Morning Mantra - 28th March 2023

Dear All,

Yesterday was a very volatile day, which had finally ended with a perfect Doji, a single body formation. Furthermore, a cross harami formation, which is a double body formation altogether is once again indicating a reversal in this declining trend of Nifty.

So, as of now, still these 2 important levels of Nifty, i.e., 16800 and 17180 are active and are waiting for an either side breakdown or breakout.

Till then keep following the Cherry Picking strategy.

Regards,
Alok Daiya
SEBI Registered Research Analyst