Morning Mantra, 22nd March 2022

Good Morning,

As expected and already stated, the level of 17300 is now a crucial resistance for the index and the same had been observed in the yesterday's trading session as well.

Moreover, as per the current chart setup, we are expecting a healthy pull back towards 16990 in nifty, for its another attempt to cross a its crucial resistance of 17300.

Also in a way, we are quite optimistic for a weekly favorable breakout. Meanwhile, be stock specific and continue following the cherry picking strategy.

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

Regards,
Alok Daiya