Morning Mantra - 17th February 2023

16 בפבר׳ 2023

Dear All,

Just as we had stated yesterday, about being very near to the level of 18170. Similarly, we did witness a high of 18134.75 in Nifty, yesterday itself.

Also, finally today is the last trading day of this week, and it is indeed expected to be a crucial one.

As so far, we have been fortunate enough to be witnessing a consistent closing of above 17800 for the past 4 trading days. Wherein, if we witness a closing of above 17800 even today, then our support level can be shifted from 17320 to 17800 in the upcoming week.

So, altogether, today’s closing will play a very significant role in deciding a direction of Nifty’s momentum for the upcoming week.

Whereas, in the meanwhile, continue being specific and keep following the Cherry Picking strategy.

Regards,
Alok Daiya