Morning Mantra, 14th September 2022

From the past 2 trading days, we have been mentioning the crucial figure of 18090 in our Morning Mantra updates. And just as we had already stated, similarly Nifty can be seen facing a Resistance at the stated level. As even after making a high of approx 18088 yesterday, Nifty missed crossing over above 18090 by just 2 points.

This however raises a little concern as we can also witness a continuous supply at the upper levels.

So, we are still with our words that once after Nifty manages to cross over above 18090 on closing basis, then very soon the level of 19380 will be activated, subject to any systematic risk. Otherwise, we can expect to witness a pull back in Nifty.

Until then with the support of 17300, stay stock specific and do not forget to make this link a bookmark to refer every morning at 8 AM.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 18070.05 (133.70)

Regards,
Alok Daiya