Morning Mantra, 12th December 2022We are glad that we did constantly pre-update our readers throughout the previous week, about being cautious in the Market. Also, to wait and watch for the Market to decide its direction.
Likewise, on the last trading day, we had clearly observed the importance of the stated crucial support level of 18400. As after taking a beautiful support at the level of 18410, Nifty showed a significant recovery on a closing basis.
However, going by this strength in the Market, we are still positive on Nifty with the support levels of 18400 and 17800.
Moreover, it is expected that this week altogether can somehow help us in identifying Nifty's move for the upcoming days.
Thus, in the meantime, be stock specific and continue rebalancing your portfolio.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18496.60 (-112.75)
Regards,
Alok Daiya
