Morning Mantra, 17th August 2022

Good Morning!

Finally, Nifty managed to give us a positive closing of above 17700, yesterday. So yes, with the positive market sentiments, the index is doing quite good, along with the support of FII‘s significant buying.

Therefore, as of now Sell on Rise as per your risk appetite, will be the preferred strategy, in the case of already accumulated stocks that might now be generating a handsome return.

Also, now is the time to trail the support level to 17080.

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

Nifty’s Previous Day Closing - 17825.25 (127.10)

Regards,
Alok Daiya