Morning Mantra, 30th September 2022

29 Eyl 2022

Once again, we got to witness approx 400-450 points movement in Nifty in a single day, yesterday. Where after a beautiful gap up opening, we had seen a huge selling pressure in the Market. While on the other hand, some of the stocks, on a positive note are again indicating a price correction.

Just as we had stated yesterday as well, as of now Nifty is behaving just like a teenager, by showing huge volatility.

Well as per the current situation we are still bullish on Nifty, and suggesting for some Cherry Picking strategy with proper money management as per your risk appetite. As of now, 16940 will play a crucial Resistance level for Nifty.

Happy Learning & Happy Festivals!

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

Nifty’s Previous Day Closing - 16818.10 (-40.50)

Regards,
Alok Daiya