Morning Mantra, 3rd January 2023

Jan 2, 2023

So finally yesterday, we had once again witnessed a beautiful closing of above 18170.

Besides, just as we have been continuously stating about the two Resistance levels of 18170 and 18400 in Nifty. Similarly, as of now, with the index taking a beautiful support at 17800, we are expecting Nifty to reach the level of 18400, very soon.

Furthermore, the sustainability of above 18400 is very important for the market in the near term.

Overall, the market situation will be very volatile in the upcoming weeks. As Q3 results will be there along with the pre-budget impact.

So, be a little cautious and keep rebalancing your portfolio for now.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing :- 18197.45 (+92.15)

Regards, 
Alok Daiya