Morning Mantra, 6th September 2022

Just as we had stated yesterday, similarly Nifty still seems to be in an indecisive mode. So, the level of 17800 will now be a trigger. Above the level of which, we can see a sharp rise in the Index.

Moreover, this sharp rise can be utilised for partial profit booking. Also, till now, the stated level of 17300 has been a very crucial support level for the Index. So once again, with this level of stop loss, we can continue following the cherry picking methodology.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17665.80 (126.35)

Regards,
Alok Daiya