Morning Mantra, 8th December 2021

Good Morning!

Just as we had stated already, similarly it was indeed a Roller Coaster Day, yesterday. Where, Nifty had shown us a downfall of approx 200 negative points, day before yesterday, on a closing basis. On the other hand, it gave us a positive closing with approx 200 positive points yesterday.

Moreover, we are still with our words, that the index will continue to be in this range bound zone till the month of December. So be Cautious and be Stock Specific until then.

Once again, 16700 will be the level of support and 17360 will be the level of resistance, for the index, as of now.

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

Regards,
Alok Daiya