Morning Mantra, 21st March 2022

Good Morning!

It was almost everyday in the previous week that we had beautifully witnessed a stable closing of above the crucial support level of 16800.

So, on considering the current scenario we can say that now the Market will be facing a Resistance, initially at a level of around 17300. Where on a positive note, we are expecting that here the Market is ready for a new rally.

Therefore, apart from the systematic risk, there’s a huge probability for the Market to touch its previous high, utmost by the month of March-April.

Besides that, stay stock specific and continue following the cherry picking strategy.

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

Regards,
Alok Daiya