Morning Mantra, 17th January 2022

Good Morning,

In adherence to what we had stated on the last trading day of the previous week, similarly somewhat the same is our view for today as well, as no big momentum was observed in the Market on Friday.

Where as of now we can see that Nifty is consecutively facing a Resistance at our stated level of Resistance at 18300. However, as per the chart setup, we are still positive for our predicted Target of 18500, with an immediate support of 17940.

Moreover, since it’s a Month of Results, so staying stock specific will still be suggested, as of now.

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

Regards,
Alok Daiya