Morning Mantra, 9th May 2022

Good Morning!

As per the Current Market Scenario, our support zone of 15580-15850 has been activated once again. However, a positive sentiment will be active only after witnessing a stable closing of above 16800.

Moreover, on the basis of the hourly chart setup of the index, we are expecting to witness a formation of an island gap.

Since the Market is highly affected by some major systematic risk, these days. It will be advisable to be stock specific during this Result season.

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

Nifty’s Closing as on 06.05.22 - 16411.25

Regards,
Alok Daiya