Morning Mantra, 5th July 2022

Good Morning!

Once again, the level of 15700 was proven to be of great significance. As we had witnessed a beautiful recovery in the index from the stated level, yesterday. Where, on a positive note Nifty took a good attempt in crossing over 15850.

Although, it somehow failed to give a closing of above the stated level, but we are still positive on the Market. As with the strong support at 15700 on a closing basis we are expecting to witness a cross over and a positive closing of above 15850-15950, very soon.

Until then continue being stock specific.

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

Nifty’s Previous Day Closing - 15835.35

Regards,
Alok Daiya