Morning Mantra, 22nd November 2022

A Gap down opening along with a few doji formations on yesterday's hourly chart, has been a clear indication of the indecisive mode of the Market.

Wherein, we had clearly seen a beautiful rally in the PSU Banks, which has somehow proven being stock specific, as absolutely correct.

So, altogether we are still with our words that with the support level of 17800 in Nifty, we are hopeful for a positive sentimental rally towards 18500.

Therefore, until then be stock specific and follow the Cherry Picking Strategy for long term.

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

Nifty’s Previous Day Closing - 18159.95 (-147.70)

Regards,
Alok Daiya