Morning Mantra - 2nd March 2023

Dear All,

Thankfully Nifty supported the bulls once again, as it made a perfect bounce back from the support level of 17300, yesterday.

Moreover, on a positive note, we had also witnessed a beautiful recovery of approx 150 points from Tuesday’s (28th February, 2023) closing of 17303.

Well for now, we are still with our words, that 17800 will once again be a strong level of Resistance for the Index.

Besides, till 17800, we will continue to consider 17300 as the support level on closing basis.

So, continue being stock specific as of now.

Regards,
Alok Daiya
(SEBI Registered Research Analyst)