Morning Mantra - 1st March 2023

Dear All,

On observing yesterday's Market momentum, we could see that Nifty had made a positive opening at around 17383. Although, it was towards the later half of the day that some selling pressure was observed, and Nifty made a low of 17255.

However, just as we have been stating, on a positive note, Nifty supported the bull side by ultimately giving us a closing of above 17300. So, once again we had witnessed the effectiveness of the 17300-17320 levels.

Furthermore, we are still hopeful for the Market, until the index is above 17300 on closing basis.

In the meanwhile, continue being stock specific until the announcement.

Regards,
Alok Daiya
(SEBI Registered Research Analyst)