Morning Mantra, 9th November 2022

Good Morning!

On observing the current chart setup, we can clearly see the formation of a Doji pattern, both on the daily as well as on the weekly chart. Which is somehow indicating cautiousness among the Market participants.

So, as of now it will be better to suggest to be stock specific with the stated support level of 17800 on closing basis.

Apart from this, the overall market sentiments still seem to be positive. Thereby, it seems that Nifty is somehow ready for a new high in the near-term.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18202.80 (85.65)

Regards, 
Alok Daiya