Morning Mantra, 25th October 2022

The journey from 17270 to 17720, which we call as a sharp rally, has undoubtedly shown a good strength in the Market, as the index has shown a beautiful rally of approx 500 points in just last 5 days.

Well for now, since it’s the time of Festival season and we have got just 3 full trading days this week, so it will better to stay cautious and to be stock specific for this week.

After which, in the next week where we start afresh, we can probably decide on the appropriate strategies on the market.

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

Nifty’s Previous Day Closing - 17730.75 (154.45)

Regards,
Alok Daiya