Morning Mantra, 19th April 2022

Good Morning,

As we could witness yesterday, Nifty showed us a gap down opening and henceforth stayed below its predicted support level of 17310, for the entire trading session.

Moreover, from 17100 to 18100 and vice versa, this Volatility of a sharp 2000 points in Nifty is an indication of a new bull rally as per the chart setup.

Well, as of now 16800 will play a very crucial support in the short term.

Also, continue following the cherry picking strategy until some strong indications of aggressive buying can be seen.

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

Nifty’s Closing as on 18.04.22 - 17173.65

Regards,
Alok Daiya