Morning Mantra, 25th January 2022

Good Morning!

Once again our efforts to keep you aware and cautious against the challenges of the Market, were very much fruitful and on point yesterday, as Nifty decided to take a sharp fall down to its support level of 17300. Not just that, on breaking the support level, it further tumbled down to make a low of around 16997.

Well as far as Today’s condition is concerned, it is being expected that Nifty can further swoop down and make its bottom at around 16900-16770. Therefore, there’s still a high need of staying cautious. On the other hand, the level of 17300 will now play an important role as a Crucial Resistance.

Also, note that Tomorrow will be a holiday and for today you must avoid being too aggressive in the Market, where instead you can sit on your cash, as of now for the better.

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

Regards,
Alok Daiya