Morning Mantra, 21st April 2022

Good Morning!

Yesterday we had seen a very compact consolidation in Nifty with a positive note of stock specific buying in various sectors.

A perfect bullish harami on the day chart can help the market for a major breakout of 17300 once again.

Considering 16800 as a major support here, the idea of cherry picking will be the best strategy as of now.

Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350

Nifty’s Closing as on 20.04.22 - 17136.55

Regards,
Alok Daiya