Morning Mantra, 4th March 2022

Good Morning!

In the yesterday’s trading session, we could see how Nifty had made a high of around 16768.95 but had ultimately tumbled down on the same day to give us a closing of around 16498.05, as it had once again failed to cross above its crucial level of Resistance of 16800.

So now, with the support of 16200 on the downside, it has become very important for the index to give a closing of above 16800.

Stay Cautious and Avoid being too aggressive as of now.

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

Regards,
Alok Daiya