Morning Mantra - 26th July 2023

Dear All,

From back to back 2 days, we have been witnessing a supply pressure in Nifty.

Where on the other hand, we have also been witnessing a stock specific momentum in the Market.

Well on the day chart of Nifty, we can now observe a beautiful hammer formation. So, here we are expecting to witness a bounce back in Nifty, Today.

Furthermore, it is being expected that as of now Nifty will continue to make a platform in between its range of 19800-19550.

So, for now with the stop loss of 19550, continue Rebalancing your Portfolio and keep following the Cherry Picking Strategy.

Regards,
Alok Daiya
SEBI Registered Research Analyst