Morning Mantra, 28th January 2022

Good Morning!

Since, Nifty failed to sustain above the crucial levels of 17300 - 17400 yesterday, we witnessed a closing of around 17110.

On the other hand, on a positive note, after making a bottom at its stated support level, the index did take a beautiful bounce back therefrom. So, basically today, we will again be looking forward to a closing of above 17400, for the Market to be in favour.

Moreover, since we have the budget coming up in the next week, it will be suggested to kindly protect your capital and to avoid making any aggressive trades, as of now.

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

Regards,
Alok Daiya