Morning Mantra, 5th December 2022

Good Morning!

We are glad that we could pre aware our followers, about being cautious on the last trading day. As by the end of the day, on Friday, we did observe a significant supply pressure in the Market.

Well for now, there’s a need to be cautious as we have entered the month of December, which is the end of the Financial Year of the FIIs.

Moreover, we are still with our words that with the support level of 18400 as of now, it is a good time to review your portfolio. Whereas, on a medium term, the support level can be 17800.

So, with these support levels, be quite cautious, be stock specific and maintain a balanced approach towards your portfolio.

Happy Investing!

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

Nifty’s Previous Day Closing - 18696.10 (-116.40)

Regards,
Alok Daiya