Morning Mantra, 20th October 2022

Good Morning!

Just as we have been stating these days that if Nifty stably manages to sustain above the level of 17270, then we can witness a sharp rally in the Market. So, likewise we have already witnessed a quick rally of 200-300 points approx in the Market, so far.

Altogether, currently we can observe a mixed reaction in the Market, since there’s a significant stock specific momentum. Besides, we are still with our words as we still need to be stock specific and cautious until the next week.

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

Nifty’s Previous Day Closing - 17512.25 (25.30)

Regards,
Alok Daiya