Morning Mantra - 31st May 2023

alokdaiya Updated   
NSE:NIFTY   Nifty 50 Index
Dear All,

So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels.

Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now.

Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days.

However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now.

Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high.

Alok Daiya
SEBI Registered Research Analyst
nifty at new high :)


Alok Daiya
SEBI Registered Research Analyst

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