Dear All,
Just as we had stated in our Morning Mantra yesterday about witnessing a pull back from the level of 18600. Likewise the same was observed yesterday itself, as Nifty had made a low 18,483.85
We can say that yesterday, Nifty had somehow tried to fill up the gap that was created as a result of its gap up opening, the other day.
Moreover, for now, with the stop loss of 18400-18200, we are still bullish on Nifty for witnessing a new high in the upcoming days.
Besides, this kind of pull back should be considered as an opportunity for Cherry picking and for rebalancing of the Portfolio, until the time Nifty triggers its new high.
Furthermore, since Today is the day of weekly settlement so be a little cautious.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Just as we had stated in our Morning Mantra yesterday about witnessing a pull back from the level of 18600. Likewise the same was observed yesterday itself, as Nifty had made a low 18,483.85
We can say that yesterday, Nifty had somehow tried to fill up the gap that was created as a result of its gap up opening, the other day.
Moreover, for now, with the stop loss of 18400-18200, we are still bullish on Nifty for witnessing a new high in the upcoming days.
Besides, this kind of pull back should be considered as an opportunity for Cherry picking and for rebalancing of the Portfolio, until the time Nifty triggers its new high.
Furthermore, since Today is the day of weekly settlement so be a little cautious.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
As Nifty has finally made its Fresh New high of 19011.25, dated : 28th June 2023