The market has been jumping around the 11690 levels (Daily Pivot for the month of June) and also around the 50 EMA on daily charts.

Calls

Sell Nifty futures if Nifty falls below 11652 levels. That would be around the 11665 levels in the Nifty futures.

On the hourly charts the Nifty seems to be having a tough time crossing the 11750 levels. So today if the prices reach 11750, then it is a good time to short.

There is nothing in the news that may make the market go up. This series the Nifty may trade at 11650 to 11800 levels. If 11650 is broken then Nifty can be very weak.

All future calls depend on how positive the budget will be.

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Finvestor Social Media
Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

By Finvestor Social Media

Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

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