Morning Mantra, 30th December 2022

So, once again yesterday we had witnessed the accuracy of technical analysis.

Where on one hand, due to effectiveness of shooting star we had observed a gap down opening yesterday. On the other hand, we did also witness a beautiful bounce back in Nifty during the last Market hours.

This positive bounce back, finally resulted in giving a stable closing of above 18170. Which altogether added on to the positive sentiments of the Market.

For today, we can expect a beautiful positive momentum in Nifty. Which in turn, can help the index to reach our 2nd Resistance level of 18400.

Furthermore, since today is last trading day of the calendar year 2022. So, we are very much positive for the market and hopeful to welcome the new year 2023 with more positivity and new highs.

In the meanwhile, be stock specific and continue rebalancing your portfolio.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing :- 18191 (+68.50)

Regards, 
Alok Daiya