Morning Mantra, 29th April 2022

Good Morning,

Yesterday we observed a very volatile momentum in the Market, where we could also see a positive attempt taken by Nifty to cross over the level of 17300. However, unfortunately, despite the attempt it somehow failed to sustain above the level of 17300.

Well for today, we are expecting to witness a sharp rise in the Market, which will somehow once again activate the level of 17650 on the upper side as a strong resistance level.

As per the current chart pattern, we are positively hoping that the level of support might now shift from 16800 to 17300.

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

Nifty’s Closing as on 28.04.22 - 17245.05

Regards,
Alok Daiya