Morning Mantra, 21st October 2022

Good Morning!

On observing the yesterday’s trading session, we had seen a beautiful recovery from the lower levels in Nifty. Moreover, just as we had already stated, about the continuous, beautiful and a positive closing of above 17270, similarly we have seen a good strength in the Market as well.

Apart from this, since today is Friday, i.e., the last trading day before the holiday week, it is being expected that the Market can be quite volatile today. So, it is better to be stock specific in such situations.

As even in the yesterday’s trading session, apart from the gain in Nifty we had observed many breakouts in the stocks and on the other hand many downfalls as well. So volatility is still there in the Market with the stock specific momentum.

So be cautious, be stock specific!

Wishing you and your family a very Happy Dhanteras & Diwali.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17563.95 (51.70)

Regards,
Alok Daiya