Morning Mantra - 6th July 2023

Dear All,

Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally.

But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now.

Furthermore, every pull back can be a good opportunity for Cherry Picking along with the stop loss of 18700.

Last but not the least, Today is an important day, since it is a day of Weekly Settlement. Therefore be cautious, be stock specific and keep rebalancing your portfolio as of now.

Regards,
Alok Daiya
SEBI Registered Research Analyst