Morning Mantra, 25th May 2022

Good Morning!

As had been witnessed yesterday, the Market was very volatile with a lot of fluctuations. However, the index somehow still continued trading in its predicted range of 15900-16400.

So, as of now we are still with our words. As for the index to come out of its confused range, we need to witness either a fresh breakout of above 16400 or a breakthrough down the immediate support level of 15900.

Till then, continue being stock specific and stay cautious.

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

Nifty’s Closing as on 24.05.22 - 16125.15

Regards,
Alok Daiya