Morning Mantra - 20th February 2023

Dear All,

It is from back to back 3 weeks, that we have been witnessing the positive green candles on the chart of Nifty.

So overall, we can state that as of now, there’s a close fight going on between the levels of 18170 and 17800.

Therefore, from here, either a breakout of 18170 or a breakdown from 17800, will decide the new trend for the market.

Furthermore, above 18170, 18400 will be our next level of target. Whereas, on the other hand, a closing of below 17800 will once again activate the level of 17320 as a support.

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

Regards,
Alok Daiya

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Feb 19 to Feb 22, what a magical u Turn.

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17300 back 2 back closing, so finger cross for a positive bounce back.