Morning Mantra - 4th July 2023

٣ يوليو ٢٠٢٣

Dear All,

As per the chart of Nifty, the Index is currently trading in an open territory. Where it had also made a New High of 19345, yesterday, along with a closing at the upper level.

So, as of now, considering these factors, specially the fact that Nifty is trading in its all new horizon now, we are still our words to remain cautious here, with the following Cherry picking strategy and Portfolio Rebalancing, with the support of 18700.

Moreover, the way Nifty has been performing since the last 4 days, signifies that we should enjoy the Waves, but we should also be cautious in the time of High tide or low tide.

Since this is the situation of High Tide, therefore it is better to be careful as of now.

Happy Trading!
Happy Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst