Morning Mantra, 11th October 2022

Just as it was expected, similarly we did witness a gap down opening in Nifty yesterday. Also, it was a day full of volatility in the Market.

However, on a positive note, we did see some stock specific momentum yesterday. Besides, fortunately Nifty did manage to sustain above our crucial levels of 17170 and 16940 on a closing basis. Which, therefore shows some strength in the Market, as of now.

Further, as per the current scenario, it will be suggested to keep your patience and to continue being stock specific.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17241.00 (-73.65)

Regards,
Alok Daiya