Morning Mantra, 13th June 2022

Good Morning!

On the last Trading Day of the previous week, we had observed a gap down opening from the stated crucial level of support of 16400. As a result of which, we did see a lot of Panic in the Market.

As of now, the Market seems to be in a very strong consolidation zone of 15850-16700.

Moreover, since Nifty is currently trading in its narrow trading range of 15850-16400, it will be suggested to not be too aggressive in the Market until we get a stable closing of above 16400.

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

Nifty’s Closing as on 10.06.22 - 16201.80

Regards,
Alok Daiya