Morning Mantra , 23rd December 2021

23 thg 12, 2021

Good Morning!

Just as we had already stated in our Morning Mantra Updates, similarly, we did very much witness that Nifty had faced a resistance at two of our stated levels of 16800 and 16960 respectively.

However, yesterday, Fortunately or Unfortunately the index had ultimately given us a closing at around the crucial level of 16955.

Moreover, as today is a Thursday, so it is being expected that the first 2 hours will somehow be very crucial for the Market. Wherein, if Nifty manages to enter the house of 17000 and manages to sustain in there for about this 2 hour span of time, then it can be a good sign for the Market. On the other hand, on the downside, 16600 will be a level of support for the Market.

Also, just as we have already been stating these days, that there is a sheer need to stay cautious for this Entire Month of December. Similarly, it will still be suggested to remain cautious, to stay stock specific and to follow the Cherry Picking strategy, as of now.

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

Regards,
Alok Daiya