Morning Mantra - 18th July 2023

Dear All,

Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout.

As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the levels of 20000 soon.

So, in such a situation, indeed we can enjoy this rally. However, cautiousness will remain to be our tool.

Besides, in the meanwhile, with the near term stop loss of 19300, keep Rebalancing your Portfolio and keep following the Cherry-picking strategy.

Regards,
Alok Daiya
SEBI Registered Research Analyst