Morning Mantra, 21st December2021

Good Morning!

Just as we had stated yesterday about the likelihood of Nifty being very open to the support levels of 16700 and 16800. Unfortunately, we had also witnessed that yesterday itself, Nifty had made a low of approx 16410.20. Not just that but on a positive note, the index also managed to show us a beautiful bounce back and finally give us a closing of above the level of 16600, i.e., 16614.20 approx., which however, is a good sign for the Market.

Moreover, as per the Current Market situations, it has now become very important to witness a closing of above the level of 16800.

Also, just as we have been stating, we are still with our words that such kind of situations of panic will continue till the Month of December. Hence, stay cautious.

Last but not the least, avoid being too aggressive in such situations, instead go for some Cherry Picking strategies and do not lose your hope.

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

Regards,
Alok Daiya