Morning Mantra, 3rd August 2022

Good Morning!

What a wonderful bounce back in Nifty from the lower levels. Also, we got to witness another consecutive day of a beautiful closing of above 17300.

So yes, again the Market has been showing some good strength, supported with good number of various companies. Well as of now, we are still with our words that is to tighten your seat belt and get ready to witness a new high in the index some time soon.

Also, Cherry Picking Strategy will be a good idea here, along with which portfolio rebalancing will be like a cherry on the cake, as it’s a good time to do so. Therefore, do the smart work and start accumulating some good stocks here, and go for some profit booking in the stocks that have already been accumulated.

Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350

Nifty’s Previous Day Closing - 17345.45 (5.40)

Regards,
Alok Daiya