What a positive start of 2023, with a back to back 2 consecutive days of positive closing of above 18170.
Wherein once again, Nifty took a beautiful support at around 18170 during the first half yesterday.
Well for now, a stable closing of above 18400 is very important in the near term. Whereas in the meanwhile, the level of 18170 will play a crucial role as a level of support for Nifty, followed by 17800.
Besides, during this period we are still with our words to stay stock specific and to continue rebalancing your portfolio for now.