Morning Mantra, 27th July 2022

Good Morning!

Just as we have been stating about the Market facing a Resistance at around the level of 16700. Similarly, a strong resistance is being observed near the stated level, these days.

Also, as we have already mentioned earlier, this is a Result Season, and in the meanwhile we have to stay cautious. However, with the level of 16300 as support, the overall sentiments for the Market is still positive, as of now.

Stay stock specific and be cautious.

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

Nifty’s Previous Day Closing - 16483.85 (-147.15)

Regards,
Alok Daiya