Morning Mantra, 23rd November 2022

22 Kas 2022

Just as we had stated yesterday about the positive sentimental rally towards the level of 18500, similarly we could also observe a healthy closing in Nifty with a positive 84.25 points, yesterday.

On a positive note, we can now observe a beautiful bullish harami formation on the day chart of Nifty, along with a Doji formation on the weekly chart (as of now) . Which altogether is indicating a positive reversal from here.

So, as of now with these positive formations on the chart, we are quite positively hopeful for the level of 18500.

In the meanwhile, be stock specific, start following the cherry picking strategy with the support level of 17800.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18244.20 (84.25)

Regards, 
Alok Daiya