The failure to cross the resistance at 35877 and sustain above the resistance of 35739 has left the markets vulnerable to further downside from the current levels. While I continue to be bullish on select large cap stocks, it will be a good idea to aggressively short the NIFTY at the current levels with a SL at 10843. Have also started to accumulate July NIFTY Puts & June BANKNIFTY Puts since last week (Both are Out-of-the-Money Puts).
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