Morning Mantra, 19th October 2022

What a Wonderful Day it was yesterday!

Where Nifty made a beautiful high of around of 17527, and not just that but it also managed to give us a stable closing of above 17270, for another consecutive day.

Well as of now, since the festive mood is on, there’s a need to stay cautious till the next week. Where if Nifty consistently manages to sustain above the stated level of 17270, then it will be quite a good sign for the Market.

However, in the meanwhile, continue being stock specific, with the support of 17270 and 16940.

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

Nifty’s Previous Day Closing - 17486.95 (175.15)

Regards,
Alok Daiya