly, just as we had stated yesterday itself about the need to witness a closing of above 18666. Likewise fortunately or unfortunately, Nifty has given a closing of 18660.30, yesterday.

So, make sure that you don’t miss our Morning Mantra update every trading day.

Well as of now, observing a crossed Doji formation on the Daily chart is somehow signifying the need to be cautious once again.

Besides, we are still with our words, that in order to witness some magical moments towards an upside, we need a stable closing of above 18666.

In the meanwhile, be stock specific and be a little cautious with our stated support levels of 18400 and 17800 in the near term.

Also, this is an ideal time for portfolio rebalancing and to follow the Cherry Picking Strategy.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18660.30 (+52.30)

Regards, 
Alok Daiya