Morning Mantra, 29th July 2022

Good Morning!

Well, just as we had stated about witnessing a boost in the market sentiments above the level of 16700, similarly right after a breakout of above the stated level, Nifty went straight for the levels of 16947, as the day’s high, yesterday.

Moreover, with our stated support level of 16300, we are still quite positive on the Market as we expect to witness a good bullish momentum, i.e, a New High by the Diwali Festival. Also, if everything goes smoothly and as expected then very soon we can uplift our support level to 16700.

Stay stock specific, and keep following the Cherry Picking Strategy, as of now.

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

Nifty’s Previous Day Closing - 16929.60 (287.80)

Regards,
Alok Daiya