Morning Mantra - 7th July 2023

Dear All,

So yesterday, we had witnessed a very beautiful momentum in Nifty.

Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30

So, as per Technical Analysis, Market sentiments still seems to be positive, as of now.

However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days.

Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here.

In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now.

Keep Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst