Morning Mantra, 17th June 2022

Good Morning!

As we had stated yesterday itself, similarly Yesterday’s Trading Session was quite volatile almost throughout the day. Where finally, Nifty chose to break down its crucial support level of 15580 on a closing basis. Which was definitely an alarming factor.

Reaching back to the levels of its 52 Week Low, Nifty had created a panic in the Market. Moreover, since today is the last Trading Day of the week, so today’s closing will be important.

In the Meanwhile, avoid being too aggressive in the Market as of now. Instead keep the Momentum of the Index in your observation. Wherein, for the bull side view, witnessing a stable closing of above 15580 has now become very important.

Also, stay cautious and go for portfolio review.

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

Nifty’s Previous Day Closing - 15360.60

Regards,
Alok Daiya