Morning Mantra, 18th July 2022

Good morning

In the Last week, Nifty took a beautiful support at the level of 15850 and had given a beautiful weekly closing, which altogether is somehow indicating a beautiful rally in Nifty in this week.

The level 16300 will be an immediate Resistance, closing above which we can face a crucial Resistance at 16700.

As of now, cherry picking will be a good strategy.

Be stock specific.

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

Nifty’s Previous Day Closing - 16049.20 (110.55)

Regards,
Alok Daiya