Morning Mantra - 28th February 2023

Dear All,

Yesterday was a wonderful day for the Market!

Wonderful in the sense that it was quite predicted about the level of 17320 or 17300 to be a major level of support for Nifty, as of now. Fortunately, we got to witness the same, as Nifty took a wonderful support at around the level of 17300 and had ultimately given us a closing of 17400 approx, yesterday.

So, as of now, just like we had stated yesterday itself that if Nifty takes a wonderful support at 17300, then we can witness a positive bounce back towards 17800, which will again be a strong resistance level for us.

Until then, continue being stock specific and keep an eye on few stocks for some cherry picking.

Regards,
Alok Daiya
(SEBI Registered Research Analyst)