Morning Mantra, 30th August 2022

Just as it was expected, similarly Nifty did show us a gap down opening, yesterday. However, it also managed to show us a recovery, as it ultimately gave a closing just above our stated support level of 17300. Which somehow is a good sign.

Besides, since this week consists of 3 Trading Days only, it will be suggested to be stock specific and to remain cautious for this week.

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

Nifty’s Previous Day Closing - 17312.90 (-246.00)

Regards,
Alok Daiya