The month of June has had a great start for the markets, but going forward, we have a few speed breakers lined up.
The region from 34400-34489 (10175-10200) is a very strong resistance zone for the markets. If these levels are taken out, then the rally will pause only at ~35500/10500.
However, if the markets fail to cross these levels convincingly, we could see a consolidation followed by a steep fall possibly up to 33900/10030 or lower.
On the downside 32900/9730 will be a good level to get into fresh long positions.
We continue to stock-specif long and short positions which will move towards their respective targets in spite of the overall market direction.
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