Morning Mantra, 20th January 2022

Good Morning!

Just as we had stated yesterday, similarly, we could see how crucial the day was yesterday for the Market. Where Nifty’s Trailed Support level became a Resistance for the Market, as it made a high of approx 18129 yesterday itself and ultimately we witnessed a closing of around 17938, that is above the yesterday’s stated level of support.

Now it is for us to wait and watch.
Since, it is a day of weekly clearing today, it will become all the more important for the Market to sustain above the level of 17900, in order to bring up some favourable situations, else it can bring a lot of panic.

Be Cautious and Stay Stock Specific.

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

Regards,
Alok Daiya