Morning Mantra, 30th May 2022

Good Morning!

As we had stated in the last Morning Mantra update, similarly we did also see that bringing forth some good recovery on the last trading day, the Index had tried hard to reach the level of 16400. However, unfortunately it failed to do so.

Again, as per the beautiful chart formation made by the index in the previous week, we can say that there are chances to witness a good recovery in the index. Where, if everything goes in favour, then very soon we can witness the levels of 16700, after a sustainable closing of above 16400.

However, as the Result season is on, continue being stock specific, as of now.

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

Nifty’s Closing as on 27.05.22 - 16352.45

Regards,
Alok Daiya