Morning Mantra, 27th October 2022

Just as we had stated on the last trading day, similarly we can observe that the festival mood is still on.

Moreover, since it's a weekly clearing day today, we have to be a little cautious as some volatility can be expected in the Market.

Besides, as per the current chart setup, with the support of 17270, if Nifty manages to cross over and sustain above the level of 17800 on a weekly closing basis then we can expect to witness the new level of 18100 very soon.

However until then, be cautious and continue being stock specific.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing - 17656.35 (-74.40)

Regards, 
Alok Daiya