Morning Mantra, 6th December 2022

Just as we had stated yesterday, about being cautious at the present moment. Similarly, we did observe that somehow throughout the entire day, the index had been trading in a specific zone and had ultimately ended with a flat closing.

Moreover, since the market seems to be consolidating as of now, it will be suggested to remain cautious, be stock specific and continue with the reviewing of your portfolio.

Also, cherry picking strategy can be followed here, with the near term and medium term support levels of 18400 and 17800, respectively.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18701.05 (+4.95)

Regards, 
Alok Daiya