Morning Mantra, 4th August 2022

Good Morning!

As we can see, the Market is beautifully giving us a bounce back at every lower level. Also, buying opportunities at these lower levels is indicating to be a good sign for the Market.

Moreover, as we have been repeatedly saying, the Market still seems to be in a very good mood and is getting ready for a new high by this Diwali. So, yes altogether it’s a good time for getting your portfolio evaluated and rebalanced, according to your risk profile and goals.

Besides, the level of 16700 remains to be our level of support, as of now.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 17388.15 (42.70)

Regards,
Alok Daiya