Morning Mantra, 29th June 2022

Good Morning!

A beautiful recovery was observed from the lower levels of Nifty, in the yesterday’s trading session. Although, unfortunately the index was unable to give a closing of above 15950.

Therefore, just as we have mentioned earlier, a lot of resistance can be faced at around the levels of 15850-15950. Thereby, for the short term, be cautious until Nifty gives a closing of above the stated level of Resistance.

Also, be stock specific, as of now.

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

Nifty’s Previous Day Closing - 15850.20

Regards,
Alok Daiya