Morning Mantra, 22nd of April 2022

Good Morning!

So, as had been stated in the Morning Mantra yesterday, similarly Nifty did take a positive breakout of above 17300.

Well as per the current situation, the level of 16800 will continue to play a crucial role for Nifty’s consolidation phase of around 17000-17300.

Moreover, on witnessing the stock specific momentum in various sectors, the cherry picking strategy will be the most suitable one to be followed.

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

Nifty’s Closing as on 21.04.22 - 17392.60

Regards,
Alok Daiya