Morning Mantra, 4th July 2022

Good Morning!

In the last trading session, we had observed that even after making a low of around 15511, Nifty had managed to show us a beautiful recovery and consequently a positive closing of above our stated level of support of 15700. Thereby, reflecting a strength in the Market.

As of now, as the Index seems to be preparing a platform for the levels of 15850-15950, it will be a good sign for the Market, if Nifty manages to give a closing of above the aforementioned stated levels.

Until then, continue staying stock specific.

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

Nifty’s Previous Day Closing - 15752.05

Regards,
Alok Daiya