Morning Mantra, 8th June 2022

Good Morning!

With the back to back 2 days of dullness in the Market, it seems like Nifty is somehow or the other preparing itself for a cross over of above 16700. As on a positive note even after a dry trading day yesterday, Nifty somehow managed to not violate its strong support level of 16400 on a closing basis. Thereby, adding up to our Hope of witnessing the bull side of the market in the upcoming days.

Moreover, since Nifty is still trading in its consolidation zone of 16700-16400, we will yet again be waiting for an either side of breakout or breakdown by the index.

Until then stay stock specific!

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

Nifty’s Closing as on 07.06.22 - 16416.35

Regards,
Alok Daiya