Morning Mantra, 8th December 2022

Dec 7, 2022

Just as we have been consistently stating about being cautious, these days. Similarly, we can observe that from the past 3 consecutive days, we have been witnessing back to back lower lows on closing basis, in Nifty. Which altogether is raising a concern and also the need to be cautious, at present.

Besides, with the stated support levels of 18400 in the near term and 17800 in the medium term, we will now wait and watch the Market’s momentum for the remaining 2 trading days of this week.

In the meanwhile, be stock specific and continue rebalancing your portfolio.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18560.50 (-82.25)

Regards, 
Alok Daiya