Morning Mantra, 19th August 2022

Good Morning!

Just as we had stated yesterday about witnessing volatility in the Market, similarly we did witness the same in the Yesterday’s Trading Session. Wherein, Nifty showed us a beautiful recovery during the last trading hours, and ultimately gave us a positive closing. Which altogether indicates a good sign.

Moreover, it seems like Nifty is somehow currently stuck in a range therefore there’s a need to stay cautious as of now. Further, it is being expected that Nifty is preparing itself to cross over the level of 18100 with strength.

Besides, we are still with our words that this is an ideal time for partial profit booking as most of the stocks are currently trading at around their respective Resistance levels.

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

Nifty’s Previous Day Closing - 17956.50 (12.25)

Regards,
Alok Daiya