Morning Mantra, 17th October 2022

Good Morning!

On observing the last trading session, we can say that the Market is somehow still struggling in between the levels of 16940 and 17270. So, currently we have to be a little cautious.

Besides, if the index somehow breaks down the level of 16940 on closing basis, then it can create some panic in the Market.

Altogether, until then, stay stock specific, be cautious and wait and watch for the either side breakdown or breakout in Nifty.

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

Nifty’s Previous Day Closing - 17185.70 (171.35)

Regards,
Alok Daiya