Morning Mantra - 22nd February 2023

Dear All,

It was a 2nd consecutive day yesterday, where we had observed Nifty taking a beautiful support at around 17800 once again.

Besides, we had also seen a beautiful opening from Nifty yesterday. However, after reaching the level of 17920, the index had somehow failed to sustain the level and so consequently we got to witness a closing of just above 17800, once again.

Nonetheless, we are still with our words that the level of 17800 will once again be a very crucial level for the Market to finally decide its trend. Moreover, we are still quite positive for the upper level of 18170 as the level of Resistance in Nifty, until it is above 17800.

Also, in the meanwhile, continue being stock specific.

Regards,
Alok Daiya