Morning Mantra - 9th August 2023

Dear All,

Fortunately, we had witnessed a closing of above 19550 in Nifty, for the 2nd consecutive day, yesterday.

So for now, we are still positive on the Market, until the index is trading above 19300. Where 19800 will play a crucial role as a level of Resistance.

Furthermore, it is better to be stock specific and to keep following the Cherry Picking strategy, as of now.

Regards,
Alok Daiya
SEBI Registered Research Analyst