Morning Mantra - 24th March 2023

Dear All,

So, finally once again we had seen the magic of 17180 level. As even after making a high of 17205.40, Nifty had ultimately given us a closing of 17076.90

Today will somehow be a very crucial day, where the bulls are waiting for a closing of above 17180. Because for the past consecutive 2 days, Nifty tried its best to cross this Resistance level of 17180. But had somehow failed on a closing basis.

So, as of now, we are still with our words to continue following the Cherry Picking strategy, with the support of 16800 on a closing basis.

Regards,
Alok Daiya
SEBI Registered Research Analyst