Morning Mantra - 20th March 2023
Dear All,
The Doji formations on two consecutive days, i.e., on Thursday & Friday, did gave us a little relief. Also, the support that Nifty took at 16850 on a weekly basis, was a comfort to witness.
However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180.
So, as of now, it is advisable to adopt the cherry picking strategy, with 16800 as the support level.
Regards,
Alok Daiya
SEBI Registered Research Analyst
The Doji formations on two consecutive days, i.e., on Thursday & Friday, did gave us a little relief. Also, the support that Nifty took at 16850 on a weekly basis, was a comfort to witness.
However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180.
So, as of now, it is advisable to adopt the cherry picking strategy, with 16800 as the support level.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.