Morning Mantra - 28th April 2023

Apr 27, 2023

Dear All,

We had witnessed a very beautiful day yesterday. Wherein finally we had seen a breakout of the 17800 level on closing basis, as Nifty made a closing of 17915.05

Besides, on another positive note, Nifty is almost near to its Morning Star formation on its Monthly Chart.

These are indeed very good sign for the Market in the long-run. Furthermore, as per the current market situation, it is being expected that Nifty can even show us the level of 18130 very soon

So, overall the Market momentum is somehow looking very positive as of now. With an inverted head & shoulder and breakout of its neckline around 17800. Also, the result season seems to be adding up to this positivity.

For now, the conservative players can start accumulating from the Market.

Last but not the least,
Best wishes to all for the May Month.

Regards,
Alok Daiya
SEBI Registered Research Analyst