Morning Mantra, 18th January 2022

Good Morning!

As it was very much apparent, we have seen how Nifty has given a closing at a very crucial level of 18308.10 on the previous day, which however is very close to our stated level of Resistance of 18300.

However, we are still quite positive for the Market, where if it manages to sustain above 18300, for the first 2 hours today, then we might witness the level of 18500 within this week itself.

Moreover, we have trailed our support level to now be at 18130.

In addition to which, as it’s a Month of Results, staying stock specific will still be a better option. Wherein, gradually we might move towards the mode of Cherry Picking.

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

Regards,
Alok Daiya