Morning Mantra, 11th February 2022

Good Morning!

As was very well witnessed yesterday, that even though Nifty made a high of around 17640, it was clearly not able to cross over the predicted Resistance level of 17650. So, in accordance to that it will be better if the Index manages to cross over and sustain above 17650 for the first 2 hours Today. While it is being expected that a selling pressure might be witnessed, also because it’s a Friday.

Strategy to be followed will be to stay Stock Specific and to keep booking profits whenever possible.

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

Regards,
Alok Daiya