Dear All,
Just like we had stated in the yesterday’s Morning Mantra update, that Nifty can create some panic around the level of 17300 and that it can take a support at around 17180, which will work as a speed breaker in between the levels of 17300 and 16800 level. Similarly, we did witness almost the approximate figure of 17154, which is very near to 17180.
So, it is expected that 17180-17100 are the levels, around which Nifty will consolidate as of now. Wherein, below 17180, 16800 will be the probable level around which Nifty can trade once again.
Furthermore, 17300-16800 will be the new range for Nifty as of now. Besides, if Nifty takes a support at 17180, then we are quite positive that we can once again reach the level of above 17300.
Until then, continue being stock specific and keep patience.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Just like we had stated in the yesterday’s Morning Mantra update, that Nifty can create some panic around the level of 17300 and that it can take a support at around 17180, which will work as a speed breaker in between the levels of 17300 and 16800 level. Similarly, we did witness almost the approximate figure of 17154, which is very near to 17180.
So, it is expected that 17180-17100 are the levels, around which Nifty will consolidate as of now. Wherein, below 17180, 16800 will be the probable level around which Nifty can trade once again.
Furthermore, 17300-16800 will be the new range for Nifty as of now. Besides, if Nifty takes a support at 17180, then we are quite positive that we can once again reach the level of above 17300.
Until then, continue being stock specific and keep patience.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
