Morning Mantra - 23rd June 2023

Dear All,

So, Yesterday was a perfect Roller Coaster Day for every Trader.

Where the Market wasn’t so good and stable for the players. Besides, we did also see a lot of profit booking across the different sectors.

Well as of now, we can observe the formation of an Evening star Doji on the Day chart of Nifty, which itself is indicating that we can observe another day in the Grip of the Bears.

So, we need to remain cautious, for now.

However, we are still with our words that the overall Market sentiments is still positive. But, somehow the Index is facing a lot of difficulty in crossing over above this crucial Resistance level of 18888.

So, as of now, Portfolio Rebalancing is the only way to keep yourself prepared against any negative circumstances in the Market.

Regards,
Alok Daiya
SEBI Registered Research Analyst