Morning Mantra, 7th October 2022

Just as we had stated yesterday, similarly we did witness volatility in the Market yesterday. Where with the beautiful gap up opening at around 17379, Nifty managed to make a high of around 17428 during the day. However, it ultimately made a closing of approx 17331.

Well on a positive note, Nifty had overall managed to sustain above the level 17270 for another trading day. So, as of now we will remain with our words that 17170 will remain to be the immediate level of Support for Nifty, on closing basis, followed by the level of 16940.

In the meanwhile, stay stock specific and be positive for the Market.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350

Nifty’s Previous Day Closing - 17331.80 (57.50)

Regards,
Alok Daiya