Morning Mantra, 12th July 2022

Good Morning

Just as we have been stating in our updates, similarly Nifty has shown us a beautiful recovery from yesterday’s low of 16115 to a day’s high of 16248.

Moreover, on the positive note, the index now seems to be taking a strong support at our trailed level of 15850. So, we are now expecting to witness a stable cross over of above 16700 very soon.

Until then, continue following the Cherry Picking Strategy.

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

Nifty’s Previous Day Closing - 16216 (-4.60)

Regards,
Alok Daiya