Morning Mantra - 11th May 2023

10 thg 5, 2023

Dear All,

So, fortunately yesterday we got to witness another day of positive closing of above 18200.

However the day ended on flat note as Nifty gave a closing (18315.10) of just near to its opening figure of 18313.60

Now observing the formation of a Doji pattern on the chart of Nifty, and also considering the fact that today is the day of weekly settlement, it will somehow be better to not be very aggressive today and to remain cautious at the same time.

Furthermore, keeping in mind, that along with witnessing a positive closing on day basis, we also need to witness a positive weekly closing of above 18200. After which we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days.

Therefore, until then keep reaping the benefits out of this uprise and keep Rebalancing your Portfolio.

Regards,
Alok Daiya
SEBI Registered Research Analyst

28 thg 6, 2023

Ghi chú

Yippee! Our Morning Mantra has been proven to be on point once again!!!!
As Nifty has finally made its Fresh New high of 19011.25, dated : 28th June 2023