Morning Mantra, 20th April 2022

Good Morning,

On observing the Trading Session yesterday, we could witness the importance of the predicted support level of 16800. As even after making a low of 16824 approx during the day, Nifty managed to show us a beautiful recovery of almost 125 points, by closing at around the level of 16958.

Moreover, onlooking such strength in the Market amidst the volatility, the level of 16800 will remain to be the crucial level of support for the index.

Until then, we can say that with some cautiousness, we are still positive on the Market for the upcoming days.

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

Nifty’s Closing as on 19.04.22 - 16958.65

Regards,
Alok Daiya