Morning Mantra - 8th March 2023

2023年3月7日

Dear All,

The last 2 trading days were indeed amazing for the bulls, as we had got to observe a beautiful bounce back of approx 500 points from our stated support level of 17300.

Moreover, as we have witnessed in the last couple of weeks, the level of 17800 has emerged as a magical level for Nifty, which has simultaneously worked strongly as a Support and Resistance.

Furthermore, on Monday itself we had clearly mentioned about 17800 as a level of resistance for the Index and the same was accepted by the Market itself, as it made a high of 17799.95, followed by a major supply from the stated level.

So for now, let's keep our fingers crossed for a positive breakout of 17800 level, for 18170 and 18400.

Until then, continue being stock specific and keep following the Cherry Picking strategy.

Regards,
Alok Daiya
SEBI Registered Research Analyst

2023年3月10日

ノート

from 17799.95 to 17381 nifty