Morning Mantra, 22nd June 2022

Good Morning,

Just as we had stated, similarly we did also see a positive outcome of keeping Nifty’s momentum in an Observation mode for the past 2-3 Days. As managing to stay above the cautioned zone of 15270-15350, the index finally showed us a bounce back, yesterday.

However, it will still be suggested to avoid being too aggressive in the Market, until Nifty gives us a positive and a stable closing of above 15850, which is our next Targeted level of Resistance.

So, stay cautious and wait for the finest and a positive closing of this week.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 15638.80

Regards,
Alok Daiya