Morning Mantra, 20th June 2022

Good Morning!

On witnessing a Doji formation on the chart of Nifty, which itself is indicating its indecisive mode. The Index has somewhat supported our view of keeping the Market in Observation for 2-3 Trading Days.

Moreover, as Nifty has entered a very crucial zone of 15270-15300, it will be a good sign if it manages to stably sustain over the level of 15300 on a closing basis. Otherwise, the level of 14350 on the downside will soon be activated.

Besides, we are still positive on the index, as we are hoping to soon witness a bounce back herefrom.

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

Nifty’s Previous Day Closing - 15293.50

Regards,
Alok Daiya