Morning Mantra - 16th February 2023

Dear All,

Finally we got to witness a beautiful breakout in Nifty, yesterday.

Wherein, just as we have been repeatedly stating the level of 17800, similarly Nifty has shown us a beautiful and an expected bounce back therefrom.

Furthermore, we are now very near to the level of 18170. Provided we keep witnessing a strong and a consistent closing of above 17800 throughout this week.

Also, as per the current circumstances, we can see our support level of 17320 to be shifting to 17800 very soon.

Above 18170, 18400 will be our next target.

In the meanwhile, continue staying stock specific and keep following the Cherry Picking strategy.

Regards,
Alok Daiya