Morning Mantra, 26th December 2022

Just as we had already cautioned on the 5th of December itself. Likewise, we did finally witness Nifty near its support level of 17800 once again, on the last trading day.

Well, we are somewhat hopeful here, as we expect to witness a bounce back from the current levels of 17806.80

However, as we have already been stating about being cautious for 10-15 days of December, similarly it is being expected that this week as well will be a little dull for the Market.

So, with the weekly support level of 17800, be a little cautious and be stock specific for another 1.5 weeks. Wherein, the level of 18170-18400 are the expected Resistance levels.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing :- 17806.80 (-320.55)

Regards, 
Alok Daiya