Morning Mantra - 15th March 2023

Dear All,

We are just seeing the effect of the breakdown level of 17300. Wherein, it seems that Nifty is on its journey towards 16800.

On Monday, we had seen Nifty taking a support at 17180. However, unfortunately the stated level of support was violated in yesterday’s market.

So, as of now, we will have to wait and watch for Nifty to either make a breakout of 17180 level, or to take a major support at around 16800.

Till then be stock specific and be cautious.

Regards,
Alok Daiya
SEBI Registered Research Analyst