Morning Mantra - 14th August 2023

Dear All,

First of all, wish you all a very Happy Independence Week and a Week of Financial Azadi.

Furthermore, we are expecting that for this trading week as well we can witness a sideways momentum in the Market. So, we will have to wait and watch for a clear cut indication, i.e., either a breakout of above 19550 or a breakdown of below 19300.

Most probably this week can be a crucial one for the Market, as due to a holiday on the 15th of August, this week consists of 4 Trading Days only.

So, as of now, it is better to keep Rebalancing the Portfolio and keep following the Cherry Picking strategy, as even in the previous week we had got to observe a lot of stock specific momentum in the Market.

Keep Investing!
Keep Trading!

Regards,
Alok Daiya
SEBI Registered Research Analyst