Morning Mantra - 2nd August 2023

Dear All,

It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800.

Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new high.

So, once again with the stop loss of 19550, keep rebalancing your portfolio and keep following the Cherry Picking Strategy for now for the magical and psychological figure of 20000.

Happy Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst