Morning Mantra - 5th May 2023

Dear All,

So finally we had observed a very beautiful movement in Nifty on the day of weekly settlement. Wherein after 2 days, we had finally witnessed a closing of above 18200.

For now, if Nifty successfully sustains above the level of 18200 on weekly closing basis then we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days.

Therefore, until then keep following the Cherry Picking strategy.

Keep Investing!
Happy Trading!

Regards,
Alok Daiya
SEBI Registered Research Analyst