Morning Mantra, 15th July 2022

Good Morning!

Just as we had considered yesterday to be a No Trade Day, similarly we did witness some volatility in the Market. Where after making a high and a low of 16070 and 15858 respectively on the very same day, Nifty had ultimately given us a flat closing of 15938. However, we are considering this market momentum as a pull back.

For now, we are expecting to witness Roller Coaster day today. Besides, as per the current market scenario, a positive momentum in different stocks across different sectors is somehow showing some hidden strength in the Market. So, we are still positive on the Market until it gives a closing of below 15850.

In the meanwhile, continue being stock specific as of now.

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

Nifty’s Previous Day Closing - 15938.65 (-28.00)

Regards,
Alok Daiya