Morning Mantra, 14th June 2022

Good Morning!

Another day of Gap down opening from Nifty, had resulted in the creation of huge panic in the Market, yesterday.

Well, we can say that as per the current market scenario, the index is somewhere or the other trading at its edge. Wherein, with the crucial support level of 15580 on the downside, it has now become very important for the Index to stably cross over and give a closing of above 15950.

Moreover, this week, will somehow be very crucial for the Market. Where in the meanwhile, it will be suggested to stay cautious and to wait for Nifty to take an either side direction of above 15950 or below 15580.

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

Nifty’s Closing as on 13.06.22 - 15774.40

Regards,
Alok Daiya