Morning Mantra, 7th January 2022

٧ يناير ٢٠٢٢

Good Morning!

What a wonderful day it was Yesterday!

Yes, it was wonderful in a way that we had got to witness how nifty traded within its predicted range of the two crucial support levels of 17800 - 17630 respectively. As it made a high of around 17797 and a low of 17655 approx, yesterday itself.

Moreover, as it’s a last trading day of the week, it would be suggested to stay Cautious, in fact to wait and watch for either a breakthrough the level of 17630 or a crossover of above the level of 17800 by the index. As somehow only after that will we be able to decide the Market’s New Trend.

However, there’s nothing to fear much as of now as the Market’s sentiment still seems to be positive as per the chart setup. Hence, we are still with our words to Stay Cautious and to be Stock Specific.

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

Regards,
Alok Daiya