Morning Mantra, 22nd August 2022

Good Morning!

Just as we have been repeatedly stating since the past few days, about booking profits in the already accumulated stocks, similarly we did witness a significant supply in the Market on the last trading day.

Moreover as of now, we can witness the formation of a bearish engulfing and a shooting star on the daily and weekly chart, respectively. Which altogether is indicating a pull back in the Market, so be cautious.

Although we are absolutely delighted, that we could timely pre-update our dear listeners regarding the profit booking. So, as of now get ready for further accumulation with that assembled amount, as we are still with our words that with the support of 17080 we are expecting to witness a New High by this Diwali.

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

Nifty’s Previous Day Closing - 17758.45 (-198.05)

Regards,
Alok Daiya