Morning Mantra, 5th January 2023

Once again we got to witness a crucial selling pressure in several sectors of the Market, yesterday.

While we have been continuously stating that Nifty is currently somehow confused between the levels of 17800 and 18400.

So, in the state of this consolidation, we are still with our words, i.e., to continue rebalancing and rechecking your portfolio along with being stock specific for now. As it is being expected that the upcoming days will be very crucial for the Market due to the factors like, pre-budget and Q3 results.

Apart from that, as it can also be seen from the above shared picture, currently Nifty has to give a stable closing of above 18400 for a positive journey in the coming days.

In the meanwhile, be cautious, be stock specific and continue rebalancing your portfolio.

Nifty Levels 15270-15400-15580-15800 
-16200-16350-16700-17300 -17800 
-18100-18350 
 
Nifty’s Previous Day Closing :- 18042.95 (-189.60)

Regards, 
Alok Daiya