Morning Mantra - 12th July 2023

Dear All,

After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on.

So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200.

Overall, we now need to witness an either side movement from Nifty, i.e., either a breakout of the 19550 level, or a breakdown of 19300 level.

So, until Nifty is trading between the levels of 19550-19300, we can keep Rebalancing our Portfolio, along with being a little cautious here, as the season of Results has started.

Last but not the least, it is being observed that most of the stocks are either at their fresh new high, or are trading near their breakout levels. So, it is indeed a good time for some Cherry picking, here.

Keep Trading!
Keep Investing!

Regards,
Alok Daiya
SEBI Registered Research Analyst