ROLLOVER ANALYSIS: REMAIN BULLISH AND USE ANY CORRECTIONS TO ACCUMULATE LONG POSITIONS

Outlook for June: Long build up by FIIS & aggressive Put writing at 18000 indicates downside is limited. Stay Bullish & use corrections to accumulate long positions. Bank Nifty 44200 is resistance. Move above 44200 could trigger short covering for target of 45000

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FIIS are buying aggressively in cash market + Stock Futures OI is at ATH. However, historically Nifty has never risen for four series on the trot & so there is high possibility of profit booking in July series. Book profits on any rally towards 19200-19500

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