Morning Mantra, 14th December 2021

Good Morning!

Today, will be a very crucial day for the Market. Where, it will be suggested to kindly avoid going for any fresh trades, instead wait and watch for a stable closing.

Since, just as we had stated in yesterday’s Morning Mantra, similarly we did witness a sharp rise in Nifty in the early hours itself. However, due to the pressure of supply, we did also observe how by not being able to sustain above our stated level of resistance (i.e., of above 17,650), the Index had in turn given us a closing at a very crucial level, yesterday (approx 17,368.25)

Hence, for now, it will be suggested to avoid any kind of panic and to keep patience along with staying stock specific.

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

Regards,
Alok Daiya