Morning Mantra, 12th September 2022

Just as we had stated on the last trading day, about the probability of witnessing a breakout of 17800 level. Fortunately, we have finally witnessed a crossover and a closing of above 17800, on the last trading day itself.

As of now with the support of 17300, if Nifty manages to sustain above 17800 and stably cross over above 18090, then very soon the level of 19380 will be activated, subject to any systematic risk.

Until then continue being stock specific.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17833.35 (34.60)

Regards,
Alok Daiya