Morning Mantra - 27th July 2023

Dear All,

Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself.

So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550.

Therefore, in such a situation we have to be stock specific and have to keep rebalancing our portfolio. Moreover, since today is the day of weekly settlement, therefore we have also to be cautious for the day.

In the meanwhile, with the stop loss of 19550, we can continue following the Cherry Picking strategy for now.

Regards,
Alok Daiya
SEBI Registered Research Analyst