Morning Mantra, 23rd March 2022

Good Morning!

Just as we had stated yesterday, about the probability of witnessing a healthy pullback towards 16990, and thereafter observing the index to cross over its crucial level of resistance of 17300.

We are glad that the same had been beautifully witnessed in the yesterday’s trading session itself. As the index made a low of around 17006 and thereafter had given us a closing of around 17315.

Moreover, we are still with our words, as we are quite bullish on Nifty. As it is being expected that with the support at 16990, the index can touch its previous high of 18600 approx, by the Month of March-April.

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

Regards,
Alok Daiya