Morning Mantra - 9th March 2023

Dear All,

What a beautiful day it was yesterday.

Wherein after a gap down opening we had observed a remarkable bounce back in Nifty, yesterday itself. Moreover, a perfect rounding bottom pattern is now clearly visible on the day chart.

Besides, finally we are on the edge of 17800, wherein it is quite acceptable that above 17800 on closing basis we can see another fresh move in Nifty towards 18170.

Therefore, until then let’s keep our fingers crossed for this positive breakout and let’s continue being stock specific and following the cherry picking strategy, as of now.

Regards,
Alok Daiya
SEBI Registered Research Analyst