Morning Mantra, 14th November 2022

14 Nov 2022

Good Morning!

Just as we had been stating during the previous week, about the overall market sentiments being positive, similarly we did also observe a beautifully positive closing in Nifty on the last trading day, which was around 18349.70 (+321.50).

Well for this week, the formation of a hanging man pattern on the weekly chart of Nifty, is somehow indicating to us that this week can be a little crucial for the market.

Besides, a closing of above 18510 on a weekly basis, will once again be a very crucial event, as the market is very near to its last high.

So, as of now with the weekly support range of 18040-17800, be cautious and be stock specific.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 18349.70 (321.50)

Regards, 
Alok Daiya