Morning Mantra, 2nd December 2022Starting with a gap up opening and then gradually leading on to make a fresh new all time high of 18887.60 was all about yesterday’s glory.
These back to back 3 Consecutive days of Nifty making a fresh new all time high has undoubtedly been captivating for all market participants.
Not to forget about being grateful for the art of technical analysis, because of which we have seen the significance of the levels of 17800 and 18500. As with the support of 17800, Nifty managed to cross over its resistance level of 18500. It is after this beautiful breakout that we are now witnessing a beautiful rally in the Market.
Well for now, since today is the last trading day of this week, so be cautious and be stock specific. Also, continue reviewing and rebalancing your portfolio, as of now.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18812.50 (+54.15)
Regards,
Alok Daiya
