Morning Mantra - 23rd February, 2023

٢٢ فبراير ٢٠٢٣

Dear All,

So finally, yesterday we had seen a break down of 17800 level, a significant gap down opening and that the index was continuously under pressure throughout the day.

Well, as we told you that an either side breakout or breakdown was very necessary for the trend identification, so below 17800, can once again take the market towards the level of 17320 in these two days.

Patience will be a key factor here, as we had already warned you regarding this sideways momentum and that's why Stock Specific & Cherry Picking strategies were being suggested continuously.

Furthermore, be Cautious for Today & Tomorrow and also be Stock Specific.

Levels- 18170-17800-17320

Regards,
Alok Daiya
(SEBI Registered Research Analyst)