Morning Mantra, 19th December 2022

Dec 19, 2022

Good Morning!

We are glad that our pre-updates on being cautious in the Market, could help all our followers during the previous week.

Well, as of now, on observing the formation of an inverted hammer, both on the Daily as well as Weekly chart of Nifty, we are quite hopeful for a bounce back in Nifty. Which if happens, then we can witness a positive closing of above 18400 in Nifty.

Although, it is also being expected that somehow the Market can stay a little dull for the upcoming 1-2 weeks.

So, stay stock specific, with an immediate support of 18170, as of now.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18269 (-145.90)

Regards, 
Alok Daiya