Morning Mantra - 30th May 2023

30 במאי 2023

Dear All,

What a beautiful day it was yesterday. Starting with a Gap Up Opening, we did also observe the Market sentiments becoming more positive.

However, since there was a choppy sideways movement in Nifty for almost the entire day, yesterday. Consequently we can now also observe the formation of a Cross Doji pattern on the Day chart of Nifty, which is indicating the indecision mood of market at this level.

Now, the level of 18600 will play a very crucial Role in the Market. Wherein, the effect of Portfolio Rebalancing will also be visible.

Besides, it will indeed be a good idea to keep following this strategy of rebalancing your Portfolio here.

Regards,
Alok Daiya
SEBI Registered Research Analyst