Morning Mantra, 27th December 2022

Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise, we did witness the same yesterday itself.

Moreover, as we have been consistently stating about being cautious for the Month of December. Similarly, it is expected that this week too, will be a little volatile. So be cautious.

Besides, with the strong support level of 17800, be stock specific and continue rebalancing your portfolio. Also, you can follow the cherry picking strategy.

Furthermore, as of now the near term Resistance level will be 18170 and 18400.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing :- 18014.60 (+207.80)

Regards, 
Alok Daiya