Morning Mantra, 25th February 2022

Good Morning!

Finally, Nifty has taken a move out of its consolidation zone. Wherein, it has taken a move towards the downside levels.

Moreover, Just as we had stated, similarly we could very well see how this week was somehow very crucial for the Market Participants. Also, as had been clearly stated this week has given us a clear cut indication for the Market’s movement for the upcoming 3-4 Months.

In addition to which, where the level of 16800 was very much a crucial support level. Unfortunately due to a gap down opening of the yesterday’s session, Nifty could be seen breaking another support level of 16400 and thereafter finally landing down to 16200.

Although even 16200 has been a very crucial support level for the Market. So, as of now, if anything goes unfavourable then the levels of 15850 and 15580 will once again become very much active.

So, there’s a high requirement of staying cautious as of now and to extremely avoid being too aggressive in the Market until the market stabilizes.

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

Regards,
Alok Daiya