Morning Mantra, 5th September 2022

Good Morning!

Just as we had stated on the last trading day as well, similarly, we can see that the index continues to trade within its consolidation zone of 17300-17700.

It seems as if the index is somehow creating a platform for a new rally. Besides, we are still with our words that with the support of 17300 we are still positive on the Market, subject to any systematic risks.

So, as of now be stock specific and continue following the cherry picking strategy.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 17539.45 (-3.35)

Regards,
Alok Daiya