Morning Mantra, 25th July 2022

Good Morning!

Just as we had been stating about our positive expectations to witness the level of 16700 in Nifty. Similarly, we did observe a closing exactly near the stated Resistance level on the last trading day. Moreover, along with observing a good stock specific momentum in most of the stocks, we have also beautifully covered the journey from 15300 to 16700.

However, this week will be very crucial for the Market, as it has become very important for Nifty to give a stable closing of above 16700 on a weekly closing basis. Also, as per the ongoing result session, there is a mixed reaction so keep booking profits in the accumulated stocks, till the Market is trading near the level of 16700.

Stay cautious and be stock specific.

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

Nifty’s Previous Day Closing - 16719.45 (114.20)

Regards,
Alok Daiya