Morning Mantra, 10th January2022

Good Morning!

Since few days now, we have been suggesting to wait and watch for either a break through down the level of 17630 or a crossover of above the level of 17800 by the index. Similarly, now that we had witnessed a closing of above 17800, i.e., a crossover of above the resistance level, we will wait and watch for today’s closing, in support of the Market’s efforts in deciding for its New Trend.

Moreover, now that the Market seems to have stepped onto the stairs of an uprise, we can upgrade our immediate level of support to be at 17800, followed by 17630 and 17360, respectively. However, the level of Resistance will remain to be the same, i.e., at 18090, as of now.

Also, as per the current market situations, it’ll still be suggested to Stay Cautious and Be Stock Specific!

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

Regards,
Alok Daiya