Morning Mantra, 7th July 2022

Good Morning!

What a beautiful recovery was witnessed in the Market, yesterday. Just as we had stated on the 5th of July itself, in the same way, we had finally witnessed a beautiful closing of above 15950 in the yesterday’s trading session.

Moreover, with the same level of support at 15700, we will now be requiring a stable weekly closing of above 15950. After which we will have an advantage of shifting our support level to 15850.

Until then continue being stock specific and keep a watch on the weekly closing of the index.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 15989.80 (178.95)

Regards,
Alok Daiya