Morning Mantra, 2nd August 2022

Good Morning!

Finally, Nifty was successful in giving us a beautiful closing of above 17300, yesterday. Where some positive contributions were from different sectors specially Auto.

As of now, it is being expected that somehow, this results season can continue to contribute positively towards such a Market Momentum.

Also, we can now uplift our support level from 16300 to now be at 16700. As we are optimistic about our expectations of Nifty making a New High by this Diwali.

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

Nifty’s Previous Day Closing - 17340.05 (181.80)

Regards,
Alok Daiya