Morning Mantra - 5th July 2023

Dear All,

We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty.

But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us.

In the meanwhile, keep following the Cherry picking strategy and keep Rebalancing your Portfolio with the stated support levels, as of now.

As Nifty is in an open territory, which indicates that anything can happen in the Market as of now. So don’t Miss the rally and be cautious along with being stock specific.

Regards,
Alok Daiya
SEBI Registered Research Analyst