Morning Mantra - 7th June 2023

Dear All,

The back to back Doji formations at this upper level is clearly showing a fight between the bull and the bear.

Even yesterday we had observed a Doji formation on the Day chart of Nifty. So, currently we have to wait for an either side of breakout above 18600 or breakdown below 18400.

In the meanwhile, continue rebalancing your portfolio and keep following the Cherry Picking strategy. Also, avoid exposure trading, for now.

Regards,
Alok Daiya
SEBI Registered Research Analyst