Morning Mantra, 5th January 2022

Good Morning!

In reference to our suggestion, after staying cautious for the Month of December 2021, we can now witness a beautiful rally in the Index that too within just 2 days of January 2022.

However, the situations are not yet too comfortable to be confident for a further uprise. Therefore, Staying Cautious will remain to be a part of our Daily Routine, as of now.

Also, just as we had stated yesterday, similarly after fighting for almost the entire day, Nifty was finally successful in crossing both the stated levels of Resistance at 17650-17700 by the end of the Day.

Hence, as per the current scenario, on the upper side, the level of Resistance will now be at 18090. Whereas, on the downside, the crucial level of support will now be of 17630 and 17360 respectively.

Moreover, since it’s a Month of Earnings, Staying Stock Specific will prove to be all the more fruitful, as of now.

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

Regards,
Alok Daiya