Morning Mantra, 20th June 2022
Good Morning!
On witnessing a Doji formation on the chart of Nifty, which itself is indicating its indecisive mode. The Index has somewhat supported our view of keeping the Market in Observation for 2-3 Trading Days.
Moreover, as Nifty has entered a very crucial zone of 15270-15300, it will be a good sign if it manages to stably sustain over the level of 15300 on a closing basis. Otherwise, the level of 14350 on the downside will soon be activated.
Besides, we are still positive on the index, as we are hoping to soon witness a bounce back herefrom.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 15293.50
Regards,
Alok Daiya
On witnessing a Doji formation on the chart of Nifty, which itself is indicating its indecisive mode. The Index has somewhat supported our view of keeping the Market in Observation for 2-3 Trading Days.
Moreover, as Nifty has entered a very crucial zone of 15270-15300, it will be a good sign if it manages to stably sustain over the level of 15300 on a closing basis. Otherwise, the level of 14350 on the downside will soon be activated.
Besides, we are still positive on the index, as we are hoping to soon witness a bounce back herefrom.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 15293.50
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
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