Morning Mantra, 9th September 2022

What a trading day it was yesterday!

Where after a gap up opening, Nifty showed us a downfall in its levels during the second half. However, it also managed to show us a beautiful recovery on the same day itself, as it ultimately gave us a closing of just near to our stated crucial level of Resistance of 17800.

So, somehow today will be a very crucial day for the Market. Although there are chances to witness a breakout of 17800 level. After which, we can expect to witness a sharp rise in the Market.

So, stay cautious, be stock specific and wait & watch for today’s closing!

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17798.75 (174.35)

Regards,
Alok Daiya