Morning Mantra, 26th May 2022

Good Morning!

In the yesterday’s trading session, we could see that most of the Stocks were somewhere or the other in their correction mode. Also, most of the sectors showed us a sharp decline.

Altogether, we can see that Nifty is still confused as it is still trading in the range of 15900-16400. Moreover, it can be seen that on failing to cross over above 16400, the Market has dragged the overall sentiments of the investors as well.

However, as per the current chart setup, we are expecting to witness a bounce back in the Index. Besides as it’s a Thursday, i.e., weekly settlement day, it will be suggested to remain cautious and to continue being stock specific as of now.

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

Nifty’s Closing as on 25.05.22 - 16025.80

Regards,
Alok Daiya