Morning Mantra, 21st September 2022

Just as we had stated yesterday, about our expectations for a beautiful bounce back. Similarly, we did observe a significant recovery in Nifty yesterday itself. Although not being able to sustain so, the index also showed some profit booking, by the second half.

As of now, as per the day chart, we can observe a shooting star pattern which is somehow indicating that we might witness a selling pressure in the Market Today.

So, we are still with our words as we continue to expect a volatility in the Market, as of now. Therefore, continue being stock specific and review your portfolio, as it is a good time to do so.

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

Nifty’s Previous Day Closing - 17816.25 (194)

Regards,
Alok Daiya