Morning Mantra, 3rd January 2022

٣ يناير ٢٠٢٢

Good Morning!

Wish You All A Very Happy New Year 2022, and here I take you to our first Morning Mantra of this New Year!

Where as it had been stated and witnessed on the last trading session, till now Nifty has been trading in its narrow range of 17360-17220-17155.

The rising covid cases has become a matter of concern, as of now. So, currently it will be better to consider Today as a “No Trade Day”, hence avoid being too aggressive in the Market until a fresh breakout in the Index.

Apart from that, we are wishing that May this New Year bring a new ray of hope with some more positivity in the Market. Wherein, initially for some favourable situations to come up, we are hoping to witness either a breakthrough or a crossover of the nifty levels. As only after that will we be in a position to decide for a fresh new direction.

So, till then stay Cautious and be Stock Specific.

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

Regards,
Alok Daiya