Morning Mantra, 4th October 2022

Just as we had stated yesterday, regarding the volatility of the market, similarly we could witness the same in the yesterday’s trading session.

Where on one hand, the entire market was in a panic mood just because of the Singapore Nifty’s Market opening, on the other hand, Nifty made a flat but a positive opening, with some stock specific momentum, which somehow indicates price correction in the stocks.

However, unfortunately it was during the second half, that the market lost all its gain and turned into a negative of 200 points. Which somehow indicates a fight between the bull and the bear.

Besides, as we told you yesterday about some positive bullish reversal formations in Nifty. Similarly, on the day as well as on the weekly chart those patterns are still on hold, so we are still positive on Nifty.

Since, today will be a last day before the Dussehra holiday so let's keep our fingers crossed for the positive momentum in the market and a beautiful stable closing as expected.

Happy Investing!

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

Nifty’s Previous Day Closing - 16887.35 (-207)

Regards,
Alok Daiya