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Morning Mantra - 21st June 2023

Dear All,

Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself.

That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter.

Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern. Besides, currently we are once again very near to the level of 18888.

Therefore, we are expecting that somehow by this week, Nifty can show us a crossover of above this crucial Resistance level of 18888.

Last but not the least, on a special note, since the Market is very near to its New High, we must continue Rebalancing our Portfolio.

Keep Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst