Morning Mantra - 21st July 2023

Dear All,

Finally yesterday, Nifty had almost achieved its target level of 20000, as it was just missed by 10 points.

As of now the concern is that we are on the top, so here once again cautiousness will be the important tool.

Moreover, since today is the last trading day of the week, so it will be suggested to be stock specific and to keep rebalancing your portfolio.

Furthermore, since the Market is now trading in a new territory, so it is somehow very difficult to predict the next move of Nifty. But since, the Index has almost reached its psychological target of 20000, therefore a little profit booking can be witnessed here at the current levels. So, be cautious.

Regards,
Alok Daiya
SEBI Registered Research Analyst