Morning Mantra - 14th June 2023

13 juin 2023

Dear All,

So, we did see the magical impact of Bullish Harami Cross Doji in Yesterday’s Market, as Nifty had successfully made a high of 18728.90 yesterday with a positive green candle on day chart.

Well, now it seems that we are very near to witnessing a new high in Nifty.  Wherein, the last week and the previous 2 days of this trading week, are somehow indicating that the overall sentiments of the Market is positive, but Nifty is still in an indecisive mode, as there’s a fight going on between the bull and the bear.

So in such a situation, if Nifty crosses over and gives a closing of above 18888 on monthly basis, then yes it will be a beautiful scenario for the bulls. But, as of now we need to be a little cautious at the upper levels, as we are expecting to witness a little supply pressure here.

Overall, this week will altogether be very crucial for the Market.

Last but not the least, keep Rebalancing your Portfolio, Keep Trading and Keep Investing.

Regards,
Alok Daiya
SEBI Registered Research Analyst

28 juin 2023

Note

Yippee! Our Morning Mantra has been proven to be on point once again!!!!
As Nifty has finally made its Fresh New high of 19011.25, dated : 28th June 2023