Morning Mantra - 31st May 2023

30 May 2023

Dear All,

So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels.

Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now.

Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days.

However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now.

Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high.

Regards,
Alok Daiya
SEBI Registered Research Analyst

28 Haz 2023

Not

nifty at new high :)