Morning Mantra, 24th August 2022

Good Morning!

Just as we had stated yesterday, similarly Nifty did take a pull back by giving a gap down opening yesterday. However, it gradually took a crucial support at around our stated level of 17300. On a positive note it did also manage to show us a positive closing.

So, overall we can say that Nifty is now ready to cross over the level of 18100 with more force. Wherein, the level of 17300 will continue to be an immediate support for the index and 17080 will work as a major support.

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

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

Nifty’s Previous Day Closing - 17577.50 (86.80)

Regards,
Alok Daiya