Morning Mantra, 8th April 2022

Good Morning!

As we had observed in the yesterday’s trading session, just on breaking through the support level of 17800, Nifty went straight for our previously stated resistance level of 17630. Thus, it seems that Nifty has now taken a pull back.

Also, it appears that now it might be crucial for the index to sustain above the level of 17630 today. Hence, with staying cautious we will wait and watch for a clear cut indication from the Market, today.

However, we are optimistic for a positive bounce back in the Market in the upcoming trading sessions.

So, Until then, stay cautious and be stock specific.

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

Regards,
Alok Daiya