Morning Mantra, 21st June 2022

21 thg 6, 2022

Good Morning!

Just as we had already stated about keeping the Market in an Observation mode for the next 2-3 Days. Fortunately, we did observe the same response from Nifty itself. As it continued to trade in between the levels of 15270-15350. Which however is a good sign for the Market.

Moreover, it seems like the Index is somehow trying to take a support at this level of 15300. Also, just as we had already stated, avoid being too aggressive in the Market, until Nifty stably crosses 15580 on closing basis.

So, be cautious as of now and wait for the beautiful closing of above 15580.

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

Nifty’s Previous Day Closing - 15350.15

Regards,
Alok Daiya