Morning Mantra - 25th May

Dear All,

So, we had seen another day of observing a Doji formation on the Day chart of Nifty.

Yes, somehow the Market is in sideways currently, creating confusion between the levels of 18400 and 18200.

However, we are still with our words that with the stop loss of 17800, we will go for Portfolio Rebalancing and Cherry picking strategy, which is a good idea, as of now.

Furthermore, until the time, Nifty is trading above 18200, it is a indeed a positive sign. Whereas, on the other hand, if the index breaks this level on weekly basis, then we will have to re-think about our another strategy, for the upcoming days.

Keep Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst