Morning Mantra, 25th August 2022Good Morning,
Just as we had stated yesterday, that most probably the Market is getting ready to reach the levels of 18100, similarly we are being able to witness the same.
As it was a good day yesterday, since after a gap down opening in Nifty, the index has managed to show us a good recovery in its levels by giving a positive closing for the past 2 consecutive days.
Moreover, a positive buying trend from FIIs is somehow indicating a good sign for the market.
So, continue being stock specific and follow the cherry picking strategy, as of now. Also, the level of 17300 will continue to work as an immediate support level for the index.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 17604.95 (27.45)
Regards,
Alok Daiya
Long