Morning Mantra, 22nd September 2022

NSE:NIFTY   Nifty 50 Index
Greetings of the Day!

Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis.

Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels.

Until then continue being stock specific.

Happy Trading!

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

Nifty’s Previous Day Closing - 17718.35 (-97.90)

Alok Daiya


Alok Daiya
SEBI Registered Research Analyst

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.