Morning Mantra, 11th July 2022

Good Morning!

Just as we had stated on the last trading day about our expectation of witnessing a solid weekly closing from Nifty. Fortunately, we did witness the same on last Friday.

Also, as had been mentioned earlier, we can now trail our support level to 15850 on closing basis, as the aforementioned level will play a very crucial role once again.

Moreover, with this level of support, we are now expecting the Market to get ready for the level of 16700 on the upper side.

In the meanwhile, Cherry Picking Strategy can now be followed.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 16220.60 (87.70)

Regards,
Alok Daiya