Morning Mantra, 31st December 2021

Good Morning!

Presenting 2021’s last Morning Mantra!

Well, Just as we have been stating about Nifty trading in a sideways zone and about the stock specific momentum, the same was witnessed in the Yesterday’s Trading session as well.

Moreover, it is being expected that even today, the same kind of stock specific momentum will be witnessed and that Nifty will continue trading in its narrow range, i.e., neither will it cross over the predicted level of Resistance of 17360, nor is it going to break through the support level of 17155, on closing basis.

Finally, as we come to Mark an End to the Year 2021, yes, it was definitely an amazing year. Where, apart from that, an increased pressure of highest selling from FIIs in the Month of December, has been a point of concern for all of us. Nonetheless, 2021 was a very good year for the Market Participants and we hope that the Year 2022 brings more of goodness, positivity and profitability in the Market.

With this, Wish You all A Very Happy & A Prosperous New Year 2022, in Advance!

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

Regards,
Alok Daiya