Morning Mantra, 7th April 2022

Good Morning!

On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday.

Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not violate its support level on a closing basis.

Moreover, as today is a day of weekly settlement, it will be suggested to stay cautious and to be stock specific.

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

Regards,
Alok Daiya