Morning Mantra, 10th June 2022

Good Morning!

Just as we had stated yesterday, similarly Nifty stood up to our expectations by giving us a positive closing of above 16400.

So with this, Nifty has once again entered its zone of 16400-16700. Wherein, the level of 16700 once again becomes its targeted level of Resistance and on the other hand, the level of 16400 becomes the crucial support zone on the downside.

Moreover, since today is the last trading day of this week, so the day’s closing will play a very crucial role.

In the Meanwhile, continue being stock specific, as of now.

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

Nifty’s Closing as on 09.06.22 - 16478.10

Regards,
Alok Daiya