Morning Mantra, 10th December 2021

Good Morning!

Finally we have witnessed a closing of above the level of 17360, consistently for 2 days now.

Moreover, as of now, we are expecting a sharp rise in Nifty, Today! Where if, even though the index fails to do so and in turn somehow manages to give a closing of above 17454, then in such circumstances we will still hold an expectation for a positive momentum in Nifty in the upcoming days.

Adding on to which, the level of 17800 will remain to be our first level of resistance for the Index, as of now. Also, we are still with our words as being stock specific and following the Cherry Picking strategy will still be favourable for the Market Participants.

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

Regards,
Alok Daiya