Morning Mantra, 16th September 2022

Good Morning!

Once again Nifty failed to sustain above the stated crucial level of 18090 for the 3rd consecutive day, yesterday.

So as per the current scenario, until the index manages to give a closing of above 18090, it will be suggested to stay cautious and follow the Sell on Rise strategy for the best.

On the other hand, on a positive note even after the repetitive failed attempts by Nifty to give a closing of 18090, a significant profit booking opportunities had been observed in many of the stocks even yesterday, so it will also be suggested to remain stock specific as of now.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17877.40 (-126.35)

Regards,
Alok Daiya