Morning Mantra - 13th March 2023

Dear All,

Finally, once again Nifty took a beautiful support at the level of 17300 on Friday. Also the Index made a beautiful bullish reversal pattern, called hammer on the daily chart.

Well in our weekly analysis, we are quite optimistic for the market as of now. However, in case Nifty breaks the level of 17300 on closing basis for panic creation, then 17180 will work as a speed breaker in between 17300 and 16800 level.

So, keep patience and be stock specific.

Furthermore, as of now, 17800 will once again work as a strong resistance for the market.

Regards,
Alok Daiya
SEBI Registered Research Analyst