Morning Mantra, 20th December 2022

Just as we had stated yesterday, about observing the formation of an inverted hammer on the Daily as well as on the Weekly chart of Nifty, also about witnessing a bounce back and thereafter a closing of above 18400. Likewise we did witness exactly the same yesterday itself, as fortunately Nifty gave a closing of 18420.45

Well, now it's time to witness some positive outcome from the Market. So ideally, we should now wait and watch the Market's momentum with the support of 18400 and 18170.

In the Meantime, be stock specific as it is being expected that the Market can somehow stay dull for the upcoming 10-15 days. Also, go for some portfolio rebalancing, as it's an ideal time, to do so.

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

Nifty’s Previous Day Closing - 18420.45 (+151.45)

Regards,
Alok Daiya