Morning Mantra, 11th March 2022

Good Morning!

Satisfying the need of the hour, Nifty made an opening at its day high of 16757 approx yesterday, and thereafter gradually made a low of around 16447.90 during the day. But, it also somehow managed to give us a stable closing of above 16200, i.e., around 16594.90, in the yesterday’s trading session.

However, there’s still a need to stay cautious today, as we require to witness a closing of above 16200, today as well. So, stay stock specific and do keep a strict watch on the indices closing today.

Also, continue following the cherry picking strategy, as of now.

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

Regards,
Alok Daiya