Morning Mantra, 24th March 2022

Good Morning!

It is being expected that Today will be a judgmental day. Somehow or the other, also because it is a day of weekly clearing today.

On observing the Market momentum and the closing of the past few days, we can say that the index is repeatedly facing difficulty in strongly crossing over its resistance area of 17300-17400. So, keeling that in mind, we would now require a significant closing of above 17500.

Moreover, with the support at 16990, we are still quite bullish on Nifty. So, stay stock specific as of now.

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

Regards,
Alok Daiya