Morning Mantra - 19th June 2023

18 Jun 2023

Dear All,

Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826.

Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing basis.

Where if Nifty gives a closing of above 18888 this week, then we can witness a further New High of around 19200 in the upcoming days. And it is only then, that we will trail our stop loss to the upper level.

Until then, keep Rebalancing your Portfolio and keep following the Cherry picking strategy.

Regards,
Alok Daiya
SEBI Registered Research Analyst

30 Jun 2023

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