Morning Mantra, 21st July 2022

Good Morning!

Just as we have been stating about the positive market sentiments, similarly Nifty did show a good uprise in its levels yesterday, as it successfully made a high of 16588.

Moreover, as we have already stated that it is very important for Nifty to sustain above the level of 16300, for 2 more days. So, we will have to be a little cautious for today and tomorrow. Whereafter, a Positive weekly closing will uplift nifty's support level from 15850 to 16100.

As of now, we are still quite hopeful for Nifty to reach its next Resistance level of 16700.

Until then, continue following the Cherry Picking Strategy, as of now.

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

Nifty’s Previous Day Closing - 16520.85 (180.30)

Regards,
Alok Daiya