Morning Mantra, 18th April 2022

Good Morning!

Welcome back after a long festive weekend.

In the last trading session, we did observe that even though Nifty made a high of 17663, it failed to give us a closing of above 17630. On the other hand, it also managed to stay above its support level of 17310.

However, Today will be a No Trade Day. As after a come back from a long weekend, it will be better to wait and watch for the Market to take a clear cut direction on the either side. Meanwhile, the level of 17310 will remain to be our support level on the downside and 17630 will work as the level of Resistance for the Market, as of now.

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

Nifty’s Closing as on 13.04.22 - 17475.65

Regards,
Alok Daiya