Morning Mantra - 21st June 2023

20 ביוני 2023

Dear All,

Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself.

That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter.

Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern. Besides, currently we are once again very near to the level of 18888.

Therefore, we are expecting that somehow by this week, Nifty can show us a crossover of above this crucial Resistance level of 18888.

Last but not the least, on a special note, since the Market is very near to its New High, we must continue Rebalancing our Portfolio.

Keep Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst