Nifty 50 IndexLong
Morning Mantra - 18th May 2023
Dear All,
So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself.
However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious, as today is the day of weekly settlement.
So, in such a situation avoid the unnecessary exposure in the Market and wait and watch for a clear cut direction from Nifty.
Where if Nifty gives a stable closing of above 18200, then it will be a good sign. Otherwise, with the Rebalancing of the Portfolio, we have to take a smart move for the upcoming days.
Happy Trading!
Happy Investing!
Regards,
Alok Daiya
SEBI Registered Research Analyst
So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself.
However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious, as today is the day of weekly settlement.
So, in such a situation avoid the unnecessary exposure in the Market and wait and watch for a clear cut direction from Nifty.
Where if Nifty gives a stable closing of above 18200, then it will be a good sign. Otherwise, with the Rebalancing of the Portfolio, we have to take a smart move for the upcoming days.
Happy Trading!
Happy Investing!
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
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