Morning Mantra, 7th April 2022

٧ أبريل ٢٠٢٢

Good Morning!

On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday.

Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not violate its support level on a closing basis.

Moreover, as today is a day of weekly settlement, it will be suggested to stay cautious and to be stock specific.

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

Regards,
Alok Daiya