Morning Mantra, 14th October 2022

Good Morning!

In the yesterday’s trading session, we observed a huge volatility in the Market. Besides, once again we could observe that Nifty is still trading in an indecisive mode. As even yesterday it failed to either break the level of 16940 or to cross over 17170.

Altogether this narrow range movement of the index is somehow indicating that some sharp movement is yet to come.

So, let us declare today as a Judgement Day.

Also, be stock specific until any breakout or breakdown in the Index.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17014.35 (-109.25)

Regards,
Alok Daiya