Morning Mantra, 20th July 2022

Good Morning!

Just as we had stated about our positive expectation on the 13th of July. Similarly even after a negative opening yesterday, Nifty had successfully managed to crossover and give a stable closing of above 16300.

Now with fingers crossed we are looking forward to Nifty reaching its next level of Resistance at 16700.

Where, if Nifty successfully manages to sustain above 16300 for the next 2 days, then we can easily shift our support level to 16100.

Also, we are still with our words as the Market sentiments is becoming positive day by day. So, cherry picking will be a good idea here, as per your risk appetite.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 16340.55 (62.05)

Regards,
Alok Daiya