Morning Mantra, 30th November 2021

Just as we had stated yesterday, similarly, we had also witnessed how beautifully #Nifty had sustained our predicted support range levels of 16700-16800, and just after making a day’s low of 16782.40, the index had somehow very well managed to bounce back therefrom.

Well, as of now, a beautiful formation of Dragonfly Doji on the chart, seems to very well depict our prediction, which is, that Nifty might now take a pause from this sharp fall. Wherefrom we can expect the Market to move in sideways and to thereby create a platform.

Moreover, it’ll be a sheer matter of Concern, if the index gives a closing of below 16700. So altogether, as of now, this level of 16700 will play a very crucial role on the closing basis.

Stay stock specific. Invest in selective stocks only, as it’s a good time to accumulate some qualitative stocks, which appear to be having a good potential in the near term. Also, as of now, avoid aggressive buying, for the better.

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

Regards,
Alok Daiya