Morning Mantra, 3rd March 2022

Good Morning!

Once again, the importance of the level of 16800 was witnessed in the Trading Session, yesterday. Where, on being unable to cross over and give a closing of above 16800 on Monday, Nifty made a low of around 16478, yesterday.

In addition to which, we can see the difficulties that the index is facing to stably cross above the stated Level of Resistance. Thereby, a closing of above 16800 will be the only hope for the bulls, as of now.

So, until then stay cautious and avoid being too aggressive in the Market.

Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350

Regards,
Alok Daiya